||United States : G&W invests in, forms strategic partnership with Cargomatic
||Genesee & Wyoming (G&W) has invested in and formed a strategic partnership with Cargomatic, a technology platform connecting shippers and truck carriers with a focus on short-haul markets.
The company did not disclose terms of the investment. Established in 2013 and based in Long Beach, Calif., Cargomatic is focused on the fragmented short-haul and drayage trucking markets connecting shippers and carriers real-time via its web platform and apps.
The Cargomatic platform eases enhanced truck capacity, real-time tracking and an effective transport solution for shippers while providing owner-operator and smaller truck carriers visibility to traffic volumes and operational flexibility.
Cargomatic, which currently operates in Los Angeles, San Francisco, Chicago, Seattle, Dallas, Houston and New York, is expanding across the U.S. with plans to grow globally.
G&W chief commercial officer Michael Miller stated: The Cargomatic team has built a world-class platform combining the best of technology and streamlined processes to connect shippers and carriers to drive supply chain efficiency. In addition to our investment in Cargomatic, we are pleased to add the Cargomatic platform as an extension of G&Ws rail service at terminal and transload locations across G&Ws U.S. rail network and to work with the Cargomatic team as they expand internationally to Europe and Australia. By extending our first and last mile service offering, Cargomatic not only improves the efficiency of first and last mile logistics between rail and road, but it also simplifies the multimodal touchpoints for our customers.
Cargomatic CEO Richard Gerstein added: This relationship with G&W will create unprecedented transparency and facilitate ease-of-use for first and last mile logistics networks associated with rail; setting the stage for what we view as the semi-autonomous future of transportation: scalable long-haul rail, one train hauling hundreds of containers and railcars - with local, human powered pickup and delivery.
BACK TO TOP