Cargado

Exclusive: Cargado raises $12M to boost cross-border trucking marketplace

Cargado, the first ever cross-border freight marketplace and load board for U.S.-Mexico freight, announced a $12 million Series A funding round led by venture capital firm LGVP.

Cargado CEO Matt Silver said the funding will be used to expand the platform. 

“It’s all about building the product and building the network,” Silver told FreightWaves in an interview. “Everybody loves the product. There’s a lot that customers want from us; now that they’re using the product, they ask for more things and...

https://www.freightwaves.com/news/exclusive-cargado-raises-12m-to-boost-cross-border-trucking-marketplace

Top 5 US-Mexico trade stories of 2024

In 2023, Mexico supplanted Canada and China as the top source of imports to the U.S. 

Throughout 2024, Mexico solidified its place as the top U.S. trading partner, boosted by cross-border commerce for automotive goods, computers, cell phones, oil and fresh produce.

While U.S.-Mexico cross-border trade continues to rise, other major stories include ongoing cargo theft against carriers and truck driver labor disputes in the country, as well as President-elect Donald Trump’s tariff plans.

As 2024...

https://www.freightwaves.com/news/top-5-us-mexico-trade-stories-of-2024

An ode to Chicago and its freight hustlers

Chicago has always been about hustling or selling something. Jean-Baptiste-Point Du Sable, after being arrested by the British during the American Revolution, became the first non-native person to settle in what would become the Chicago area in the late 1780s. A successful trader, he sold out in 1800, took the money, and retired to St. Charles, Missouri. Had Du Sable been around today, he might have started a freight brokerage instead, or at the least, he might have been an early employee of...

https://www.freightwaves.com/news/an-ode-to-chicago-and-its-freight-hustlers

FreightTech could see boost from Trump’s second presidency

President-elect Donald Trump’s technology policies could boost tools used in the freight transportation industry such as AI, automation, cloud computing and more, experts say.

During his most recent campaign, Trump promoted the advancement of technology within the U.S. with the aim of reducing reliance on foreign tech imports. His upcoming administration could likely provide incentives for logistics and transportation firms to invest in AI, automation and other technologies.

From automated...

https://www.freightwaves.com/news/freighttech-could-see-boost-from-trumps-second-presidency

Borderlands Mexico: US-Mexico trade hit $74B in August, Port Laredo No. 1 again

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: US-Mexico trade hit $74B in August, Port Laredo No. 1 again; Imperative Logistics Group acquires freight forwarder Jamco; Gebruder Weiss partners with Mexico load board Cargado; and Avery Dennison opens $100M facility in Queretaro, Mexico.

US-Mexico trade hit $74B in August, Port Laredo No. 1 again

U.S.-Mexico trade totaled $73.77 billion in August, an increase of 4%...

https://www.freightwaves.com/news/borderlands-mexico-us-mexico-trade-hit-74b-in-august-port-laredo-no-1-again

Exclusive: Cargado launches first-ever load board for Mexico freight 

As trade flows between Mexico and the U.S. continue to surge, Cargado CEO and co-founder Matt Silver unveiled Monday a first-of-its-kind invite-only load board for freight moving into and out of Mexico.

Customers are able to use Cargado to book freight faster and more transparently, as the entire negotiation takes place on the platform, Silver said. 

“We’re excited to finally be able to share the fact that we’ve been building an invite only cross-border load board,” Silver told FreightWaves in an...

https://www.freightwaves.com/news/exclusive-cargado-launches-first-ever-load-board-for-mexico-freight

Trimble Insight conference highlights transportation tech, freight trends

LAS VEGAS – Trimble Inc. wrapped up its 2024 Insight Tech Conference + Expo on Tuesday, with the three-day event spotlighting new technology and strategies for carriers, shippers and brokers.

The event drew more than 1,500 attendees and included several keynote conversations and hundreds of panel discussions, workshops and exhibitors focused on transportation trends and emerging technologies.

Here are several takeaways from this year’s Insight:

Trimble leaders’ keynote highlights acceleration of...

https://www.freightwaves.com/news/trimble-insight-conference-highlights-transportation-tech-freight-trends

Logistics tech startup Cargado raises $6.8M in seed funding

FreightTech startup Cargado announced Monday it has secured $6.8 million in seed funding that will be used to expand its team and enhance the company’s product.

The seed round was led by Primary Venture Partners with participation from existing investors Ironspring Ventures, Zenda Capital, Wischoff Ventures and Proeza Ventures, along with new investor Ryder Ventures.

Cargado secured $3 million in pre-seed funding in January.

Cargado was founded by CEO Matt Silver and Rylan Hawkins, chief...

https://www.freightwaves.com/news/logistics-tech-startup-cargado-raises-6-8m-in-seed-funding

3PLs can guide shippers through complexities of cross-border trade

This fireside chat recap is from the FreightWaves 3PL Summit on Wednesday.

FIRESIDE CHAT TOPIC: The future of cross-border freight and third-party logistics providers.

DETAILS: Cargado’s Matt Silver breaks down the changing role of 3PLs and how they can help shippers as more manufacturers move their supply chains to Mexico.

SPEAKERS: Silver, co-founder and CEO of Cargado, a FreightTech firm that is building software to simplify the cross-border shipping process, and FreightWaves’ Mary O’Connell.

KEY...

https://www.freightwaves.com/news/3pls-can-guide-shippers-through-complexities-of-cross-border-trade