The logistics startup Nuvocargo launches a new transport platform,

NEW YORK, June 29, 2022 (GLOBE NEWSWIRE) — Nuvocargothe first all-in-one digital platform focused on cross-border trade between the United States and Mexico, today announced the launch of its Carrier Platform, which helps streamline billing and payments for road carriers.

Nuvocargo also announced that Jonathan Rojasformer vice president of Transfix, joined the company as a procurement manager to lead the carrier sales and operations team and execute the deployment of its carrier platform to customers.

In December 2021, Nuvocargo announced its first transportation product, QuickPay for Carriers, a cash advance product for carriers in Nuvocargo’s marketplace. It was very well received: QuickPay’s annualized transaction volume execution rate increased by more than 900% from Q4 2021 to Q1 2022, with average weekly growth since launch of more than 50%, and now accounts for more than 40% of Nuvocargo transactions. Building on this success, Nuvocargo’s carrier platform helps carriers get paid faster, save time on billing, and reduce friction from multiple touchpoints and data sources, all from a single, centralized and easy-to-use source.

“After talking in depth with our carriers, we discovered that the industry’s existing billing processes were a major point of inefficiency in their operation, leading to payment delays, said Anaid Chacón, Product Manager at Nuvocargo. “Nuvocargo’s carrier platform tracks all invoices and load details in one place, helping carriers streamline billing. On average, carriers who have adopted this solution see a time saving of 1-3 hours per day, giving them more time to grow their business.

Available in English and Spanish, Nuvocargo’s carrier platform offers carriers a single place to:

  • Download invoices, surcharges and proof of delivery
  • Review all the information needed to issue an invoice and bill of lading supplement to comply with tax regulations in Mexico and the United States.
  • To access Fast payment (payment within 48 hours) in one click
  • Find and manage loads served over a period of time
  • View pending and paid invoices

Rojas takes on a new key role at growing Nuvocargo
In his new role on the Nuvocargo leadership team, Rojas reports to Nuvocargo co-founder and CEO Deepak Chhugani, leading the company’s growing carrier sales and operations team at the launch of the new carrier platform to customers. With over 10 years of transportation expertise and experience in startups and freight, Rojas knows how to build a trucking startup for exponential growth and scale. Most recently, he was Vice President of Carrier Management and Operations at Transfix, where he helped the company grow to hundreds of employees and a valuation of approximately $1 billion as well as hundreds of millions of revenue dollars. He holds a degree in finance from the University of Central Florida.

“Carriers are at the very heart of what we do at Nuvocargo and our efforts have been focused on providing them with a simpler experience that they cannot find anywhere else. Carriers are essential not only to grow our market, but also to provide best-in-class service to our shippers,” Chhugani said. “In addition to developing user-friendly technology to streamline their operations, Nuvocargo is constantly looking to bring in unique talent to lead our efforts. Jonathan is the perfect person to lead this effort – his experience in startups and freight will undoubtedly give us an advantage as we develop Nuvocargo for exponential growth and scale.

“The trade lane between the United States and Mexico is one of the most important in the world, but it has many fragmented and outdated processes,” Rojas said. “Nuvocargo’s technology is transforming the flow of goods between the two countries, and our leadership team is made up of a unique mix of high-calibre experts from different industries and start-ups who are focused on driving the innovation in this space. It was this combination that attracted me to the business.

Nuvocargo closed 2021 with 5x revenue growth over 2020 and tripled its workforce to nearly 100. In 2022, the company is still seeing strong demand from shippers and carriers.

To learn more, visit https://www.nuvocargo.com/.

About Nuvocargo
LatAm logistics start-up Nuvocargo is the first all-in-one digital platform focused on cross-border trade between the United States and Mexico – one of the largest trade routes in the world. Modernizing a $2 billion industry that relied primarily on paper, growing Nuvocargo combines proprietary software with a team of bilingual experts to seamlessly and seamlessly manage end-to-end freight movement on a single platform. -form. The company has the most experience on both sides of the border, one-stop access to hard-to-get routes, and complementary services such as warehousing, insurance and financing – everything a shipper or carrier needs. need to simplify logistics. Nuvocargo is backed by over $40 million in funding from Tiger Global, QED Investors, NFX, Y Combinator, among others. Nuvocargo has been recognized in YC Top Companies 2022 and ranked as the second most innovative company in Latin America by fast business. Learn more about nuvocargo.com/en.

Media Contact:
Michael Faulkner
617-510-6998
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a156d44-20d7-4168-9dec-2b955707597f

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