What is Cycle Logistics?
Cycle Logistics operates as a comprehensive transportation and distribution enterprise headquartered in Itasca, Illinois. The company distinguishes itself through a commitment to high-quality service delivered with a personalized approach. Its service portfolio encompasses a broad spectrum of options, including Truckload, Less Than Truckload (LTL), Local Cartage, and Dedicated Contract Cartage. Furthermore, Cycle Logistics maintains a courier fleet exceeding 75 vehicles, adept at handling small package shipments for various shippers. Complementing its transportation services, the company offers over 100,000 square feet of climate-controlled storage, positioning itself as a versatile partner capable of addressing diverse and time-sensitive shipping requirements.
How much funding has Cycle Logistics raised?
Cycle Logistics has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Cycle Logistics?
The recent large-scale late-stage funding indicates Cycle Logistics is poised for significant growth and operational scaling. This strategic capital infusion is likely to be directed towards enhancing fleet capacity, expanding warehousing infrastructure, and potentially investing in advanced logistics technology to optimize distribution networks and customer service. The company's focus on a full-service model, from LTL to dedicated contract cartage and courier services, suggests a strategy aimed at capturing a larger market share by offering integrated solutions. Future developments may include geographic expansion or the acquisition of complementary logistics businesses to further solidify its market position.
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