Mountain View, Cal. , June 10, 2016 (GLOBE NEWSWIRE) -- Cargo Chief, a tech-enabled third party logistics provider (3PL) that unlocks hidden transportation capacity by empowering trucking carriers and providing superior service to shippers, announced today that it has been named as a Red Herring Top 100 award winner.
Cargo Chief was founded in 2012 to find inefficiencies in the transportation process and solve shipping capacity problems for hundreds of customers on a daily basis, including multiple Fortune 100 companies.
By making loads available to their network of 500,000+ nationwide trucks, Cargo Chief can source any shipment using patented, proprietary aggregation and machine learning technology. Cargo Chief’s carrier search provides shippers the best capacity options for their loads, instantly. Once the load is out on the road, Cargo Chief’s Cargo Locate® provides real-time, 24/7 on-map location tracking.
“Cargo Chief was launched to crack the code on transportation capacity,” said Cargo Chief CEO and co-founder Russell Jones. “Being named to the 2016 Red Herring Top 100 is great validation for the success we’ve had in providing superior service to our shipping customers as well as empowering the hard-working carriers in our network from all around the country.”
Since 1996, the Red Herring has selected the Top 100 America award winners from approximately 1,200 privately financed companies each year in the US and Canada. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.
“In 2016, selecting the top achievers was extremely difficult,” said Alex Vieux, publisher and CEO of
Red Herring. “The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation.”
Red Herring’s editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
About Cargo Chief
Founded by logistics experts and executives frustrated with transportation inefficiencies, Cargo Chief unlocks hidden carrier capacity with patented, award-winning technology created by the combination of Silicon Valley ingenuity and deep freight industry expertise and relationships. Cargo Chief provides superior logistical services while improving efficiencies for shippers and empowering carriers. Please visit www.CargoChief.com.