ArcBest

ArcBest is a logistics company offering comprehensive shipping solutions. It operates through three segments: Asset-Based (less-than-truckload services), ArcBest (expedite freight transportation, premium logistics, and international freight services), and FleetNet (roadside assistance for commercial vehicles). Headquartered in Fort Smith, Arkansas, the company serves businesses of all sizes, providing tailored solutions to meet complex transportation needs.

Michael Newcity

Chief Innovation Officer and Senior Vice President

4 past transactions

REPOWR

Series A in 2023
REPOWR is revolutionizing transportation asset management by pioneering the world's first connected, collaborative platform for sharing trucks, trailers, chassis, shipping containers, and other over-the-road equipment. It connects shippers, carriers, logistics providers, leasing companies, and OEMs to enhance asset visibility, efficiency, and sustainability.

Phantom Auto

Series B in 2022
Phantom Auto Inc. is a software company that specializes in remote operation solutions for autonomous vehicles. Founded in 2016 and headquartered in Mountain View, California, with an additional office in Tel Aviv, Israel, Phantom Auto develops a platform that enables remote drivers to operate a variety of vehicles, including passenger cars, yard trucks, forklifts, and delivery robots. This technology allows for the remote monitoring and operation of these vehicles from significant distances, enhancing safety and productivity in diverse environments such as construction zones and adverse weather conditions. By facilitating the remote operation of unmanned vehicles, Phantom Auto aims to improve labor accessibility and operational efficiency across logistics and other industries.

MoLo Solutions

Acquisition in 2021
MoLo Solutions is a third-party logistics provider focused on simplifying the complexities of the supply chain for the transportation industry. The company offers a range of freight brokerage services, connecting businesses with truck drivers to facilitate the shipment of goods across various sectors, including food, beverages, plastics, paper, and metals. With a dedicated team, an elite training program, and the use of modern technology, MoLo Solutions ensures end-to-end transparency in the shipping process, enhancing efficiency for both shippers and receivers.

Logistics & Distribution Services

Acquisition in 2017
Logistics & Distribution Services, Corp. is a transportation and logistics company based in Reno, Nevada, specializing in the movement of goods across the continental United States and Canada. The company primarily focuses on providing comprehensive logistics solutions within the 11 western states. Its services include transportation, warehousing, storage, shipment, and tracking, ensuring efficient and reliable delivery of products. With a commitment to meeting the diverse needs of its clients, Logistics & Distribution Services plays a crucial role in facilitating supply chain operations and optimizing distribution processes in the region.
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