In the aftermath of the post-pandemic freight recession, Flexport, a logistics technology provider based in San Francisco, has announced its expansion of the Convoy Platform for brokers. This move is aimed at providing brokers with access to a vast network of reliable carriers across the country, simplifying freight execution and reducing operating costs for both brokers and carriers.
Flexport saw an opportunity to strengthen its position in the logistics industry by acquiring Convoy’s technology after the digital freight matching firm shut down after eight years with substantial venture capital funding. By leveraging Convoy’s technology stack, Flexport is now able to streamline global trade by connecting all stakeholders in the supply chain.
Bill Driegert, Flexport’s EVP and Head of Trucking, emphasized the importance of technology in transforming the trucking market post-pandemic. He highlighted how technology can connect small carriers with brokers, simplify operations, reduce costs, and create more opportunities for small carriers. This move by Flexport is part of their broader strategy to empower the trucking ecosystem with innovative solutions that can adapt to evolving market conditions.
Flexport’s expansion of the Convoy Platform for brokers represents a significant investment in its commitment to delivering comprehensive solutions for its clients’ needs. With this move, Flexport is positioning itself as a leader in logistics technology and demonstrating its ability to innovate in an ever-changing market environment.
