Seattle-based trucking marketplace company Convoy has paused shipments in its digital trucking marketplace, leaving the future status of the company unclear.
Reports emerged Wednesday that the company canceled loads from its marketplace. Employees were reportedly surprised by the news, and not given more information about what’s to come for the 8-year-old startup.
We’ve reached out to CEO Dan Lewis and a company spokesperson. We’ll update the story when we hear back. Update: The company says it is preparing for a transition and will share details later this week.
Convoy is one of Seattle’s most well-funded privately-held startups. The company was valued at $3.8 billion last year after raising $260 million.