A story of building what didn't exist for Mexico and Canada freight
Mexico and Canada freight has always been complex. For decades, the industry worked around it. We decided to build for it.
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2007: Matt Silver grew up in freight.
He was a kid around his dad's freight business and started at Coyote Logistics as an intern at 19.
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2014: Mexico freight still ran on Nextel radios.
Matt launched Coyote's Mexico business. Cross-border loads moved on Nextel radios and who you knew, with seven or eight parties on every shipment.
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2018: Forager taught the lesson behind Cargado.
Matt founded Forager, a Mexico and Canada digital brokerage that Arrive Logistics acquired in 2022. Cargado was built as a marketplace for brokers, not another brokerage.
“You can either be a service provider or a tech company. You cannot be both at the same time.”
Advice Matt got while building Forager -
2023: Brokers kept asking for a real marketplace.
Mexico had become the U.S.'s No. 1 trading partner, with no modern marketplace and no real rate data. In October, Matt teamed up with Rylan Hawkins, who joined Convoy from Microsoft and spent eight years there. He built Convoy Go and Convoy for Brokers, which let brokers cover loads with Convoy's carriers. Now they'd build that for Mexico and Canada.
Matt Silver
Co-founder and CEO
Coyote Mexico · Forager · Arrive
Rylan Hawkins
Co-founder and CTO
Microsoft · Convoy
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2024: Cargado went live on a Thursday in April.
Cargado means “loaded” in Spanish. After meeting carriers face to face in Laredo, we launched with three brokers and 200 carriers. By Monday, carriers were bidding.
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2025: Canada, Market Rates and a Series A.
The marketplace expanded into Canada and domestic Mexico. We launched Market Rates, built on live carrier bids, and the Excel Add-In, and raised a $12M Series A led by LGVP.
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Today: Hundreds of brokers and 2,400+ carriers.
Day one Today Carriers 200 2,400+ Brokers 3 Hundreds That includes 8 of the 10 largest logistics companies in North America. Every carrier is vetted before it can bid, and we meet brokers before they join. Two straight FreightTech 25 top-10 finishes and $22M raised.
Prefer to hear it told? Matt tells the whole story on the podcasts page, from Bloomberg's Odd Lots to The Freight Pod.
In the 2010s and before, the industry used Nextel walkie-talkies to move Mexico freight.
Then it moved to WhatsApp, LinkedIn, and tech built for domestic freight, patching together networks through emails and word of mouth. “The tools we have weren’t built for this.” Matt Silver had lived that frustration for a decade, launching Coyote Mexico at Coyote Logistics in 2014, then founding Forager, the cross-border freight platform he sold to Arrive Logistics. And on call after call, the same question kept coming up: why is there no modern marketplace, and no real rate data, for Mexico freight?
By 2023, Mexico had become the U.S.’s No. 1 trading partner, Canada its second.
Nearly $1.6 trillion in goods trade was moving across North American borders (Census/BTS). Nearshoring was accelerating. But the tech still hadn’t caught up. In October that year, Matt teamed up with Rylan Hawkins, an engineering leader from Microsoft and Convoy, to build the modern marketplace for Mexico and Canada freight. Two months later the team was in Laredo, meeting carriers face to face: the in-person vetting that still defines the network today.
Cargado, which means “loaded" in Spanish, went live on a Thursday in April 2024.
It started with three brokers and 200 carriers. That first day, a few loads posted, but there were no carrier notifications yet, so nobody was bidding. By Monday, with a few calls to carriers and a few more loads posted, carriers started bidding and matching with brokers.
In 2025, the Cargado marketplace expanded into Canada and domestic Mexico.
We also launched Cargado Market Rates, powered by live carrier bids, and the Excel Add-In to help brokers price and win freight faster. In April, we raised a $12M Series A led by LGVP, fueling our mission to connect brokers and carriers across Mexico and Canada through modern tools, a vetted carrier network, and structured communication.
Today, hundreds of brokers and 2,400+ carriers use Cargado to move Mexico and Canada freight.
Mexico and Canada freight isn't inherently impossible. It has just been underserved by a modern workflow and modern market data. We're building the marketplace and infrastructure layer, so brokers can reliably find capacity, run clean execution across multiple legs, and price with confidence using real carrier bids.
Hundreds of brokers are on Cargado, including 8 of the 10 largest logistics companies in North America, alongside 2,400+ vetted carriers. We built it vetted on purpose: brokers we meet before onboarding, vetted carriers, and relationships that compound instead of resetting with every load. The industry has noticed, with back-to-back top-10 finishes on the FreightWaves FreightTech 25 (#10, then #9) and $22M raised to keep building. And we're just getting started: Cargado's future is loaded with promise and plans.
Prefer to hear it told? Matt tells the whole story on the podcasts page, from Bloomberg's Odd Lots to The Freight Pod.
To make cross-border freight interconnected, dependable, and transparent for every broker and carrier moving goods across North America.
Meet the team
Our values
Obsess Over Customers
We work to deeply understand every broker and carrier who uses Cargado and prioritize their needs above our own. We balance immediate feedback with forward-thinking innovation, building not just for today but for the future of the industry.
Seek Truth,
Use Data
We ground our work in facts, ask hard questions, and challenge our own assumptions. Curiosity drives us to understand the "why" behind every problem. We balance thoughtful analysis with decisive action.
Win As
a Team
We put shared success above individual recognition. We communicate honestly, challenge ideas with respect, and fully commit once a path is chosen. Outcomes over ego. Progress over pride.
Move With Velocity, Take Accountability
We move fast but in the right direction. We take full ownership of outcomes, not just tasks. We act with urgency and initiative, and we're resourceful enough to unblock ourselves before asking for answers.
Our investors
Life at Cargado
Cargado is distributed across North America. We're a small, fast-moving team of freight operators, engineers, and builders who use AI as a daily multiplier.
We'd make room for one person: a chief of staff who is further down the AI rabbit hole than our CEO. The careers page has the details.
Join us
Cargado is distributed across North America. We're a small, fast-moving team of freight operators, engineers, and builders who use AI as a daily multiplier. We're not hiring right now. Our careers page explains the one exception.
Cargado in the news
News and releases
All release notes →All press coverage →Visit the media hub →
Integrated Mexico and Canada capacity in Tai TMS
Connect Tai TMS (Tai + Descartes) to Cargado's marketplace of 2,400+ vetted carriers in Mexico and Canada. Post loads under your rules, get carrier bids back in Tai, and confirm covered loads in Cargado Chat.
See how the integration worksDark mode
Cargado now has a dark theme on every screen, for brokers and carriers.
Cargado release notesMarket Rates in MXN and CAD
Get market rates in Mexican pesos or Canadian dollars, in the app and the API.
Cargado release notesCargado and GoodShip partner on cross-border freight benchmarks
Cargado's Mexico and Canada lane benchmarks, inside GoodShip's procurement workflows.
CargadoThe Cargado mobile and desktop apps
Cargado on the App Store and Google Play, with desktop apps for Mac and Windows.
CargadoCargado Introduces Cargado Chat
Launch coverage of Cargado Chat, the freight-first messaging hub.
FreightCaviar2026 FreightTech 25 winners revealed onstage at F3
Cargado climbs to #9 on the FreightTech 25: back-to-back top-10 finishes after debuting at #10 the year before.
FreightWaves