Convoy

Digital broker in the U.S. trucking market

Analytics date: 03.10.2024

Basic information

Head office

Seattle, US
Head office
Date of the last round

Last round 04/2022
Date of the last round
Total funds raised

$878M+
Total funds raised
Price per share

$9.00
Price per share

Price per share. Based on the latest known transaction. It is not an offer or investment recommendation.

Analytics date: 03.10.2024

Industry analysis

Container shipping outlook 2024: Rising risk of delays, disruptions

The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024.

The global freight recession will continue in 2024: CNBC Supply Chain Survey

Shipping industry 2024 outlook suggests no big rebound: CNBC Supply Chain Survey

Driving Change: How Hybrid Carriers will Finally Unlock Economies of Scale in Trucking

The future of trucking is neither traditional brokers nor asset carriers; it is a new model, which we will call the hybrid carrier. This model gets materially better with scale, using technology to address the industry’s existing limitations and the reasons that trucking remains so fragmented. Hybrid carriers have a digital truckload marketplace, a universal pool of trailers, online drivers and equipment, and broad industry integrations, all running on a technology platform that uses data and AI to orchestrate everything, manage carrier quality, and generate actionable insights for shippers.

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Competitor analysis

Leaders in the ratio of valuation to investment

The histogram shows the ratio of the company's value to the volume of investments received. The post-money estimate of the last round is taken as the cost of the company. The volume of investments is the amount of funds raised by the company during all rounds + debt financing. The histogram shows the coefficient obtained by dividing the value of the company by the amount of investments received by it. Accordingly, the higher the coefficient, the better: the less money the company needed to achieve its valuation. The companies on the histogram are arranged in descending order of the coefficient.

Growth rates of companies in the sector

This chart illustrates the progression of private companies' official valuations over time. The post-money valuation of the company during each official financing round is depicted. Each data point represents an investment round, with the company's valuation expressed in US dollars. The timeline is displayed in quarters. By default, the most recent quarters are visible, but you can navigate to earlier periods using the left scroll. To view the chart in full screen, utilize the chart submenu options.