Matt Silver

Forager’s Silver: Shared vision key to finding the right investors

Matt Silver, the CEO and co-founder of Forager, with Michael Vincent during FreightWaves' FreightTech Venture summit

When it comes to finding a good capital partner, Matt Silver, the co-founder and CEO of cross-border digital freight marketplace Forager, said the startup has been lucky to attract backers who understand its business. Among them: Montreal-based TFI International (NYSE:TFII), one of the largest trucking and logistics companies in North America, led Forager’s pre-seed round. 

“You’re looking for someone who believes in what you’re doing equally with what they’re doing, and they buy into your...

https://s29755.pcdn.co/news/foragers-silver-shared-vision-key-to-finding-the-right-investors

Choice: The secret ingredient to creating a cross-border marketplace (with video)

Creating a cross-border marketplace from scratch is a tough business, but Forager CEO and co-founder Matt Silver looked to tech giants like Amazon, eBay and Airbnb for inspiration.

“It’s not about thinking how we used to do this back in the day, it’s how do we do this differently now,” Silver said. “We want shippers and carriers to be able to have choice on what they do on a daily basis. We want to position this technology as a way for people to grow their businesses.” 

Forager is a freight tech...

https://www.freightwaves.com/news/choice-the-secret-ingredient-to-a-successful-marketplace

Borderlands: Truck capacity tight near Mexican border; millions in drugs found in shipments of ketchup and onions

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Truck capacity tight near Mexican border; drugs found in shipments of ketchup and onions; DHL opens new foreign trade zone in El Paso; and Commerce opens inquiry aimed at Mexican wire mesh.

Freight volumes rising across Texas as border capacity tightens

Long-haul freight volumes are rising across Texas — especially in Houston, Laredo, San Antonio and Austin — with...

https://s29755.pcdn.co/news/borderlands:-truck-capacity-tight-near-mexican-border;-millions-in-drugs-found-in-shipments-of-ketchup-and-onions

Logistics startup Forager secures more investors

Forager, a Chicago-based freight tech startup firm, recently snagged three new investors as the company continues to grow.

Proeza Ventures, Industrious Ventures and Purple Arch Ventures have been added to Forager’s Series A round of financing, which initially closed in March and is now oversubscribed at $10.5 million.

The funding will allow Forager to continue to enhance the company and expand its technology platform SCOUT, said Matt Silver, founder and chief executive officer of Forager.

“We had...

https://s29755.pcdn.co/news/logistics-startup-forager-secures-more-investors

Volatile US-Mexico auto industry disrupts border trucking capacity

As the coronavirus pandemic continues to hit auto supply chains hard, trucking capacity has been volatile at key ports of entry along the United States-Mexico border.

In Laredo, Texas, outbound tender volume (OTVI.LRD) has fallen slightly over last week, while outbound tender rejections (OTRI.LRD) have spiked during the same time, setting upward pressure on rates, according to FreightWaves’ SONAR platform.

The Outbound Tender Reject Index for Laredo, Texas, (OTRI.LRD) on FreightWaves’ SONAR...

https://s29755.pcdn.co/news/volatile-us-mexico-auto-industry-disrupts-border-trucking-capacity

Borderlands: U.S. supply chains’ future could be tied to Mexico and USMCA; Forager celebrates Laredo’s history as international port

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: U.S. supply chains’ future could be tied to Mexico and USMCA; Forager celebrates Laredo’s history as an international port; CBP aims to keep Mother’s Day flowers pest-free; Dachser Mexico offers new customs house brokerage services.

U.S. supply chains’ future could be tied to Mexico and USMCA

Mexican President Andres Manuel Lopez Obrador recently said border factories...

https://s29755.pcdn.co/news/borderlands-u-s-supply-chains-future-could-be-tied-to-mexico-and-usmca-forager-celebrates-laredos-history-as-international-port

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