Letter to employees signals Convoy closing its doors on core business operations

This Week in Logistics Management

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| Logistics Management News · October 25, 2023

Letter to employees signals Convoy closing its doors on core business operations Following heavy speculation in recent days that it was taking steps to wind down its business operations, Seattle-based digital freight broker Convoy is officially closing down its current core business operations, according to a company letter sent to Convoy employees from Convoy CEO and Co-Founder Dan Lewis. Read more.

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| Latest Logistics Management News

ATA Truck Tonnage Index sees declines The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for September, at 113.9 (2015=100), was down 1.1%, following a 0.2% increase, to 115.3, in from July to August. Read more.

GXO’s acquisition of PFSweb is a done deal GXO officials said that with PFSweb in the fold it will expand GXO’s offering in high-growth verticals, including cosmetics and luxury goods, across North America and Europe by leveraging PFSweb’s relationships with more than 100 brands. Read more.

National diesel average sees largest weekly gain since August, reports EIA The national average price per gallon headed up 10.1 cents, to $4.545 per gallon, marking the highest increase since a 13.9-cent increase, to $4.378, for the week of August 14. Read more.

DAT September Truckload Volume Index sees lower volumes and rates Seasonal trends impacted lower spot market volumes and rates in the September edition of the DAT Truckload Volume Index. Read more.

Ryder announces intent to acquire Impact Fulfillment Services Miami-based freight transportation and logistics services provider Ryder System Inc. said today it has inked a definitive agreement to acquire the outstanding equity of IFS Holdings LLC, also known as Impact Fulfillment Services (IFS), a provider of contract… Read more.

ASCM conference highlights importance of geopolitics in the supply chain Speakers at recent ASCM conference explain why a global supply chain matters to individual businesses. Read more.

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