Cargo X

Cargo X is a Brazilian logistics technology company founded in 2013, with its digital platform launched in 2016.

It connects cargo owners with truck drivers through technology, machine learning, and data science, aiming to optimize cargo movement and eliminate inefficiencies in traditional transport. Cargo X operates as a fully connected digital ecosystem, often described as the "Uber for truckers." Headquartered in São Paulo, Brazil, Cargo X became a unicorn in 2021, achieving a valuation exceeding $1 billion. The company has raised over $200 million from notable investors, including Goldman Sachs and George Soros. Its services include a digital freight matching platform that reduces empty return trips, data science and AI for route optimization, and financial services tailored for the logistics sector. Cargo X plans to lend up to R$ 1 billion to transporters by 2026. The platform serves a diverse range of clients, including major companies like Heineken and Unilever, as well as approximately 1.2 million truck drivers and over 12,000 logistics companies.