Cargomatic (business)
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Cargomatic (business)
Cargomatic is a logistics company founded in 2013 by Brett Parker & Jonathan Kessler, based in Long Beach, California specifically targeting the fragmented short-haul and drayage trucking markets connecting shippers and carriers real-time with its crowdshipping web platform and mobile app. Focus The company focuses on assisting shippers and carriers in the trucking industry through the following segments: Funding In 2016, at the close of Series A funding, Cargomatic raised a total of $20.8M from investors including Morado Ventures, Canaan Partners, Sherpa Capital, and SV Angel. In 2018, Cargomatic raised $35M in its Series B funding from Warburg Pincus, Canaan Partners and Genesee & Wyoming Genesee & Wyoming Inc. (G&W) is an American short line railroad holding company, that owns or maintains an interest in 122 railroads in the United States, Canada, Belgium, Netherlands, Poland, United Kingdom and formerly Australia. It operates .... References Companies based in L ...
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Logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of customers or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items. In military science, logistics is concerned with maintaining army supply lines while disrupting those of the enemy, since an armed force without resources and transportation is defenseless. Military logistics was already practiced in the ancient world and as the modern military has a significant need for logistics solutions, advanced implementations have been developed. In military logistics, logistics officers manage how and when to move resources to the places they are needed. Logistics management is the part of supply chain management and supply chain engine ...
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Port Of Long Beach
The Port of Long Beach, also known as the Harbor Department of the City of Long Beach, is a container port in the United States, which adjoins Port of Los Angeles. Acting as a major gateway for US–Asian trade, the port occupies of land with of waterfront in the city of Long Beach, California. The Port of Long Beach is located less than two miles (3 km) southwest of Downtown Long Beach and approximately south of Downtown Los Angeles. The seaport generates approximately $100 billion per year in trade and employs more than 316,000 people in Southern California. Early history (1911–1960s) The San Pedro Breakwater was started in 1899 and over time was expanded to protect the current site of the Port of Long Beach. The Port of Long Beach was founded on of mudflats on June 24, 1911, at the mouth of the Los Angeles River. In 1917, the first Board of Harbor Commissioners was formed to supervise harbor operations. Due to the booming economy, Long Beach voters approv ...
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Warburg Pincus
Warburg Pincus LLC is a global private equity firm, headquartered in New York, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. The firm currently has over $80 billion in assets under management and invests in a range of sectors including retail, industrial manufacturing, energy, financial services, health care, technology, media, and real estate. Warburg Pincus is a growth investor. Warburg Pincus has raised 21 private equity funds which have invested over $100 billion in over 1,000 companies in 40 countries. Warburg Pincus invested in the information and communication technology sectors, including investments in Avaya, Bharti Tele-Ventures, Harbour Networks, NeuStar, PayScale, and Telcordia. History Founding and early history In 1939, Eric Warburg of the Warburg banking family founded a company under the name E.M. Warburg & Co. Its first address was 52 William Street, New York ...
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SV Angel
Ronald Crawford Conway (born March 9, 1951) is an American venture capitalist and philanthropist. He has been described as one of Silicon Valley's "super angels". Early career Conway graduated from San Jose State University with a bachelor's degree in political science. Conway worked with National Semiconductor Corporation in marketing positions from 1973 to 1979, and at Altos Computer Systems as president and CEO from 1988 to 1990. He was the CEO of Personal Training Systems (PTS) from 1991 to 1995. PTS was acquired by SmartForce/SkillSoft. Investing Conway began angel investing in the mid-1990s, with investments in Marimba Systems, Red Herring magazine, and others. He raised $4 million for his first venture capital fund, called Adam Ventures, in 1997. In December 1998 he started Angel Investors LP, a venture capital firm. Within two months he had raised $30 million for its first fund, Angel Investors I. Angel Investors closed on its second fund, Angel Investors II, at the ...
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Sherpa Capital
Sherpa Capital is an American venture capital firm established in March 2013 by Shervin Pishevar and Scott Stanford. Based in San Francisco, CA, Sherpa Capital specializes in early stage and growth startups ranging from e-commerce to technology. Founding and history Sherpa Capital was established in March 2013 by Shervin Pishevar and Scott Stanford in San Francisco. It specializes in early stage and growth startups ranging from e-commerce to technology. In 2016, Sherpa Capital raised $470 million for their latest fund: Sherpa Everest Fund and Sherpa Ventures Fund II. Pishevar and Stanford closed their first fund, Sherpa Ventures Fund I, for $154 million. Portfolio of investments Their investments have included: Shyp, Munchery and Airbnb. It was one of the first investors in fintech startup Cadre, which raised $50 million in 2015. Some others were Thrive Capital, Founders Fund, General Catalyst, Khosla Ventures, and Kushner Companies. According to ''Real Estate Weekly'', Cadr ...
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Canaan Partners
Canaan (; Phoenician: 𐤊𐤍𐤏𐤍 – ; he, כְּנַעַן – , in pausa – ; grc-bib, Χανααν – ;The current scholarly edition of the Greek Old Testament spells the word without any accents, cf. Septuaginta : id est Vetus Testamentum graece iuxta LXX interpretes. 2. ed. / recogn. et emendavit Robert Hanhart. Stuttgart : Dt. Bibelges., 2006 . However, in modern Greek the accentuation is , while the current (28th) scholarly edition of the New Testament has . ar, كَنْعَانُ – ) was a Semitic-speaking civilization and region in the Ancient Near East during the late 2nd millennium BC. Canaan had significant geopolitical importance in the Late Bronze Age Amarna Period (14th century BC) as the area where the spheres of interest of the Egyptian, Hittite, Mitanni and Assyrian Empires converged or overlapped. Much of present-day knowledge about Canaan stems from archaeological excavation in this area at sites such as Tel Hazor, Tel Megiddo, En Esur, a ...
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Less Than Truckload Shipping
Less-than-truckload shipping or less than load (LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately . Full truckload carriers move entire semi-trailers. Semi-trailers are typically between and require a substantial amount of freight to make such transportation economical. The term ''LTL'' can refer to the freight itself, or to the carrier that transports the such freight. LTL operations vs. FTL operations Full truck load (FTL) carriers typically haul loads for one single shipper. In these cases, the shipper "rents" a trailer to transport their product where it needs to go, typically paying a "per mile rate" from the carrier. However with LTL, a single trailer can carry several different shipper's shipments and since each shipment is technically "less than a truckload" they would consider that to be LTL. Due to the bas ...
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Port Of Los Angeles
The Port of Los Angeles is a seaport managed by the Los Angeles Harbor Department, a unit of the City of Los Angeles. It occupies of land and water with of waterfront and adjoins the separate Port of Long Beach. Promoted as "America's Port", the port is located in San Pedro Bay in the San Pedro and Wilmington neighborhoods of Los Angeles, approximately south of downtown. The cargo coming into the port represents approximately 20% of all cargo coming into the United States. The port's channel depth is . The port has 25 cargo terminals, 82 container cranes, 8 container terminals, and of on-dock rail. The port's top imports were furniture, automobile parts, apparel, footwear, and electronics. In 2019, the port's top exports were wastepaper, pet and animal feed, scrap metal and soybeans. As of a report from the port released 2020, its top three trading partners were China (including Hong Kong), Japan, and Vietnam. As of 2022, the port, together with the adjoining Port of Lon ...
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Long Beach, California
Long Beach is a city in Los Angeles County, California. It is the 42nd-most populous city in the United States, with a population of 466,742 as of 2020. A charter city, Long Beach is the seventh-most populous city in California. Incorporated in 1897, Long Beach lies in Southern California in the southern part of Los Angeles County. Long Beach is approximately south of downtown Los Angeles, and is part of the Gateway Cities region. The Port of Long Beach is the second busiest container port in the United States and is among the world's largest shipping ports. The city is over an oilfield with minor wells both directly beneath the city as well as offshore. The city is known for its waterfront attractions, including the permanently docked and the Aquarium of the Pacific. Long Beach also hosts the Grand Prix of Long Beach, an IndyCar race and the Long Beach Pride Festival and Parade. California State University, Long Beach, one of the largest universities in California b ...
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Drayage
Drayage is the transport of goods over a short distance in the shipping and logistics industries. Drayage is often part of a longer overall move, such as from a ship to a warehouse. Some research defines it specifically as "a truck pickup from or delivery to a seaport, border point, inland port, or intermodal terminal with both the trip origin and destination in the same urban area". Port drayage is the term used when describing short hauls from ports and other areas to nearby locations. It can also refer to the movement of goods within large buildings such as convention centers. Drayage is a key aspect of the transfer of shipments to and from other means of transportation. The term drayage is also used for the fee paid for such services. Domestic drayage is when product from a marine container is transloaded into a 53-foot domestic container and then moved inland. Marine drayage is when the product remains in the marine container until it reaches its final destination. Every i ...
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Temporary Work
Temporary work or temporary employment (also called gigs) refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization. Temporary employees are sometimes called "contractual", "seasonal", "interim", "casual staff", "outsourcing", " freelance"; or the words may be shortened to "temps". In some instances, temporary, highly skilled professionals (particularly in the white-collar worker fields, such as human resources, research and development, engineering, and accounting) refer to themselves as consultants. Increasingly, executive-level positions (e.g. CEO, CIO, CFO, CMO, CSO) are also filled with Interim Executives or Fractional Executives. Temporary work is different from secondment, which is the assignment of a member of one organisation to another organisation for a temporary period, and where the employee typically retains their salary and other employment rights from their primary o ...
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