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The Latest Breaking News from Convoy

Shipping company files surprise Chapter 7 bankruptcy, liquidation

While demand for trucking has increased, so have costs and competition, which have forced a number of players to close.

The Street

Apex Fintech Solutions will try to go public again

The custody and clearing firm has confidentially filed its draft registration statement with the SEC.

Fortune

The CEO of startup Superhuman explains how generative AI will change ‘everything’ about email

CEO Rahul Vohra says that four in 10 Superhuman users have activated its new AI features.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Jeff Bezos and Bill Gates-backed billion dollar business closes

The company tackled a huge problem and was helping make it better, but that was not enough (even with Bono and Edge of U2 as investors).

The Street

Private Russian military companies are multiplying – and so are the Kremlin’s problems

The Kremlin said Friday that it is considering granting legal status to some of the more than two dozen private military companies active in Russia. Legally, these shadow paramilitary groups do not exist – which allows them to operate parallel to Russia's armed forces, at times doing high-risk "dirty" jobs…

France 24

New Russian militia Convoy rises as Wagner Group gets too big to control

Established in Russian-occupied Crimea in 2022, the Convoy militia is getting increasing publicity on social media as it recruits fighters. The rise of the new Russian militia comes as the Kremlin is trying to encourage the emergence of other mercenary groups to compete with Wagner, which has become too powerful…

France 24

The Uber-ization of US trucking is only speeding up

U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry.

Tribune News Service

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This Digital Freight Operator Raises Funds At $3.8B Valuation, Positioning It For Potential IPO

Digital freight operator Convoy Inc raised $160 million in new funding that values the load-matching business at $3.8 billion positioning it for a potential IPO. Convoy substantially completed the Series E funding round led by Baillie Gifford & Co, T. Rowe Price Associates Inc, and others during the fourth quarter of 2021. Convoy…

Benzinga

Ontario court freezes access to donations for truckers' protest from GiveSendGo

OTTAWA — The Ontario government says it has successfully petitioned a court to freeze access to millions of dollars donated through online fundraising platform GiveSendGo to the convoy protesting COVID-19 restrictions in Ottawa and at several border crossings.

People

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