Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$27.2M

Valuation

$0000 

About Convey

Convey, previously Pivot Freight, is a rate comparison engine for customers that ship freight. The company's software helps e-commerce companies deliver products, especially large items that require special shipping, to consumers with end-to-end services that help track shipments.On September 21st, 2021, Convey was acquired by Project44 at a valuation of $255M.

Convey Headquarter Location

812 San Antonio Street #300

Austin, Texas, 78701,

United States

602-842-2788

ESPs containing Convey

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Supply Chain & Logistics

These companies provide delivery management platforms that unify fulfillment and delivery models, allowing retailers to track how an item is ordered, where inventory is located, and how the order will be fulfilled from a single location. Ultimately, this real-time data around shipment tracking and visibility helps retailers make decisions and respond to disruption.

Convey named as Outperformer among 13 other companies, including Bringg, FarEye, and Onfleet.

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Convey's Products & Differentiation

See Convey's products and how their products differentiate from alternatives and competitors

  • Convey Discover

    Real-time transportation visibility with emphasis on macro level trends, including ability to drill down on individual shipments. Includes robust prescriptive analytics, transportation insights and alerts to reveal hidden network issues in real-time to enhance decision making.

    Differentiation

    Convey’s focus on ensuring high quality, near real-time and actionable data is its primary differentiator. Visibility into multiple data-sources including many that are non-native to the transportat… 

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    Differentiation

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    Differentiation

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Research containing Convey

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Convey in 1 CB Insights research brief, most recently on Jun 18, 2021.

Expert Collections containing Convey

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Convey is included in 2 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,507 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

C

Conference Exhibitors

5,302 items

Convey Patents

Convey has filed 16 patents.

The 3 most popular patent topics include:

  • Multiplexing
  • Intermodal containers
  • Communication circuits
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/8/2017

7/13/2021

Evolutionary biology, Supply chain management, Individual sailing vessels, Intermodal containers, Shipping

Grant

Application Date

12/8/2017

Grant Date

7/13/2021

Title

Related Topics

Evolutionary biology, Supply chain management, Individual sailing vessels, Intermodal containers, Shipping

Status

Grant

Latest Convey News

On-time rates dip for USPS and UPS, climb for FedEx ahead of holidays: Convey

Nov 24, 2021

Published Nov. 24, 2021 First published on Dive Brief: The on-time rate for last-mile retail deliveries from the major parcel carriers improved in October, increasing by 2 percentage points from September, according to data from Convey by project44. That's still below the 2021 high of 83% in June and July, however. FedEx's on-time rate improved by 5 percentage points from September to 72%, "due to operational improvements and increased accuracy in delivery time estimates," according to Convey. The on-time rates for UPS (83%) and the U.S. Postal Service (92%) declined over the same period. Convey said staffing shortages and upstream supply chain issues are slowing deliveries. "Carriers are bracing for a tough season ahead," as on-time rates are unlikely to improve during the holidays, it said. On-time delivery rate improves for FedEx, slips for UPS in October On-time performance for retail final-mile deliveries Dive Insight: Parcel carriers are attempting to add tens of thousands of seasonal employees to service the peak-season volume surge in a hiring environment many companies say is challenging. Low staffing levels in FedEx's Ground network have forced the company to reroute more than 600,000 packages per day. At the same time, port congestion and other supply chain hurdles could stymie the flow of volume entering last-mile carriers' networks. This is already happening for UPS' domestic network, with its hubs near ports in Los Angeles and Long Beach in California waiting for more containers to arrive . This difficult supply chain environment — on top of sky-high demand for home delivery — has parcel carriers investing more in their sortation networks and advising high-volume shippers to bring in packages earlier or on less-busy days. Many shippers are diversifying their carrier mixes to avoid surcharges and volume limitations . The upcoming peak season will put those tactics to the test. Convey's data shows that on-time performance has slipped since the summer, and the firm said a challenging holiday stretch for carriers could be coming. Convey said its October data comes from tens of millions of packages shipped from more than 500,000 North America locations. Convey's methodology aims to measure carrier performance versus consumer expectations. It counts a delivery as late if it misses its original estimated delivery date, an approach ShipMatrix President Satish Jindel has disagreed with , as the carrier wasn't necessarily given the parcel the same day the order occurred. Some carriers occasionally revise the estimated delivery date once an item is in transit, an issue Convey says has appeared more often during the COVID-19 pandemic and makes a difference in terms of on-time delivery percentages. "In this model, the 'low-90's' reported at the beginning of the pandemic really looked closer to the mid-70s and was much more consistent with the widespread reports of delays across the nation and with the collective consumer experience," said a post on Convey's website . Spokespeople for FedEx, UPS and the Postal Service didn't comment on Convey's specific methodologies or findings but said their respective carriers are prepared to handle the upcoming surge in volume. "UPS led the industry in on-time delivery performance last peak season, and we are confident that our network is running extremely well as we head into this year's peak season," Glenn Zaccara, vice president of communications for UPS, said in an email. FedEx said in a statement that it is working closely with customers to understand their volume levels and ways to best leverage its network flexibility. "Despite the challenges we face, the average transit time for all FedEx Ground shipments is still less than 2.5 days," the company said. Follow Max Garland on Twitter

Convey Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Convey Rank

  • When was Convey founded?

    Convey was founded in 2013.

  • Where is Convey's headquarters?

    Convey's headquarters is located at 812 San Antonio Street, Austin.

  • What is Convey's latest funding round?

    Convey's latest funding round is Acquired.

  • How much did Convey raise?

    Convey raised a total of $27.2M.

  • Who are Convey's competitors?

    Competitors of Convey include Shipium, OptimoRoute, Loadsmart, Project44, SimpliRoute and 11 more.

  • What products does Convey offer?

    Convey's products include Convey Discover and 2 more.

  • Who are Convey's customers?

    Customers of Convey include Bodybuilding.com and UrbanStems.

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