In the last year, the trucking industry has been riding one of the most dramatic roller coasters it has seen in decades. Convoy, one of the oldest and best-capitalized startups attempting to take much of the human labor out of trucking, was in the front row.
Founded in 2015, Convoy uses data and technology to match freight and trucks more efficiently for companies like Home Depot, Procter & Gamble, and Unilever. Rather than the spreadsheets and emails used by traditional brokerages, Convoy leans on automation to reduce the empty miles truck drivers deplore.
After a year like 2020, where a temporary lull in trucking demand gave way to one of the longest booms in recent memory, Convoy, its competitors in the tech world, and traditional brokerages are looking to seize on the opportunity. But for Convoy CEO Dan Lewis, the boom brought a lesson, too.
"I think what we learned in 2020, was we really shouldn't assume we can predict the market," Lewis told Insider. "Probably the safest bet is to have a system that is resilient."
The Seattle-based company now has more than 1,000 employees and is currently hiring for dozens of positions in Seattle, Chicago, and Atlanta.
A Convoy spokesperson told Insider via email the company offers a "competitive compensation packages, which include compelling benefits and Convoy stock, so that everyone can share in the success of the company."
Insider analyzed the US Office of Foreign Labor Certification's 2020 disclosure data for permanent and temporary foreign workers to see how much Convoy paid their employees. US companies report how much base compensation workers are offered when filing paperwork for H-1B visas on behalf of current or prospective foreign workers. Here are the numbers.
Operations roles:
Trailer Operations Specialist: $70,346
Operations Research Scientist: $147,000
Senior Manager, Asset Operations: $150,000
Engineering roles:
Software Engineer: $115,000 - $175,000
Data roles:
Data Scientist: $90,000 - $150,000
Senior Data Scientist: $150,000
IT and product management roles:
Senior IT Applications Manager- Workday: $130,000
Principal Technical Program Manager: $122,500 - $153,795
Program Manager, Pricing Strategy: $122,500
Principal Operations Research Scientist: $210,000
Senior Product Manager: $195,000
Head of Product Management, Emerging Programs Pricing: $190,000
