New Investments in Trucking Logistics
A trucking logistics company, called Convoy, recently raised a new round of funding, and its investors include Bill Gates and Jeff Bezos. Convoy’s software links up truckers with nearby shipping jobs, in what has been billed as “Uber for trucking.” (Uber itself now has a similar service, called Uber Freight.) The company bills itself as helping the trucking market cut costs and pollution. It plans to expand from the Pacific Northwest into other parts of the country and to continue developing its software.