2011
Wavy, the startup where Dan Lewis worked, was acquired by Google around 2010 or 2011, and its team moved to Google's Bay Area machine intelligence group.
“So the company was acquired in 2011, if I remember correctly, or in 2010, 2011.”
Topic
13 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2011
Wavy, the startup where Dan Lewis worked, was acquired by Google around 2010 or 2011, and its team moved to Google's Bay Area machine intelligence group.
“So the company was acquired in 2011, if I remember correctly, or in 2010, 2011.”
2015
Dan Lewis says Convoy's broker registration number was a day old at launch, which made truckers distrust it.
“Our MC number, our official like motor carrier numbers of brokers a day old.”
Undated
While a consultant at Oliver Wyman, Dan Lewis worked on projects for the Panama Canal, Vueling Airlines and Boeing.
“I worked for the Panama Canal for a little while. I lived in Spain and I worked for Welling Airlines”
Undated
At Amazon, Dan Lewis wrote several six-page documents in his first two and a half months and pitched them to leadership.
“I wrote five, six-pagers in my first two and a half months. I pitched them to the leadership team.”
Undated
Convoy co-founder Grant Goodale had been on Dan Lewis's team at Amazon.
“Grant was on my team at Amazon.”
Undated
Dan Lewis says offering truckers a specific real shipment raised their conversion to downloading the app from about 0% to about 95%.
“So then you go from a 0% conversion to like 95% conversion where if the truck driver wants that job, they're going to download the app to get it.”
Undated
Dan Lewis says Convoy pays carriers about 30 days earlier than usual, and that the financing cost is less than the benefit of carriers using its app.
“So effectively, if I could pay the carrier 30 days before they're used to getting paid, the cost for me to finance that is a lot less than the benefit”
Undated
Dan Lewis says the US truckload market is about $600 billion a year, and the largest truckload broker handles about $10 billion.
“The truckload market is, you know, about $600 billion a year in the US.”
Undated
Dan Lewis says Convoy ranked roughly in the top 15 to 20 freight brokerages in the US.
“We would probably be in about the top 20, you know, top, top, maybe 15.”
Undated
Dan Lewis says Convoy roughly doubled its shipment volume every quarter for about its first eight quarters.
“For the first, like I think eight quarters or so, we were doubling volume every, or every quarter approximately.”
Undated
Dan Lewis says Convoy is the largest trucking provider for several Fortune 100 customers.
“We're the biggest trucking company for several name brand, you know, fortune 100 companies now in the country.”
Undated
Dan Lewis says carriers using Convoy's batching ran empty about 19% of the time, compared with 35-36% for those that did not.
“the ones that don't run empty about 35, 36% of the time.”
Undated
Dan Lewis says batching cuts empty-mile emissions by roughly 40 to 45%.
“you're reducing emissions from using batches by about 45%.”
Episodes