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The Flexport company opened up its new Convoy Platform to brokers, officially exiting the broker game and distancing itself from the model that sank the original Convoy, leaving carriers unpaid.
Convoy Platform's new owner, Flexport, stands accused of wrongly charging millions in detention and demurrage to the two shippers. In other news: I-95 back open fully after deadly tanker explosion and temporary repairs; latest Highway Angel.
Hercules Capital, who owns Convoy's accounts receivable, might be on the verge of settling with Convoy's unpaid carriers, according to one debt collector.
Flexport's Convoy relaunch has achieved a shocking success: Recruiting carriers that Convoy had stiffed in October.
Truckers are owed hundreds of thousands of dollars for IKEA shipments brokered by Convoy, but no one knows who owes whom.