Cargomatic is a real-time on demand network for Local Truck Availability. Shippers can submit loads and instantly find nearby trucks to service their needs.
about the company
COO & Founder of Cargomatic.
Jonathan is the co-founder and CEO of transportation and delivery company Cargomatic, a platform that connects shippers with local freight carriers for short-range deliveries. By filling excess capacity trucks, Cargomatic limits automobile emissions and lowers shipping costs, earning it the title of “Uber for Trucking” from Crain’s New York. Trained as an engineer, Jonathan has also founded companies in mobile technology and audio/video software.
Cargomatic in the press
Quite a few startups are competing for the title of Uber of Trucking in the US of A. Not to be out-Ubered, Uber has started its own on-demand trucking platform, Uber Freight. It’s less of an “Uber of Trucking” than the rest on this list, but still a significant regional player in the digitization of trucking. Uber of the AmericasNeighbors north and south of the borders of the United States are also vying to be the Uber of Trucking. Founded only last year, Madrid-based OnTruck has hauled in about $12 million, with a $10 million Series A in May.
Many of these trucking tech companies focus on connecting truckers and shippers more efficiently, and providing real-time status updates. We used the CB Insights platform to surface 12 notable, early-stage startups developing software platforms specifically aimed at disrupting the trucking industry. EmailSeries A trucking tech companies to watch1. Freightera LogisticsHeadquarters: Vancouver, CanadaDisclosed funding: $1.68MSelect Investors: Robson Capital Partners, Ted Snider FinancialFreightera Logistics is an online marketplace for freight shipping. ZuumHeadquarters: Ontario, CaliforniaDisclosed funding: $100KSelect Investors: Victor GarciaZuum provides a platform to connect shippers and truckers locally and nationally within the US.
The plan builds on Uber’s July acquisition of Otto, a self-driving trucking company that Uber bought for $65 million. The first product from Uber Freight is a marketplace to connect a shipper with a truck, much like the Uber app connects drivers and riders today. To start, the Uber Freight marketplace will eliminate that middle man and offer shippers real-time pricing of what it will cost to move their goods based on supply and demand. Berdinis is betting that Uber’s intellectual property and worldwide operations team will make Uber Freight the winner in the “Uber for trucking” space. The Uber Freight marketplace has soft-launched and is working with a handful of shippers and carriers over the next few months before officially launching early next year.
The plan builds on Uber's acquisition of Otto, a self-driving trucking company that Uber bought in July for $650 million. "Even though we started with the announcement of the self-driving trucks, we were always intending to build a marketplace that would allow self-driving trucks to flourish." Those plans have accelerated, and in the four months since it was acquired by Uber, the company has already soft-launched its new trucking business, Uber Freight. The first product from Uber Freight is a marketplace to connect a shipper with a truck, much like the Uber app connects drivers and riders. The Uber Freight marketplace has soft-launched and is working with a handful of shippers and carriers over the next few months before officially launching early next year.
On Wall Street, Goldman Sachs asked all its interns about their habits, hopes, and dreams — here are their answers. Here’s a definitive breakdown of the sorry state of investment banking, and here’s a chart that should strike fear into traders everywhere. Here are the top Wall Street headlines at midday:Get ready for the ‘return of volatility’ — With Labour Day behind us and summer unofficially over, markets should get busy again. Here’s why healthcare costs seem as if they’re skyrocketing — Healthcare costs are actually growing at the slowest rate in decades. Morgan Stanley’s top stock strategist has 4 reasons the stock market is going a lot higher — Morgan Stanley’s Adam Parker is bullish, and he has a few reasons.
Here’s the technology news you need to know to start off your week. How “Uber for truckers” Cargomatic burned through $15 million (£11.2 million) as it quietly pivoted away from being a tech company at all. Amazon built a wall of hay bales around its secret drone test site in Cambridgeshire to stop people looking in. Its secret drone site is hidden away in the English countryside. NOW WATCH: Tech Insider videosBusiness Insider Emails & Alerts Site highlights each day to your inbox.
The trucking industry, still vital to transporting goods across our globalized world, has attracted yet another tech startup to its doorstep. The company had previously raised a $4 million Series A round led by Valor. Though most people probably don't think about it, the trucking industry is still massive. It is estimated that there are 15.5 million trucks, more than 3.5 million truck drivers, and 1.2 million companies operating in the U.S. alone. Earlier this year, Cargomatic closed an $8 million Series A from Canaan Partners for a similar service.
Cargomatic is changing the local trucking industry for shippers and small-fleet trucking companies by modernizing the way that logistics are managed. “Have you ever thought about what happens after you click, "buy” on a website? Or wondered how Amazon can deliver a product to your door the same day that you ordered it? Logistics is a fascinating, mostly invisible industry that is undergoing radical transformation, thanks to the Internet and mobile technology. Cargomatic is at the forefront of this disruptive change.
Jonathan Kessler, CEO of “Uber for trucking” startup Cargomatic is stepping out of the role, the company confirmed to DC Velocity, which first reported the news. Its hiring spree had come to a dead stop in early 2016, a source told Business Insider’s Lara O’Reilly, who first reported the layoffs. They were completely blindsided,” the source told Business Insider at the time. NOW WATCH: Tech Insider videosBusiness Insider Emails & Alerts Site highlights each day to your inbox. Email Address JoinFollow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.
Jonathan Kessler, CEO of "Uber for trucking" startup Cargomatic is stepping out of the role, the company confirmed to DC Velocity, which first reported the news. Its hiring spree had come to a dead stop in early 2016, a source told Business Insider's Lara O'Reilly, who first reported the layoffs. They were completely blindsided," the source told Business Insider at the time. Kessler had cofounded Cargomatic alongside president Brett Parker in 2013 with the hope of tackling a broken trucking industry. I will continue my involvement with Cargomatic as a Board Director and consulting as the Chief Product Officer.
Cargomatic/Facebook Cargomatic provides an app that connects shippers that want to send goods with truckers who can deliver them. They were completely blindsided.”Cargomatic confirmed the layoffs with Business Insider, although the company wouldn’t confirm the number of jobs cut. The former employee, a source close to the company, and reviews on the anonymous employer rating service Glassdoor said 50% of jobs were axed — around 50 to 60 staff. “Key to growing a successful company is knowing where to staff appropriately”LinkedIn Cargomatic cofounder and CEO Jonathan Kessler. The four current job openings on the company’s website are for two engineers, an enterprise sales executive, and an inside sales representative.
For nimble and opportunistic founders, the shift toward mobile is a monumental opportunity to stake ownership in a newly dominant platform. Smart founders can build software for mobile from the ground up instead of populating it with scraps from prior infrastructures. This could prove to be fruitful terrain for founders, and perhaps even more impactful than the Force.com platform. Mobile applications solving problems in the fieldAs with any new computing platform, there will be an entirely new set of use cases and usage models that haven’t yet been addressed. About 15 years ago, the Internet triggered a platform shift in the delivery of enterprise software; a wave of cloud startups quickly unseated the kings of the server era.
Jonathan Zweig: AdColony AdColonyVisit their siteView company profileZweig graduated from UCLA with a degree in Computer Science and Engineering in 2000. Richard Rosenblatt: Demand Media Demand MediaVisit their siteView company profile, WhipClip WhipClipVisit their siteView company profileAfter graduating from UCLA undergrad, Richard went on to receive his JD from USC’s Gould School of Law. Brian Lee: Shoedazzle ShoedazzleVisit their siteView company profile, The Honest Company The Honest CompanyVisit their siteView company profile, LegalZoom LegalZoomVisit their siteView company profileOne of the most active and recognizable names in the LA tech world, Brian Lee received both a BA in Economics (1993) and a JD (1996). Roy Rubin: Magento MagentoVisit their siteView company profileRubin founded Magento (formerly known as Varien) with fellow UCLA student Yoav Kutner in the early 2000s. Richard Wolpert: HelloTech HelloTechVisit their siteView company profileWolpert received his degree in Math and Computer Science in 1984.
Mobile-based Freight Brokerage Market: Key Findings, North America, 2014–2025Market Size 2014 Mobile-based freight brokerage is a nascent market, with a penetration rate lower than %, generating approximately $ million in total revenues. Forecast (2014–2025)The total mobile-based freight brokerage market is expected to grow at a CAGR of % and generate $ billion in revenue in 2025. Forecasts examine the growth potential of freight brokerage enabled through mobile platforms with regard to business models, freight logistics, driver solutions, and estimated adoption timelines. Read the full report: http://www.reportlinker.com/p03247161-summary/view-report.htmlAbout Reportlinker ReportLinker is an award-winning market research solution. NEW YORK, Dec. 31, 2015 /PRNewswire/ -- Uber Model for Trucking Poised to Revolutionize Freight MobilityThis research service analyzes the North American heavy-duty truck mobile-based freight brokerage market, including an assessment of market dynamics such as industry challenges, market and technology trends, value proposition, Mega Trend implications, and market forecasts.
And it’s coming from the freight companies, it’s coming from huge tech companies, and it’s coming from an exploding number of startups. Growing demand for transparent logistics, changing industry mindsets, big data-technology, flexible supply chains, and growing demand for cross-border e-commerce is setting 2016 as the year freight goes online. Other incumbents, like the world’s biggest ocean freight forwarder, Kuehne+Nagel, are revamping technology to enable online booking for less-than-container load (LCL) shipping. He has founded and led multiple tech companies, some of which have been acquired by companies like IBM, GE, and VerticalNet. Transfix ($14.5 million, November 2015), Trucker Path ($20 million, June 2015), Cargo Chief ($10 million, September 2015), Quicargo, and others are also in the race.
Jefferson Graham counts down his top 10 favorite #TalkingTech interviews of 2015, highlighted by driving with the mayor of Los Angeles in a semi-self-driving car, a meetup with ZZ Top guitarist Billy Gibbons and visit by mom to the podcast studio. So who else but Judy Graham could top my annual list of favorite #TalkingTech interviews of the year? Waze exec Di-Ann Eisnor thinks so, and explains why to Jefferson Graham on #TalkingTech. Sean FujiwaraThanks for watching and listening to #TalkingTech everyone--17 million downloads in 2015! Follow Jefferson Graham on Twitter, @jeffersongraham, watch his #TalkingTech series on USA TODAY weekly, and catch the audio podcast daily on Stitcher, TuneIn, iTunes and SoundCloud.
After several months of beta testing, the company has officially launched service in the San Francisco Bay Area, including San Francisco, Oakland, San Jose and beyond. SAN FRANCISCO, Dec. 16, 2015 /PRNewswire/ -- Cargomatic is bringing the local trucking revolution to Northern California. "The San Francisco Bay Area is the heart of technological innovation, and also an enormous transportation hub, so bringing Cargomatic here was a natural fit," says Cargomatic co-founder and CEO Jonathan Kessler. Now, shippers and truckers throughout Northern California can utilize Cargomatic to help decrease delivery times and increase profits. Cargomatic's web and mobile apps seamlessly connect shippers to nearby local truckers who have available freight capacity.
Short-haul trucker Kent Brookover has been using the Convoy app for months as part of the company’s beta program. When a shipper using the Convoy platform inputs the specs for a job, registered truckers immediately see it pop on on the Convoy app on their smartphone. Called Convoy, the company moves out of stealth mode Tuesday with an app and algorithms that act as a middleman. Truckers then get an alert through a Convoy smartphone app, which lists the fee for the haul. Shippers punch in parameters onto the Convoy site, ranging from addresses to cargo weight, which generates a price for the job.
• Invalid email address. • Must enter an email address. • Invalid entry: Please type the verification code again. • You must enter the verification code below to send. An error has occured and your email has not been sent.
Now, without further ado we introduce Built In LA's top 50 startups to watch in 2015. Playsino found that casino-centric games haven’t changed in hundreds of years and that change needs to happen in the growing, socially-connected online world. The company uses an Android app platform and cloud-based software to make the process on-demand and easy to track. In 2014, they were on track to do more than $60 million in sales and also announced that they raised $50 million. )Investors significantly increased their bets on LA digital technology companies in 2014, funding over 250 startups and buying up 80.
The startup, which is backed with $2.6 million in venture capital, sees Los Angeles’ inefficiency not as a problem, but as a possibility. Anytime a shipper in Los Angeles needs something moved they put their job on Cargomatic and nearby truckers are notified. To solve that problem the Cargomatic app shows shippers where their requested truck is on a map and readies them as it approaches their warehouse. Ask anyone who has sat in Los Angeles traffic if things move efficiently in the city and you’re bound to get a dead stare. Currently available on Android, and eventually iOS, the app works as a dispatch for a network of hundreds of trucks throughout Los Angeles.
This $2.6 million seed round was led by SV Angel, Morado Ventures and Sherpa Ventures. Sherpa Ventures founder Shervin Pishevar was also an early backer of Uber. With $2.6 million in funding, Venice-based Cargomatic is hoping to revolutionize local shipping by connecting people who ship often and in short distances to nearby truck drivers with extra space. Via an app and web-based software, Cargomatic’s platform aggregates available space from local carriers and offers real-time rate quotes that shippers can instantly book. Cargomatic is facilitating over 100 deliveries a day, with the average shipper paying about $120 per booking.