Imagine a logistics partner that not only solves current transportation challenges but also anticipates future obstacles and prepares solutions in advance. This vision is becoming reality at Arrive Logistics, an Austin, Texas-based freight brokerage and transportation management services provider that recently announced securing over $300 million in funding led by ATL Partners.
Capital Infusion Propels Rapid Expansion
The investment round, consisting of both primary and secondary equity investments, positions ATL Partners as Arrive Logistics' largest investor. Other participants included The Baupost Group, British Columbia Investment Management Corporation, and Temasek. The transaction brings three logistics and technology veterans—Andrew Clarke, Jerome Lorrain, and Paul Bell—to Arrive Logistics' board, with Clarke assuming the chairman role.
Prior to this latest funding, Arrive Logistics had raised $50 million since 2018 through four rounds:
- June 2018 (Series A) — $12.5 million
- June 2019 (Series B) — $25 million
- April 2020 (Series C) — $15 million
- April 2021 (Series D) — Over $300 million
The company has grown remarkably from its 2014 founding with just 10 employees to its current workforce exceeding 1,000 across its Austin headquarters and Chicago office. Previous funding helped drive revenue growth from $530 million in 2019 to $810 million in 2020, with projections exceeding $1.2 billion for 2021.
Customer-Centric Service Enhancements
Arrive Logistics plans to deploy the new capital across three key areas to benefit customers and carriers:
Talent Development: The company will expand its workforce by over 1,000 employees annually across all departments, including 24/7 service teams and coverage groups. This investment in human capital aims to maintain exceptional service quality throughout all operational aspects.
Service Diversification: While currently deriving 95% of business from full truckload (FTL) services, Arrive Logistics will expand its less-than-truckload (LTL) and intermodal offerings. The company is also evaluating expansion into cross-border, expedited, and international shipping services.
Technology Innovation: Arrive Logistics will increase its annual technology investment from $20 million in 2021 to $30 million over the next five years. As one of few brokerages with a proprietary transportation management system (TMS), the company leverages machine learning and automation to streamline supply chains and enhance service quality for shippers and carriers.
Strategic Alignment for Future Growth
The partnership with ATL Partners reflects shared vision for logistics industry evolution. Arrive Logistics will focus its technological investments on enhancing its proprietary TMS, using data analytics to optimize processes and provide actionable insights for partners.
The company's approach centers on delivering seamless experiences through efficiency-focused tools and integrations, allowing partners to conduct business according to their preferences. This latest funding round positions Arrive Logistics to further develop its technology infrastructure, expand service offerings, and grow its team to meet evolving industry demands.