CargoX is transforming Brazil's trucking industry through technology

CargoX is transforming Brazil's trucking industry through technology

Funds IPO M&A People Corporate & Sovereign Strategy Economy & Policy Argentina Brazil

Taking a break between high school and college, Federico Vega set off on an extended bike tour through Latin America in 1999. Starting out from his home in Puerto Madryn on the Argentine coast, he snaked his way north deep into Brazil. Travelling some 1,500 kilometers (930 miles) in all, he stopped at various truck stops along way to grab some sleep, maybe get something to eat. It was during those pit stops that Vega would hang out with truckers who would readily share their stories. Many grumbled about low wages and transport companies that failed to pay them. Highway robbery was yet another danger in addition to the crumbling roads. Vega eventually went on to college and a career as an i

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