Convoy has 5,000 to 10,000 active trucking companies on platform monthly
Dan Lewis · 1160 Convoy, The Uber for Trucking, Charges Avg $4/mile on 100 mile trip, Takes Less Than 20% Per Unit Shipped · Sep 27, 2018 · at 18:20
Dan Lewis, co-founder and CEO of digital freight network Convoy, shares operational metrics on active trucking carriers on their platform.
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“We have you know, five, 10,000 active trucking companies in our platform every month.”
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Trucking platforms face lower supply acquisition costs than Uber and Lyft
“They said, let's take people that don't do this as their full-time job and get them to come become drivers and build up a new supply of drivers. So if you're trying to get someone to leave their old job or whatever they were doing to make money before and star…”
Convoy lowers prices by reducing broker costs and using matching technology
“It does. And over time it allows us to drive the price down even more. We can take out some of the operating costs of running a brokerage, which makes it so we can run a little bit more efficiently. We can also find more convenient trucks because we can see al…”
Convoy operates healthily below the industry standard 18% to 20% take rate
“Our business model can be healthy at a lower percentage.”
Amazon receives no data or operational learnings from Convoy
“Yeah, I can't comment on Amazon's plans, but it's certainly not the case where they're learning or getting data from Convoy. There's no relationship like that.”
Convoy generates millions of dollars in revenue every week
“And we're doing, you know, millions of dollars in revenue every week.”
Convoy's key operational metrics: volume, market density, and automation percentage
“The key metrics for us are thinking about how much freight we're moving how much for removing in each of our markets, because we want to build healthy, you know, dense networks as we build this business out. And what percentage of the time is the work is the f…”