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Convoy Collapse: The LaneAxis Perspective
Another mega-collapse in the trucking sector in 2023. Convoy - a digital freight brokerage initially funded by the likes of Jeff Bezos, Bill Gates and rock star Bono, has suddenly shut down operations. At one time flush with money and boasting a valuation of nearly $4 billion, Convoy's collapse took many by surprise, including its major shipping customers such as Home Depot. Convoy's shuttering comes just months after Yellow Freight went belly up, marking the biggest trucking company collapse in U.S. history.
In this latest episode of our podcast "Let's Be Direct," LaneAxis CEO Rick Burnett, President Jason Smith, and CMO Andrew Rivera examine Convoy's meltdown, what it means for the industry, and how the LaneAxis business and scaling models differ drastically from Convoy's.
To learn more about laneaxis, visit https://laneaxis.com/home/.
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By LaneAxis NetworkAnother mega-collapse in the trucking sector in 2023. Convoy - a digital freight brokerage initially funded by the likes of Jeff Bezos, Bill Gates and rock star Bono, has suddenly shut down operations. At one time flush with money and boasting a valuation of nearly $4 billion, Convoy's collapse took many by surprise, including its major shipping customers such as Home Depot. Convoy's shuttering comes just months after Yellow Freight went belly up, marking the biggest trucking company collapse in U.S. history.
In this latest episode of our podcast "Let's Be Direct," LaneAxis CEO Rick Burnett, President Jason Smith, and CMO Andrew Rivera examine Convoy's meltdown, what it means for the industry, and how the LaneAxis business and scaling models differ drastically from Convoy's.
To learn more about laneaxis, visit https://laneaxis.com/home/.