Convoy Shutting Down?

Discussion in 'Ask An Owner Operator' started by Siinman, Oct 18, 2023.

  1. Siinman

    Siinman Road Train Member

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    So I am sure most have seen the news that they shut everything off. Suppose to give a statement tomorrow or next I guess. Are they gonna shut it completely off or restructure and keep it going?
     
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  3. blairandgretchen

    blairandgretchen Road Train Member

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    Just the brokerage - right?
     
  4. Siinman

    Siinman Road Train Member

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    Not sure if it is everything or just brokerage.
     
  5. ThatGasDude

    ThatGasDude Bobtail Member

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    I thought brokers made all the money?
     
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  6. Bud A.

    Bud A. Road Train Member

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    Sometimes they lose all the money, especially if it's a Big Tech venture capital company. A quarter billion here, a quarter billion there, one of these ideas will stick.
     
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  7. TexasKGB

    TexasKGB Light Load Member

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    I read on Twitter they tried to separate brokerage and assets - claimed it wasn't a stress-driven move - but the lenders weren't allowing it. It's the whole operation.
     
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  8. Midwest Trucker

    Midwest Trucker Road Train Member

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  9. abyliks

    abyliks Road Train Member

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    no big “peak season” for the holidays are going to be followed by a true dead season that doesn’t bounce back in the spring is what I’d think but I don’t gamble so the hell if I know
     
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  10. Long FLD

    Long FLD Road Train Member

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    The YouTube and Instagram videos about this have the best comments that are some true examples of trucker math. Best one I’ve seen said it’s good that companies like this are going broke because they steal money off the top and keep the rates low.
     
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