Convoy vs FedEx
Side-by-side comparison of AI visibility scores, market position, and capabilities
Convoy was the digital freight marketplace that reached $3.8B valuation before shutting down in October 2023; assets were acquired by Flexport as the US trucking industry's digital transformation continues.
About
Convoy was a Seattle-based digital freight network that operated an automated matching platform connecting shippers with trucking carriers, aiming to bring Uber-style efficiency to the highly fragmented US trucking industry. Founded in 2015 by Dan Lewis and Grant Goodale, Convoy raised over $900M from investors including Google, Jeff Bezos, and T. Rowe Price, reaching a peak valuation of $3.8 billion as it grew to handle hundreds of thousands of loads per month across a network of hundreds of thousands of trucks.
NYSE-listed (FDX) global express and ground shipping at $87.7B revenue processing 15M+ packages daily; 670+ aircraft network competing with UPS for B2B and e-commerce parcel delivery worldwide.
About
FedEx Corporation is a Memphis, Tennessee-based global transportation and logistics company — listed on NYSE (NYSE: FDX) — providing express overnight delivery (FedEx Express), ground parcel delivery (FedEx Ground), less-than-truckload freight (FedEx Freight), and supply chain and e-commerce fulfillment services through a global network spanning 220+ countries and territories. Founded in 1971 by Frederick W. Smith with the hub-and-spoke air freight model that created the overnight delivery industry, FedEx generated $87.7 billion in revenue in fiscal year 2024, processing 15 million+ packages daily through its combined Express and Ground networks for business shippers, e-commerce merchants, and residential consumers.
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