BREAKINGCargomatic named Local Freight Carrier of the Year 2025 by Logistics Tech Outlook Drayage coverage expanded to all top 20 US ports Acquired ITG Transportation Services, June 2024 Founded 2013 at the Ports of LA & Long Beach ~$101M est. revenue · ~170 employees Sponsor of Manifest 2026 BREAKINGCargomatic named Local Freight Carrier of the Year 2025 by Logistics Tech Outlook Drayage coverage expanded to all top 20 US ports Acquired ITG Transportation Services, June 2024 Founded 2013 at the Ports of LA & Long Beach ~$101M est. revenue · ~170 employees Sponsor of Manifest 2026
Cargomatic logo
FIG. 1 - The square that wants to move your container. Photographed at rest; it prefers motion.
Company Logistics Marketplace Drayage
Long Beach, California · Est. 2013

Cargomatic

The first and largest marketplace for local freight - matching shippers with nearby trucks in real time, and turning the most boring stretch of the supply chain into a tap on a phone.

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The Yard, 6 A.M.

A truck idles at the gate. Cargomatic already knows where it's going.

Who they are now

At the Ports of Los Angeles and Long Beach, a container comes off a ship and waits. It has waited like this for a hundred years - for a driver, a chassis, a phone call, a fax. Somewhere a dispatcher is dialing a number that may not pick up. Multiply that small friction by every box on every dock and you have the quiet, expensive chaos that defines the first mile of American freight.

Cargomatic is the company that decided the waiting was optional. Today it runs a digital marketplace that connects shippers with local and regional trucking capacity in real time - drayage off the ports, intermodal across the rails, less-than-truckload, full-truckload, and the occasional white-glove delivery for cargo that prefers to be handled gently. A carrier with an empty afternoon opens an app, sees a nearby load on their route, and accepts it. The dock clears. The dispatcher exhales.

It is not glamorous work. Cargomatic has never pretended otherwise. The company's coverage now reaches all of the top 20 US ports, it employs roughly 170 people, and in March 2025 it was named Local Freight Carrier of the Year. The ambition is unfashionable and enormous: make the most overlooked part of logistics so smooth that nobody notices it at all.

"On-demand capacity for an on-demand world."

Cargomatic, company tagline
The Problem

Half the truck is empty. The other half is on hold.

The problem they saw

Here is a fact the trucking industry would rather you not dwell on: an enormous share of truck miles are run empty. A driver delivers a load, then deadheads back to the yard with nothing but air in the trailer. The capacity exists. It is simply invisible to the shipper three miles away who would gladly pay to fill it.

Short-haul and drayage freight made the problem worse. These are small, local, fragmented moves - thousands of independent owner-operators, no central directory, no standard way to find a load or a truck. The long-haul market had brokers and load boards. The local market had a phone, a Rolodex, and a lot of hope. The result was congestion at the ports, demurrage fees for shippers whose boxes sat too long, and drivers leaving money on the table every single trip.

The irony was almost too neat. The most local, most physical, most human corner of logistics - the one happening in plain sight at every port in the country - was also the least connected. Everybody could see the trucks. Nobody could see the capacity.

"Drayage is one of the oldest words in shipping - from the horse-drawn 'dray.' Cargomatic's move was to hand it a smartphone."

YesPress field notes
The Bet

Two founders bet that a truck could be hailed like a cab.

The founders' bet

In 2013, Brett Parker and Jonathan Kessler started Cargomatic on a premise that sounds obvious now and sounded slightly mad then: if a smartphone could match a passenger to the nearest driver, it could match a pallet to the nearest truck. Same physics, larger cargo, far worse paperwork.

They built it where the freight was thickest - the Ports of Los Angeles and Long Beach - and in 2015 the Port of Los Angeles itself was publicly experimenting with the technology to ease congestion. The early product was a two-sided marketplace: shippers posted loads, carriers with unused space claimed them, and Cargomatic handled the billing and the bills of lading that drivers had always dreaded.

The leadership matured around the bet. Richard Gerstein, who had earlier founded the multimodal logistics firm IntelliTrans and holds a Master's in Transportation Engineering from UC Berkeley, joined in 2017 and became CEO - a man who was optimizing supply chains before there was an app store to put one in. Around him sits a full operating bench: a chief revenue officer, a chief product and technology officer, a COO, a CFO, and a chief people officer. The startup grew up into an operator.

"If a smartphone can find you the nearest driver, it can find a pallet the nearest truck. Same physics - just heavier."

The founding premise, paraphrased

The Cargomatic Milestones

A decade of moving boxes that didn't want to move
2013

Founded

Brett Parker and Jonathan Kessler launch Cargomatic in Long Beach, targeting short-haul and drayage freight at the busiest US container gateways.

2015

Port of LA Spotlight

The Port of Los Angeles highlights Cargomatic's technology as a way to increase supply chain efficiency and cut congestion.

2016

Series A · $20.8M

Backed by Morado Ventures, Canaan Partners, Sherpa Capital and SV Angel to scale the freight-matching marketplace.

2017

Richard Gerstein Joins

The IntelliTrans founder comes aboard and steps into the CEO seat, sharpening the company's focus on local and regional transportation tech.

2018

Series B · $35M

Warburg Pincus, Canaan Partners and rail operator Genesee & Wyoming invest to expand the platform's reach.

2024

Acquires ITG Transportation

Cargomatic buys ITG Transportation Services (June 2024), adding trucking capacity and capabilities to the network.

2025

Carrier of the Year

Named Local Freight Carrier of the Year by Logistics Tech Outlook; drayage coverage now spans all top 20 US ports.

The Product

One platform for every kind of local freight.

What you can actually do with it

For a shipper, Cargomatic is a place to enter an origin, a destination, a weight, and a deadline - and then watch the system handle billing, paperwork, and real-time tracking instead of a clipboard. For a carrier, the Driver app is the whole job in a pocket: see nearby available shipments, accept one that's already on your route, get directions, photograph the bill of lading, and email proof of delivery without ever touching a fax machine.

Underneath sits smart routing and load bundling - the software that decides which trucks should carry which boxes, so fewer of them run empty. The service menu reads like the unglamorous backbone of commerce: drayage from the ports, intermodal across rail, full-truckload, less-than-truckload for shippers without their own fleets, and white-glove handling for freight that needs care. Cargomatic leans on its port and terminal relationships to pull cargo off congested docks days faster, which for a shipper translates directly into thousands of dollars saved in storage and demurrage.

The pitch to both sides is the same and refreshingly blunt: stop wasting the truck. The carrier earns on a trip that used to run empty. The shipper moves goods faster and cheaper. Cargomatic keeps the margin in the middle for making the match. Marketplace economics, applied to asphalt.

"The first and largest marketplace for local freight."

Cargomatic, About page

Following the money

DISCLOSED FUNDING ROUNDS · USD MILLIONS
Series A '16
$20.8M
Series B '18
$35.0M
Est. revenue
~$101M

Sources: Wikipedia, DC Velocity, Crunchbase, third-party revenue estimate. Bars scaled for comparison; revenue is an approximate market estimate, not an audited figure.

2013
Founded
20
Top US ports covered
~170
Employees
5
Freight modes
The Proof

The receipts: ports, partners, and a purchase.

Customers, data, partnerships

Marketplaces live or die on density, and Cargomatic spent a decade building it where it mattered most. Its customer base runs from small and mid-sized shippers without dedicated fleets to large enterprises moving freight off the busiest docks in the hemisphere, matched against a network of independent and small-fleet carriers looking to fill the trip home.

The proof shows up in the relationships. The Port of Los Angeles put Cargomatic forward as a congestion-fighting technology back in 2015. Rail operator Genesee & Wyoming joined as a strategic investor in the Series B. And in June 2024, Cargomatic stopped only matching trucks and bought some: its acquisition of ITG Transportation Services folded real trucking capacity into the platform - a marketplace deciding it wanted a stake in the asphalt itself.

Then came the recognition the industry hands out sparingly. In March 2025, Logistics Tech Outlook named Cargomatic Local Freight Carrier of the Year, and the company signed on as a sponsor of Manifest 2026, the supply chain world's annual gathering. None of it is loud. All of it suggests the boring bet is working.

"A marketplace that decided it wanted a stake in the asphalt - in 2024 Cargomatic stopped just matching trucks and started buying them."

On the ITG Transportation acquisition
The Margins

Five things that amuse and inform

Born at the busiest gate. Cargomatic grew up at the Ports of LA and Long Beach, where "a truck waiting in line" is practically a regional pastime.

Found money. Its core insight is unglamorous but huge - a large share of truck miles run empty, and matching backhauls is cash sitting in plain sight.

A CEO who did the math first. Richard Gerstein founded IntelliTrans and holds a Master's in Transportation Engineering from UC Berkeley - optimizing supply chains before it was an app category.

Death of the fax. The Driver app lets a trucker accept a job, navigate, photograph the bill of lading and email proof of delivery - in freight, genuinely revolutionary.

The Mission

Make the first mile so smooth nobody notices it.

The mission & why it matters tomorrow

Cargomatic's mission has stayed stubbornly consistent: build the first and largest marketplace for local freight, eliminate empty miles, and bring transparency to a corner of logistics that ran on phone calls and guesswork. It is the kind of goal that wins no design awards and quietly reshapes an economy.

The reason it matters tomorrow is the reason it mattered the day it started, only more so. Ports are more congested. E-commerce expects same-day everything. Carbon counts now, and an empty truck is both wasted money and wasted emissions. Every load Cargomatic bundles onto a route that was running anyway is a small win on cost, speed, and sustainability at once - the rare three-for-one in a famously thin-margin business.

So return to the yard. The truck still idles at the gate at six in the morning. But now the load is already assigned, the paperwork is already moving, and the driver is already heading somewhere useful instead of waiting on a phone that might not ring. The container does not sit for a hundred years. It moves. That is the entire point, and Cargomatic has spent a decade making it look ordinary.

"An empty truck is wasted money and wasted carbon. Fill it, and you win on cost, speed, and emissions at once."

Why the boring bet matters
Watch

See the Driver app in motion

Product walkthrough

▶ Cargomatic Mobile App - New Drayage Walkthrough