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Cargomatic

Industry	Trucking software, Logistics
Founded	2013; 12 years ago (2013)
Headquarters	Long Beach, California
Key people	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)
Website	cargomatic.com

Cargomatic is a logistics company founded in 2013 by Brett Parker & Jonathan Kessler, 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.

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.
• Gig economy – Allowing truckers to do additional jobs, or owner operators to be their own bosses.
• Drayage – Minimizing wait times to relieve congestion at ports such as the Port of Los Angeles and Port of Long Beach.
• Less than truckload shipping – Assisting shippers without fleets, or shipper fleets that are at or over capacity by adding supplemental drivers.

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. In 2018, Cargomatic raised $35M in its Series B funding from Warburg Pincus, Canaan Partners and Genesee & Wyoming.

References

1. ^ Dave, Paresh (September 27, 2014). "Cargomatic's mobile technology connects truckers to short-range jobs". Los Angeles Times. Retrieved 2019-12-17.
2. "Cargomatic - Instantly Connecting Shippers with Local Carriers". Cargomatic.
3. "Bloomberg Cargomatic". Bloomberg.
4. "Road Haulage - The appy trucker". The Economist. March 5, 2016. Retrieved 2019-12-16.
5. 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.
6. Ockedahl, Carina (March 7, 2016). " "Trucking Start-Up Cargomatic Wants to be Shipping's Uber". Trucks.com. Retrieved 2019-12-17.
7. "Port of LA to Test Cargomatic Service, Seeks to Speed Freight Movement". Transport Topics. August 6, 2015. Retrieved 2019-12-16.
8. Dave, Paresh (May 9, 2016). "Los Angeles Times - Technology - May 9th 2016". Los Angeles Times. Retrieved 2019-12-16.
9. Smith, Jennifer (August 15, 2018). "Cargomatic Gets New Funding as Rebuilding Effort Gains Traction". WSJ. Retrieved 2019-12-12.
10. "Genesee & Wyoming Announces Investment in Cargomatic". Business Wire. July 2, 2018. Retrieved 2019-12-12.

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