Reported 2 months ago
Dan Lewis, co-founder and former CEO of Convoy, reflected on the rapid rise and ultimate decline of the digital freight brokerage during a discussion at FreightWaves’ F3: Future of Freight Festival. He acknowledged the challenges faced by the company, which went from a $3.8 billion valuation in 2022 to shutting down by late 2023, attributing part of the downfall to costly decisions and missed opportunities to adapt to market changes. Despite the struggles, Lewis expressed pride in Convoy's impact on the industry and its legacy of innovation.
Source: YAHOO