Cargomatic has secured $35 million in additional funding from Warburg Pincus to continue expanding its load-matching business for drayage and shorthaul trucking markets, according to the San Francisco-based firm.

Genesee & Wyoming Inc., a rail freight carrier with operations in North America, Australia and Europe, has purchased a stake in Cargomatic, a Long Beach, Calif.-based firm that uses a mobile app to connect shippers with local truck drivers.

Freight technology firm Cargomatic, which offers a mobile app that connects shippers and local truckers with available hauling capacity, confirmed that it recently laid off part of its workforce.

Cargomatic, which provides a technology platform that connects shippers and carriers, has expanded its service to Northern California.

Cargomatic, which makes an app for trucking that matches cargo loads to available trucks — in a similar way to the Uber app that matches riders with drivers — has hired Sean Whiteley to be its new chief operating officer.