By Amy Edelen Reporter, Phoenix Business Journal
Arrive Logistics, a tech-focused freight brokerage headquartered in Austin, Texas, has entered the Phoenix market.
Arrive Logistics leased 15,000 square feet for a new office at 4940 South Wendler Drive in Tempe. More than 30 employees currently work at Arrive’s Tempe office and the company is looking to double that number this year, J-Ann Tio, chief strategy officer at Arrive Logistics, told the Business Journal.
“Moving forward, we will continue bringing on top talent for our Phoenix office,” she said. “The current space can accommodate just over 130 people.”
The company is looking to fill roles in sales, business development and accounting, Tio said. Arrive’s decision to open an office in Tempe was based on the Valley’s reputation as a “booming logistics hub” as well as proximity to the company’s shipping and carrier partners. In addition, Arrive polled current employees on potential relocation choices.
“Phoenix consistently ranks high on that list,” Tio said.
Arrive also recently opened an office in Columbus, Ohio, bringing the company’s total to seven nationwide. Last year, the company expanded to Tampa, Florida and San Antonio, Texas.
Arrive generated more than $2.3 billion in revenue last year. It has more than 1,700 employees and a network of 70,000 carriers. Its customers include US Foods, Kellogg’s Co., Dairy Farmers of America and Samsung Electronics Co. Ltd., according to the company’s website.
“Maintaining the scalability and success of Arrive will only accelerate as we focus on what is most important to our partners: quality service, pricing, and relationships,” Matt Pyatt, CEO and co-founder of Arrive Logistics, said in a statement. “Our continued investments in these key areas allow us to maintain growth that outperforms our peers and serves to benefit our customers, carriers and employees.”
The company in April 2021 announced a $300 million funding round led by New York City-based private equity firm ATL Partners. The money helped Arrive bounce back from a tumultuous 2020, when it had to lay off or furlough 10% of its workforce amid the onset of the Covid-19 pandemic. That raise followed a 2019 series B funding round that brought in $25 million.
This article was originally published in the Phoenix Business Journal on April 26, 2023 and was written by Amy Edelen.