LET'S BE DIRECT

Convoy Collapse: The LaneAxis Perspective

53 min · 30. okt. 2023
episode Convoy Collapse: The LaneAxis Perspective cover

Description

Another mega-collapse in the trucking sector in 2023. Convoy - a digital freight brokerage initially funded by the likes of Jeff Bezos, Bill Gates and rock star Bono, has suddenly shut down operations. At one time flush with money and boasting a valuation of nearly $4 billion, Convoy's collapse took many by surprise, including its major shipping customers such as Home Depot. Convoy's shuttering comes just months after Yellow Freight went belly up, marking the biggest trucking company collapse in U.S. history. In this latest episode of our podcast "Let's Be Direct," LaneAxis CEO Rick Burnett, President Jason Smith, and CMO Andrew Rivera examine Convoy's meltdown, what it means for the industry, and how the LaneAxis business and scaling models differ drastically from Convoy's. To learn more about laneaxis, visit https://laneaxis.com/home/.

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13 episodes

episode The Future of Trucking: Direct Model vs. Digital Brokerage artwork

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In this episode of the LaneAxis podcast, host Johnny Nguyen interviews Rick Burnett, the founder and CEO of LaneAxis, about the topic of broker reform and the future of the trucking industry. They discuss a recent case involving broker transparency and the importance of carriers knowing the rates that brokers charge shippers. Rick emphasizes that broker reform is already in place from a legislative standpoint, but the challenge lies in enforcing it and eliminating blacklisting. He believes that carriers need to unite and support initiatives that benefit them in order to have the power to make change. They also discuss the challenges faced by carriers in 2023, including low freight rates and increased costs, and the need for a direct network that allows carriers to control their own destiny. Rick shares his vision for the future of transportation, which involves removing inefficiencies and complexities through a direct model that connects shippers and carriers.

21. dec. 202340 min
episode Convoy Collapse: The LaneAxis Perspective artwork

Convoy Collapse: The LaneAxis Perspective

Another mega-collapse in the trucking sector in 2023. Convoy - a digital freight brokerage initially funded by the likes of Jeff Bezos, Bill Gates and rock star Bono, has suddenly shut down operations. At one time flush with money and boasting a valuation of nearly $4 billion, Convoy's collapse took many by surprise, including its major shipping customers such as Home Depot. Convoy's shuttering comes just months after Yellow Freight went belly up, marking the biggest trucking company collapse in U.S. history. In this latest episode of our podcast "Let's Be Direct," LaneAxis CEO Rick Burnett, President Jason Smith, and CMO Andrew Rivera examine Convoy's meltdown, what it means for the industry, and how the LaneAxis business and scaling models differ drastically from Convoy's. To learn more about laneaxis, visit https://laneaxis.com/home/.

30. okt. 202353 min