Convoy logistics stock


... the director of supply chain and logistics for Waiakea Springs. But a few times, low-ball offers attracted poor drivers, she says. (July 02, 2020) Convoy Connect TMS | Convoy. Shippers like Anheuser-Busch, CHEP, and Waiakea trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets. Now it needs to address concerns about low prices and figure out how to turn a profit.In a less optimistic scenario, pitting drivers against one another to offer the lowest rate could end up further depressing prices. Like many truckers, Sekhri booked his jobs through freight brokers, a class of intermediaries who do most of their business by phone. PitchBook is a financial technology company that provides data on the capital markets.
It’s more EBay than Uber and could increase options for drivers by a factor of 10, he says.Waiakea Springs sends as many as 10 trucks a week from California to Pennsylvania and New Jersey, mainly to the convenience store chain Wawa. That used to cost as much as $8,000, but the price on Convoy usually tops out at $5,300, Alegria says. Helping matters on Tuesday is PepsiCo's preorder for … U.S. Marines with Combat Logistics Battalion 2, Combat Logistics Regiment 2, 2nd Marine Logistics Group convoy on a main supply route during a motorized fire and maneuver exercise as part of integrated training exercise 5-19 at Marine Corps Air Ground Combat Center Twentynine Palms, California, July 26, 2019. Tesla Stock Pops as PepsiCo Pre-Orders 100 Semi Trucks. With the new service, Convoy will list every single load and allow drivers to bid on each one.
Convoy assigned the company a dedicated account representative to find the best prices and ensure smooth service, something Uber Freight wouldn’t do for such a small customer, says Alexandra Alegria, the director of supply chain and logistics for Waiakea Springs. Convoy also agreed to help the water company achieve an environmental goal of switching to all-electric vehicles starting next year, by connecting them with green trucking companies.Four out of five jobs for Lawrence came through Convoy. “The majority  of other brokers I’ve worked with send you to one of their giant call centers,” Alegria says. On-demand trucking and freight marketplace Convoy has raised $400 million in a round of funding from big-name investors, including Alphabet's CapitalG.

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Convoy logistics stock