Cargomatic is a logistics company founded in 2013 by Brett Parker & Jonathan Kessler,[1] based in Long Beach, California specifically targeting the fragmented short-haul and drayage trucking markets connecting shippers and carriers real-time with its crowdshipping web platform and mobile app.[2][3][4]
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| Industry | Trucking software, Logistics |
|---|---|
| Founded | 2013 |
| Headquarters | Long Beach, California |
Key people |
|
| Website | cargomatic |
Focus
editThe company focuses on assisting shippers and carriers in the trucking industry through the following segments:
- Capacity utilization – Maximizing carrier truck capacity to reduce empty runs.[5]
- Gig economy – Allowing truckers to do additional jobs, or owner operators to be their own bosses.[6]
- Drayage – Minimizing wait times to relieve congestion at ports such as the Port of Los Angeles and Port of Long Beach.[7]
- Less than truckload shipping – Assisting shippers without fleets, or shipper fleets that are at or over capacity by adding supplemental drivers.[1]
Funding
editIn 2016, at the close of Series A funding, Cargomatic raised a total of $20.8M from investors including Morado Ventures, Canaan Partners, Sherpa Capital, and SV Angel.[8] In 2018, Cargomatic raised $35M in its Series B funding[9] from Warburg Pincus, Canaan Partners and Genesee & Wyoming.[10]
References
edit- ^ a b Dave, Paresh (September 27, 2014). "Cargomatic's mobile technology connects truckers to short-range jobs". Los Angeles Times. Retrieved 2019-12-17.
- ^ "Cargomatic - Instantly Connecting Shippers with Local Carriers". Cargomatic.
- ^ "Bloomberg Cargomatic". Bloomberg.
- ^ "Road Haulage - The appy trucker". The Economist. March 5, 2016. Retrieved 2019-12-16.
- ^ Cooper, Rosemary; Timmer, Vanessa (October 1, 2015). "Local Governments and the Sharing Economy – A roadmap helping local governments across North America strategically engage with the sharing economy to foster more sustainable cities" (PDF). One Earth – Local Gov Sharing Econ. Retrieved 2019-12-16.
- ^ Ockedahl, Carina (March 7, 2016). " "Trucking Start-Up Cargomatic Wants to be Shipping's Uber". Trucks.com. Retrieved 2019-12-17.
- ^ "Port of LA to Test Cargomatic Service, Seeks to Speed Freight Movement". Transport Topics. August 6, 2015. Retrieved 2019-12-16.
- ^ Dave, Paresh (May 9, 2016). "Los Angeles Times - Technology - May 9th 2016". Los Angeles Times. Retrieved 2019-12-16.
- ^ Smith, Jennifer (August 15, 2018). "Cargomatic Gets New Funding as Rebuilding Effort Gains Traction". WSJ. Retrieved 2019-12-12.
- ^ "Genesee & Wyoming Announces Investment in Cargomatic". Business Wire. July 2, 2018. Retrieved 2019-12-12.
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