Seattle Trucking Marketplace Convoy Pauses Shipments and Considers Sale Amid Market Recession

Seattle-based trucking startup Convoy has paused shipments and is reportedly winding down operations amid a freight market recession and financial struggles, with layoffs and potential sale talks ongoing. The company, valued at $3.8 billion last year, faces stiff competition and market headwinds, and plans to share more details on its transition later this week.

DDan Lewis GGrant Goodale CConvoy