Arrive Logistics, a freight brokerage, secured a $300 million investment to expand services and hire more staff. The funding, from ATL, British Columbia Investment Management Corporation, Temasek, and the Baupost Group, will help the company grow beyond its current full-truckload services, focusing on less-than-truckload and intermodal offerings. Arrive plans to hire 1,000 people annually for three years, aiming to exceed $1.2 billion in revenue this year.

AUSTIN, Texas , Feb. 14, 2024 /PRNewswire/ -- Arrive Logistics, a leading multimodal transportation and technology company headquartered in Austin, Texas, announces the opening of its office in Guadalajara, Mexico. The established Guadalajara location signifies the company's dedication to its growing customer base in Mexico and leverages the rich talent pool of industry expertise and resources in the region.Arrive has invested heavily for three consecutive years in expanding its cross-border operation and technology, providing solutions to its customers requiring multimodal services. Increased trade activity between the U.S. and Mexico has also raised the demand for localized resources to service the growing number of companies establishing manufacturing and transportation operations in Mexico.Scott Sandager, Chief Administrative Officer at Arrive Logistics, commented, "The opening of our new office in Guadalajara marks a significant milestone for Arrive as we continue to expand our footprint in Mexico. This investment in our team and technology solidifies our position as a leader in cross-border logistics solutions."Jess Billedo, Arrive Logistics' General Manager of Mexico, leads the Guadalajara office