Seattle Trucking Startup Convoy Shutters After 8 Years Amid Freight Recession, Lenders Pull Funding
Convoy, a Seattle-based digital trucking marketplace co-founded by CEO Dan Lewis, abruptly shut down after eight years due to a freight recession and lack of funding, leading to layoffs without severance. Executives expressed shock and grief during a company-wide video call, explaining that they exhausted all options to save the company but lenders withdrew the final funds.
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