A story of building what didn't exist for domestic Canada and Canada–U.S. cross-border freight
Canadian freight has always been complex. For decades, brokers ran domestic Canada and Canada–U.S. lanes on tools built for someone else. We decided to build for it—with Mexico ready on the same login when you need it.
For decades, cross-border freight ran on walkie-talkies, spreadsheets, and legacy load boards that never kept up.
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 the carrier-broker frustration for years—first at Coyote Logistics, where he started Coyote Mexico in 2014, then at Forager, the cross-border freight platform he later sold to Arrive Logistics.
By 2023, Canada and the U.S. were each other’s top trading partners, with roughly $3.6B in goods crossing the border every day.
Nearly $2 trillion was moving across North American borders. Cross-border volumes were accelerating. But the tech still hadn’t caught up. In October that year, Matt teamed up with Rylan Hawkins, of Microsoft and Convoy, to build the modern marketplace for Canadian and cross-border freight. By December, the team was meeting with carriers across the network.
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 went live for domestic Canada and Canada–U.S. cross-border—with Mexico on the same login.
We also launched Cargado Market Rates—real-time rates from 100,000+ verified carrier bids across 7,000+ lanes, a live alternative to stale historical averages from legacy load boards—plus an Excel plug-in that pulls Canada–U.S. rates into an RFP in seconds. In April, we raised a $12M Series A led by LGVP, fuelling our mission to connect brokers and carriers across Canada, the U.S., and Mexico through modern tools, vetted relationships, and structured communication.
Today, ~750+ carriers service Canada on Cargado, with market rates drawn from 100,000+ verified bids across 7,000+ lanes.
Canadian freight isn’t inherently hard—it’s just been underserved by a modern workflow and modern market data. We’re building the marketplace and infrastructure layer so brokers can run all their Canada freight in one place: intra-Canada and Canada–U.S. (northbound and southbound) with vetted recurring capacity, market rates defensible in an RFP, in CAD or USD, English ou en Français—and Mexico as upside on the same login.
Half of the top 100 freight brokerages are on Cargado, alongside hundreds of thousands of trucks—and we’re just getting started. Cargado’s future is loaded with promise and plans.
To make freight interconnected, dependable, and transparent for every broker and carrier moving goods across Canada, the U.S., and Mexico.
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
Join us
Cargado is distributed across North America, with boots on the ground in Canada—Blake Bolton (Canada Marketplace Lead, ex-Challenger) and Kenny Falardeau on carriers, with team in Toronto, Cambridge, and Montréal—plus a presence in Chicago and Seattle and shared workspace across the continent. We’re a small, fast-moving team of freight operators, engineers, and builders who use AI as a daily multiplier. If you want to help reshape how goods move across Canada and North America, we’d love to hear from you.
