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Reports of Convoy Winding Down Digital Freight Business

Supply Chain Matters

Supply Chain Matters highlights a breaking news development related to Seattle based trucking based Cloud platform provider Convoy. Bloomberg, The Wall Street Journal and other industry specific media are reporting that Seattle based digital freight start-up services provider Convoy is preparing for a possible sale or other action.

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Air Freight Explained: Calculating Costs and Price Trends

Freightos

International Air Freight Shipping: Definition. While 90% of everything is shipped by ocean, air connects the world faster, cutting China-US freight shipping time from 20-30 days by ocean to only 3 days by air cargo. International air freight and express freight shipments are not the same thing.

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Flexport Acquires Convoy’s Core Technology

Supply Chain Matters

After reports last week indicating that Seattle based digital freight start-up services provider Convoy was preparing for a possible sale or winding down of business operations there are indications that freight logistics platform provider Flexport will be the acquirer of Convoy’s underlying technology.

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Reports That Convoy Exploring Strategic Options

Supply Chain Matters

Supply Chain Matters This Week in Supply Chain Tech updates readers on reports indicating that innovative digital freight brokerage start-up Convoy is exploring strategic options. The company further secured a new $150 million line of credit from J.P. At the time, total capital raised was in excess of $669 million.

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Agriculture in the City

Enterra Insights

” Another company in this agriculture space is Freight Farm, which provides farmers the ability to grow vegetables in converted freight shipping containers equipped with the latest hydroponics and automated systems equipment. Freight Farms calculates annual profit for each container to be an average of $39,000 annually.”

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Global Status of the Physical Internet — A Vision for Sustainable, Secure, Resilient Supply Chains

Freightera

BM: For society, the Physical Internet (PI) enables order-of-magnitude improvements in the efficiency, sustainability, security, trustability and resilience of supply chains, logistics, and freight transportation, all around the world, within each company and across industries. EB: What are the advantages to society and consumers?

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In Logistics, the Last Few Feet are as Important as the Last Mile

Enterra Insights

For congested metropolitan areas such as Seattle, the focus is actually on the ‘final 50 feet’ of those shipments.”[3] The study also found that clearing security accounted for 12% of total delivery time, while riding the freight elevator and looking for tenants’ locations accounted for 61% of overall time.”