Flock Freight vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
Flock Freight's patented SharedTruckload technology bundles LTL shipments into direct, hub-free full truckloads; raised $215M total including a Series D; reduces transit time by 25% and damage rates vs. LTL;
About
Flock Freight is a freight technology company founded in 2015 and headquartered in Encinitas, California, that has developed a patented shipping method called SharedTruckload. The company bundles multiple less-than-truckload (LTL) shipments from different shippers whose freight is moving between compatible origin and destination points into direct, hub-free truckloads. Unlike standard LTL shipping, where freight is consolidated at carrier terminals and transferred multiple times between trucks, SharedTruckload moves freight on direct routes without terminal handling — combining the cost advantage of LTL (paying only for space used) with the service quality of full truckload (FTL) shipping.
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.
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