Matt Silver

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

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

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

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

Matt Silver launches US-Mexico logistics tech startup Cargado

Founder and former CEO of Forager Matt Silver announced Monday the start of Cargado, a new venture aimed at creating a seamless platform for U.S.-Mexico cross-border logistics.

The startup, which has already secured $3 million in pre-seed funding, “will address the unique challenges of moving freight between the U.S. and Mexico using innovative new technology,” Silver said.

“There are a lot of other companies that are starting to look at either buying Mexican companies or investing in leadership,...

https://www.freightwaves.com/news/matt-silver-launches-us-mexico-logistics-tech-startup-cargado

Borderlands: Stronger Mexican peso could pose challenges for US-Mexico trucking

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Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border...

https://www.freightwaves.com/news/borderlands-stronger-mexican-peso-could-pose-challenges-for-us-mexico-trucking

Arrive Logistics acquires Forager for cross-border FreightTech

Austin, Texas-based Arrive Logistics announced Tuesday it has acquired the cross-border freight platform Forager.

“By integrating Forager’s cross-border platform into our transportation management system, Arrive can continue to deliver and expand services to Forager’s customers while providing new capabilities to our existing partners,” said Matt Pyatt, founder and CEO of Arrive Logistics. “Through the network, expertise and technology of both organizations, Arrive will scale our cross-border...

https://www.freightwaves.com/news/arrive-logistics-acquires-forager-for-cross-border-freighttech

Borderlands: Mexico faces growing shortage of truck drivers

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Mexico faces growing shortage of truck drivers; Mexico creates new national customs agency; CBP expands Santa Teresa port of entry cargo capacity; and DHL Express to invest $360M in Americas infrastructure.

Shortage of truck drivers growing in Mexico, experts say

A perfect storm of factors is causing a growing shortage of truck drivers across Mexico, experts say. 

The...

https://www.freightwaves.com/news/mexico-faces-growing-shortage-of-truck-drivers

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