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Miami wins logistics award
MIAMI: May 21, 2018. Miami International Airport w...

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VGI acquires stake in Kerry Express
HONG KONG: May 17, 2018. Thailand's VGI Global has...

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ABC and Pactl strike up pharma MoU
SHANGHAI: May 18, 2018. AirBridgeCargo Airlines (A...

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AAL scoops shipping line award
SHANGHAI: May 17, 2018. Breakbulk and heavy lift o...

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Berlin ground handlers to cooperate
BERLIN: May 17, 2018. Ground handling agents AHS B...

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Hactl logistics arm strikes PRD partnership
HONG KONG: May 14, 2018. Hactl's logistics arm Hon...

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MSC begins rail service between Italy and Austria for Lidl
TRIESTE: May 17, 2018. The Mediterranean Shipping ...

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Maersk reports “unsatisfactory” Q1 results
COPENHAGEN: May 17, 2018. A.P. Møller - M&a...

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Miami wins logistics award
VGI acquires stake in Kerry Express
ABC and Pactl strike up pharma MoU
AAL scoops shipping line award
Berlin ground handlers to cooperate
Hactl logistics arm strikes PRD partnership
MSC begins rail service between Italy and Austria...
Panalpina adds third Mexico destination to air cargo...
Maersk reports “unsatisfactory” Q1 results

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DARIEN, CT: February 08, 2018. Railroad company Genesee & Wyoming has invested in Cargomatic, a technology platform connecting shippers and truck carriers with a focus on short-haul markets. Terms were not disclosed.

GW BRIDGE Founded in 2013, Cargomatic facilitates increased truck capacity, real-time tracking and transportation solutions for shippers while providing owner-operator and smaller truck carriers traffic volume visibility and operational flexibility.

Commenting on the new partnership CEO Richard Gerstein commented: "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.

Operating in Los Angeles, San Francisco, Chicago, Seattle, Dallas, Houston and New York markets, Cargomatic says it plans to expand internationally.

G&W chief commercial officer Michael Miller added: "In addition to our investment in Cargomatic we are pleased to add the Cargomatic platform as an extension of G&W's rail service at terminal and transload locations across [our] U.S. rail network and to work with the Cargomatic team as they expand to Europe and Australia."

In addition to G&W, Cargomatic investors include Canaan Partners, Volvo Group Venture Capital, Xplorer Capital, Morado Venture Partners, Acequia Capital, SV Angel, Muse Family Enterprises, Structure Capital and Sherpa Capital.

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