Arrive Logistics

Company officials explained that the driver for this new office is focused on meeting increased demand in cross-border services, in tandem with February U.S. Census Bureau data indicating Mexico has moved past China as the leading exporter to the U.S. for the first time since 2002.

While nearshoring can be a risk mitigation tool, it’s important for businesses to consider the differences between countries, including cultural, trade and even weather patterns.

Company officials said that this office can hold up to 350 employees and represents what Arrive called a continuation of its strategic expansion goals, driven by more than $300 million in funds raised in 2021.

Logistics Management Group News Editor Jeff Berman recently spoke wirth Matt Pyatt, CEO and co-founder of Austin, Texas-based freight brokerage and transportation management services provider Arrive Logistics. Pyatt provided Berman with an overview of various industry topics, including: the truckload spot and contract market, the freight economy, capacity, and the possibility of more of a North American-driven supply chain, among others.

Arrive officials said that this investment is comprised of a combination of primary and secondary equity, with ATL acquiring a significant minority equity stake in Arrive, as well as the company’s largest investor.

Austin, Texas-based freight brokerage and transportation management services provider Arrive Logistics said this week it has closed on a $25 million Series B equity financing. This round of financing was led by Lead Edge Capital.