Cargomatic
Californian logistics company
From Wikipedia, the free encyclopedia
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]
- Richard Gerstein (CEO)
- Steve Jackson (Chief Administrative Officer)
- Weston LaBar (Head of Strategy)
- Matt Hogan (Chief of Staff)
- Michael Neller (EVP, Sales)
- Sunil Sharma (Chief Product and Technology Officer)
- Laura Lucas (Chief People Officer)
- John Curtis (Chief Financial Officer)
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| Industry | Trucking software, Logistics |
|---|---|
| Founded | 2013 |
| Headquarters | Long Beach, California |
| Key people |
|
| Website | cargomatic |
Focus
The 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
In 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]
