Convoy Logistics

Name

Convoy Logistics

Legal name

Convoy Logistics

Website

https://convoylogistics.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Freight Brokerage & Logistics Services

NAICS

Freight Transportation Arrangement (48851), Freight Transportation Arrangement (488510), General Freight Trucking, Long-Distance (48412)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Trucking (No Local) (4213)

akta.pro primary industry

Freight Brokerage (Truckload/LTL/Intermodal) (TLAIANAA)

akta.pro secondary industries

Less-Than-Truckload (LTL) Freight Brokerage (TLADAMAC), Drayage & Intermodal Dispatch Management (TLAIAEAG)

Keywords

• Freight brokerage services
• Full truckload shipping
• Less-than-truckload shipping
• Intermodal drayage logistics
• International freight forwarding

Headquarters

HQ city

Crossett

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Freight Transportation Services: Convoy Logistics operates as a non-asset based provider, brokering freight transportation services between shippers and carriers. Revenue is generated through transaction fees based on shipped freight volume, with contracts with over 5,000 carriers representing more than 50,000 power units.
2. Quick Pay Program: Optional program for carriers offering next-day ACH payment for a 3% service charge, providing faster cash flow for qualified carriers who submit signed bills of lading free and clear of damages and/or shortages.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Convoy Logistics is a non-asset based freight broker that arranges Full Truckload (FTL), Less-Than-Truckload (LTL), International, and Intermodal & Drayage shipping for business shippers nationwide in the United States. The company matches shipper freight with contracted carriers from a network of 5,000+ carriers and 50,000+ power units, supported by a proprietary Transportation Management System that provides GPS tracking, automated tracking emails, and a customer-facing tracking portal.

Product overview

Convoy Logistics is a non-asset based transportation management services provider offering a portfolio of logistics services rather than a unified software product. The company operates four core service offerings: Full Truckload (FTL) for full truckload shipments via a carrier network of over 5,000 carriers with 50,000+ power units; International for air, sea, and land freight with customs clearance; LTL & Refrigerated LTL for partial truckload shipments between 100-10,000 lbs; and Intermodal & Drayage combining rail, truck, and vessel transport for cost-efficient long-haul shipping with port-to-door delivery. Services are delivered through their proprietary transportation management system (TMS) and include carrier tracking, automated notifications, and fraud prevention features. The company positions itself as a technology-enabled broker matching shipper freight with carrier capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Full Truckload Non-asset based Full Truckload (FTL) transportation brokerage connecting shippers with a contracted network of 5,000+ carriers and 50,000+ power units for dedicated truck capacity. Includes GPS tracking, automated tracking emails, personalized website tracking, and F.R.A.U.D. Alert fraud prevention. Supports equipment types including dry van, reefer, flatbed, step deck, RGN, power only, sprinter van, box truck, and straight truck for businesses needing large-volume freight capacity nationwide.
• International Shipping End-to-end international shipping service coordinating cargo movement via air, sea, and land transportation modes. Includes freight consolidation, route optimization, customs clearance, and documentation handling for businesses with global shipping needs.
• LTL & Refrigerated LTL Less-Than-Truckload shipping service for loads between 100 lbs and 10,000 lbs using a shared-truckload cost model where shippers pay only for the space used, splitting costs with other shippers. Includes a refrigerated LTL option for temperature-sensitive freight. Targeted at businesses that do not require full truckload capacity and find parcel shipping too expensive.
• Intermodal & Drayage Multi-modal transportation combining truckload, rail, and/or shipping vessel transport in intermodal containers, minimizing cargo handling and reducing damage risk. Includes drayage services for port-to-door delivery with real-time container tracking and detention/demurrage fee management. Available for both dry and refrigerated cargo.

Quantifiable outcome

• Free assessment with 24-28 hour turnaround (quicker for single shipments)
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• C.H. Robinson Worldwide: Largest US non-asset freight broker with NAST (North American Surface Transportation) and Global Forwarding divisions; competes head-to-head with Convoy for truckload, LTL, and intermodal shippers.
• RXO: Pure-play asset-light freight brokerage spun out of XPO, offering truckload, LTL, and last-mile services; closest comparable in business model to Convoy's non-asset approach.
• Echo Global Logistics: Technology-enabled non-asset 3PL offering truckload, LTL, and intermodal services; directly comparable in mode mix and tech-enabled brokerage model.
• Landstar System: Asset-light freight network using owner-operators and agents; competes with Convoy in truckload brokerage and is comparable in non-asset structure though larger.
• Hub Group: Intermodal and logistics provider with brokerage arm; directly comparable in intermodal & drayage services and truckload brokerage.

Emerging players

• Uber Freight: Digital-native freight brokerage from Uber; overlaps with Convoy in FTL and increasingly in intermodal/managed transportation, but with substantially more tech investment.
• Flexport: Digital freight forwarder focused on international ocean and air freight; comparable to Convoy's international shipping service line but with far greater scale and technology.

Broad incumbents

• J.B. Hunt Transport Services: Large asset-based carrier with a significant ICS (Integrated Capacity Solutions) brokerage division; competes with Convoy across truckload, intermodal, and LTL.
• Schneider National: Asset-based truckload, intermodal, and logistics provider; competes with Convoy in truckload brokerage and intermodal, though Convoy is non-asset.
• Maersk (Logistics & Services): Global integrated logistics provider with growing North American LTL and truckload offerings; competes for international shippers in Convoy's cross-border segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Convoy Logistics