GOCARGO.COM CEASES OPERATIONS
GoCargo.com, the New York-based online Web site for booking cargo, has ceased operations.
In a short letter to its creditors, the company said it had received written notice of default from its secured lenders, Silicon Valley Bank and GATX Capital, who foreclosed on GoCargo's loans and took possession of all assets.
Repeated attempts to reach the company and Eyal S. Goldwerger, chief executive officer, have been unsuccessful.