News / Digital brokers struggling as the market headwinds get stronger

Credit Convoy

The bloodletting in the digital brokerage space is picking up steam: freight brokerages Convoy and Coyote Logistics on Friday both announced staff reductions, blaming adverse market conditions.

And Uber Freight, which slipped back into the red in Q4 last year, confirmed staff cuts in its core digital brokerage business last month, while CH Robinson indicated earlier this month it would cut staffing further this year, following reductions in November.

Convoy is to close its Atlanta office and part with staff in a ...