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Convoy says big data cuts its trucking accident rate 16% below industry average

Venture-funded digital freight broker screens safest carriers for its network.

tow truck hook Convoy

Online truck brokerage Convoy is using machine learning technology to process traffic records and identify the safest drivers, saying its system yields 16% fewer accidents than the industry average.

According to Seattle-based Convoy, its platform processes millions of records daily to better correlate crash data with carrier safety events, such as speeding violations or vehicle maintenance.


The company is using the approach to identify the safest carriers to allow into its network, and thus increase on-time deliveries and cost savings for shippers, with lower claim rates and fewer cargo incidents. Convoy says it experiences a cargo claim less than once per 2,000 loads, whereas the industry experiences a cargo claim about once per 100 loads.

The platform is the latest move by Convoy to expand its share of the digital freight matching (DFM) sector since the firm landed a whopping $400 million in venture capital funding in 2019, following its $62 million round in 2017. Convoy says its network moves thousands of truckloads per week by automatically pricing and matching shipments with carriers, an approach it says will lead to lower costs and improved quality for shippers, increased earnings for truck drivers, and the reduction of pollution from miles driven without cargo.

“Accidents are an unfortunate reality of the transportation industry,” Lorin Seeks, Convoy’s director of Carrier Quality and Compliance, said in a release. “This model predicts which carriers are likely to get into an accident, enabling us to make more informed hiring decisions, mitigate risk, and build a safer carrier group for our customers. We now believe we have the industry’s highest carrier safety standards, which has been echoed to us by insurance providers, auditors, and our customers.”

In a blog post, Convoy says its approach is an improvement on the the most widely used carrier safety information, which comes from the Federal Motor Carrier Safety Administration’s (FMCSA) Carrier Safety and Accountability (CSA) program. That data is insufficient for modern safety analysis because it was never designed for private sector use in the carrier selection process, and is intended for reactive intervention by enforcement authorities, not prediction of future events. In addition, 95% of carriers nationally are unrated in CSA records, Convoy says.

“Shippers want access to a network of reliable, safe carriers, and yet obtaining the data, tools, and resources necessary to assess carrier safety has been a traditional problem for brokers, asset-based carriers who broker loads, and freight networks,” Seeks wrote in the post. “This problem is only becoming more urgent, as rising insurance premiums and compensatory payments from accidents increase shippers’ financial exposure.”

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Logistics gives back: February 2025

Here's our monthly roundup of some of the charitable works and donations by companies in the material handling and logistics space.

  • For the sixth consecutive year, dedicated contract carriage and freight management services provider Transervice Logistics Inc. collected books, CDs, DVDs, and magazines for Book Fairies, a nonprofit book donation organization in the New York Tri-State area. Transervice employees broke their own in-house record last year by donating 13 boxes of print and video assets to children in under-resourced communities on Long Island and the five boroughs of New York City.
  • Logistics real estate investment and development firm Dermody Properties has recognized eight community organizations in markets where it operates with its 2024 Annual Thanksgiving Capstone awards. The organizations, which included food banks and disaster relief agencies, received a combined $85,000 in awards ranging from $5,000 to $25,000.
  • Prime Inc. truck driver Dee Sova has donated $5,000 to Harmony House, an organization that provides shelter and support services to domestic violence survivors in Springfield, Missouri. The donation follows Sova's selection as the 2024 recipient of the Trucking Cares Foundation's John Lex Premier Achievement Award, which was accompanied by a $5,000 check to be given in her name to a charity of her choice.
  • Employees of dedicated contract carrier Lily Transportation donated dog food and supplies to a local animal shelter at a holiday event held at the company's Fort Worth, Texas, location. The event, which benefited City of Saginaw (Texas) Animal Services, was coordinated by "Lily Paws," a dedicated committee within Lily Transportation that focuses on improving the lives of shelter dogs nationwide.
  • Freight transportation conglomerate Averitt has continued its support of military service members by participating in the "10,000 for the Troops" card collection program organized by radio station New Country 96.3 KSCS in Dallas/Fort Worth. In 2024, Averitt associates collected and shipped more than 18,000 holiday cards to troops overseas. Contributions included cards from 17 different Averitt facilities, primarily in Texas, along with 4,000 cards from the company's corporate office in Cookeville, Tennessee.

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