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Costco (NASDAQ: COST) member travel agency among top 5 US by booking volume; warehouse club purchasing power delivers cruise and vacation package rates below Expedia and OTAs with Costco Cash Card member benefits.
Costco Travel is the travel services division of Costco Wholesale (NASDAQ: COST) — the membership warehouse club with $254 billion in fiscal year 2024 revenue and 130+ million cardholders — operating as one of the largest US travel agencies by booking volume, offering vacation packages, cruises, rental cars, hotel stays, and international travel to Costco members at pre-negotiated group rates that typically undercut comparable online travel agency pricing. Costco Travel does not break out revenue separately, but industry estimates place Costco Travel among the top 5 US travel agencies, with cruise and vacation package volume in the billions of dollars annually.
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.
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.
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