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

3 past transactions

REPOWR

Series A in 2023
Developer of a networking marketplace designed for business-to-business truck and trailer rentals. The company's marketplace brings visibility and value to untapped equipment supplies and also makes it available to carriers, on-demand, enabling logistics companies to lease and share assets to reduce waste and underutilization.

Phantom Auto

Series B in 2022
Phantom Auto Inc. specializes in developing teleoperation software that enables trained operators to remotely control autonomous vehicles when they cannot operate independently. Founded in 2016 and headquartered in Mountain View, California, with an additional research and development center in Tel Aviv, Israel, Phantom Auto's technology is applicable to a wide range of vehicles, including passenger cars, trucks, shuttles, industrial vehicles, and delivery robots. The company's platform features low-latency communication software, an application programming interface for real-time driving assistance, and training services for remote operators. By facilitating remote control of vehicles in challenging conditions, such as construction zones or adverse weather, Phantom Auto supports the safe testing and deployment of autonomous vehicles globally.

MoLo Solutions

Acquisition in 2021
MoLo Solutions is a third-party logistics (3PL) provider focused on simplifying supply chain processes for the transportation industry. The company specializes in freight brokerage services, connecting businesses in sectors such as food, beverages, plastics, paper, and metals with truck drivers capable of transporting their goods. By leveraging a competitive team, an elite training program, and advanced technology, MoLo Solutions ensures end-to-end transparency throughout the shipping process, facilitating efficient connections between shippers and receivers. This approach aims to alleviate the complexities often associated with logistics and transportation.
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