ArcBest

ArcBest Corporation is a logistics company that provides a wide range of freight transportation and integrated logistics solutions globally. The company operates through three main segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment, primarily represented by ABF Freight, offers less-than-truckload services for various commodities, while also extending its services to Mexico through partnerships with local trucking companies. The ArcBest segment specializes in expedited freight and premium logistics services, including international transportation via air, ocean, and ground, as well as third-party brokerage and managed transportation solutions. Additionally, it provides warehousing, distribution, and relocation services for both individual and corporate clients. The FleetNet segment focuses on roadside assistance and maintenance management for commercial vehicles. Established in 1923 and headquartered in Fort Smith, Arkansas, ArcBest has grown significantly, now employing over 13,000 individuals dedicated to delivering effective logistics solutions and exceptional customer service.

Michael Newcity

Chief Innovation Officer and Senior Vice President

4 past transactions

REPOWR

Series A in 2023
REPOWR is a pioneering company that is transforming the transportation industry through its innovative asset-sharing platform tailored for over-the-road equipment such as trucks, trailers, and shipping containers. By creating a digital marketplace, REPOWR facilitates on-demand access to trailers for owner-operators and enhances visibility for logistics companies, including shippers, carriers, third-party logistics providers, and leasing firms. This collaborative platform enables users to efficiently share and manage assets across various locations and teams, promoting sustainable practices by reducing waste and underutilization of equipment. Through its Universal Trailer Network, REPOWR is redefining how transportation companies can optimize their resources and improve operational efficiency.

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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