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Exclusive: How Trucking Startup Convoy Drove Itself Into the Ground

On Wednesday morning at 7:30 a.m, the mimosas started flowing at Convoy’s Seattle headquarters. It wasn’t a celebration. After months of Convoy trying desperately to raise cash or find a buyer, employees had just been ordered to stop taking new orders and cancel existing shipments.


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On Wednesday morning at 7:30 a.m, the mimosas started flowing at Convoy’s Seattle headquarters. It wasn’t a celebration. After months of Convoy trying desperately to raise cash or find a buyer, employees had just been ordered to stop taking new orders and cancel existing shipments.

The story of how trucking startup Convoy collapsed reflects the hubris of tech founders who had no experience in trucking and banked on automation.

   Read the full article    
How Trucking Startup Convoy Drove Itself Into the Ground
By Maria Heeter, Ann Gehan, Nick Wingfield, and Theo Wayt

 

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