Last Words
“Revolutionizing trucking.” (Roadblocked.)
Raised
$665 million — cargo lost in economic turbulence
Cause of Death
Digital freight network… derailed by market downturn.
Notable twist
Valued at $3.8B. Shut down after freight recession.
Details
Pitch: “The Uber for freight.”
Convoy aimed to digitize trucking logistics but was sideswiped by an industry-wide freight recession and rising costs. Even with $665M raised, the downturn forced a sudden shutdown in 2023, leaving employees blindsided🪦 RIP Convoy (2015–2023)
