LinkedIn Co-founder Reid Hoffman spoke with Brian Sozzi at Yahoo Finance's All Markets Summit about trucking software company Convoy and the overall future of transportation.
REID HOFFMAN: They're doing a great job. They're shippers, kind of find that the flexibility and the use of mobile phones to track, and schedule, and do everything, and to coordinate with the drivers and to be able to get a much larger fleet a lot of the convoy. Drivers are, you know, kind of family-owned one or-- one to five trucks. And to be able to get those into the really good shippers and good shipping lanes, they're all working really well.
I think they're doing a great job of kind of like-- you know, how do they innovate on-- and this is one of the funny things for being a software guy-- about physical things. Like, how do we have trailers so that we can drop the trailer off, make it efficient unload, but pick up another trailer and immediately go on to the next job?
You know, and programs like that, which are all kind of a funny form of innovation. But of course, we live in the world of atoms, not just in the world of bits. And so those kinds of innovations are also part of what our simple innovations to the efficiency of the whole system.