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Like many of the small-time truckers who bet big on Convoy, the Seattle freight startup that failed last fall, Angadjot Sandhu didn't realize the ride was over until it was too late.
While Convoy would complement Flexport, the freight tech market has fallen on hard times.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events. The post Convoy’s tech focus may have obscured importance of human element appeared first on FreightWaves.
CEO and co-founder Dan Lewis attributed the company's demise to 2023’s freight recession and an industrywide venture funding slump.