What is Arc Transit?
Arc Transit, originally LoadMatch Logistics founded in 2006, operates as a comprehensive freight brokerage and logistics solutions provider. The company initially focused on assisting exporters with securing compatible empty import containers for their bookings, serving industries such as forest products, waste paper, scrap metal, and agricultural products. As export volumes surged, Arc Transit strategically expanded its services to include import logistics, rapidly growing its import operations by late 2008. To enhance communication and efficiency between customers and trucking partners, the company developed its proprietary database management tool, LoadTrack. Further vertical integration occurred with the formation of subsidiary trucking operations, LML Express, Inc. in 2011, 123 Express, Inc. in 2012, and Veterans Express, Inc. in 2013, aimed at controlling costs, improving quality, and expanding capacity. With a current team of 23 employees and over 110 owner-operators active across Southeast US ports, Arc Transit offers robust supply chain management.
How much funding has Arc Transit raised?
Arc Transit has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Arc Transit
PPP
Public-Private Partnership
What's next for Arc Transit?
The substantial capital infusion, particularly the recent major strategic investment, positions Arc Transit for significant expansion and operational enhancement. As a late-stage company, this financing is likely earmarked for scaling its existing services, potentially expanding its geographic reach, and further developing its proprietary LoadTrack technology. Arc Transit may also explore strategic acquisitions or partnerships to solidify its market leadership in freight brokerage and logistics, leveraging its established infrastructure and subsidiary trucking operations to capture greater market share and optimize supply chain efficiencies.
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