Convoy Inc, a digital freight network, has launched a new power-only service as part of its Convoy Go program, providing private fleets with nationwide capacity to haul their preloaded and empty dry van trailers. Through the use of machine learning across Convoy’s vast shipper network, backhauls and loadouts for trailer moves can be automatically identified, significantly reducing shipping costs while eliminating carbon emissions from empty miles. Convoy estimates that shippers spend billions of dollars each year on empty trailer moves. Convoy’s power-only freight service can save up to 30% of the cost for these trailer moves, while also helping carriers maximize asset utilization and earn more money. This launch expands the capabilities of Convoy Go, providing power-only capacity to haul private fleet trailers. Convoy supplements the private fleet’s existing tractor capacity to more efficiently rebalance trailer pools and deliver preloaded trailers.
“Today’s announcement is the next natural step in reinventing the drop-and-hook market,” said Ziad Ismail, chief product officer at Convoy. “After building a nationwide network of power-only carriers, we’re now opening up our network to private fleets with a much-needed service and a level of efficiency and flexibility that previously was not possible.”
Convoy is a digital freight network moving thousands of truckloads around the country each day through its optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers and eliminating carbon waste for the planet. Convey uses technology and data to solve problems of waste and inefficiency in the $800 billion trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, P&G, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency and achieve environmental sustainability targets.
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