MoLo Solutions

Brokerage M&A continues: Cheema adds Walker Logistics to portfolio

Brokerages remain hot M&A targets

Cheema Logistics announced the acquisition of 3PL provider Walker Logistics on Tuesday.

Founded in 2003, Missoula, Montana-based Walker Logistics brokers dry van, flatbed, refrigerated, expedited and partial truckloads in the U.S. and Canada through a network of approved motor carriers. The group also provides less-than-truckload brokerage services.

Terms of the transaction were not disclosed.

“We are thrilled to have added the capabilities, customers and all employees of Walker Logistics to the...

https://www.freightwaves.com/news/brokerage-ma-continues-cheema-adds-walker-logistics-to-portfolio

Check Call: The Future of Digital Freight Matching

Group of people huddled around desks
Image: Memegenerator.net

Automate the things you hate. In a world in which everyone is racing to improve daily processes and create more time in the day, it’s easiest to start with those things that are a daily pain point within an organization. 

Digital freight matching is designed so that a carrier can just tap and go, meaning the carrier taps to accept a load at a posted rate and then it hits the road. It serves as one of those things that can help alleviate some of the issues brokers have...

https://www.freightwaves.com/news/check-call-the-future-of-digital-freight-matching

ArcBest sees billions of dollars in opportunities with MoLo acquisition

ArcBest executing on two fronts

ArcBest (NASDAQ: ARCB) took a big step toward bridging the gap to a long-term goal Wednesday with the acquisition of Chicago-based truckload broker MoLo Solutions. The deal advances a key initiative for the Fort Smith, Arkansas-based logistics and less-than-truckload provider — to grow its asset-light operations to a level equal to its asset-based trucking unit.

MoLo’s $600 million in expected revenue for 2021 pushes ArcBest’s consolidated annual top line to $4.1 billion, with asset-light...

https://www.freightwaves.com/news/arcbest-sees-billions-in-opportunities-from-molo-acquisition

ArcBest to acquire MoLo for $235M, potential for future earnout

ArcBest builds out brokerage in deal for MoLo

ArcBest (NASDAQ: ARCB) announced Wednesday after the market close it is acquiring Chicago-based truckload broker MoLo for $235 million in cash upfront with a potential earnout based on adjusted EBITDA targets from 2023 through 2025.

MoLo is expected to generate revenue of approximately $600 million in 2021 and will double ArcBest’s platform to 70,000 carriers. The deal will make ArcBest a top-15 truck broker in the U.S.

The deal is expected to deliver earnings accretion, excluding...

https://www.freightwaves.com/news/arcbest-to-acquire-molo-for-235m-potential-for-future-earnout

199 transportation and logistics companies make the Inc. 5000 list

Third-party logistics provider MoLo Solutions was the top-ranked transportation and logistics company on the 2021 Inc. 5000 list of the fastest-growing privately held firms in the U.S. 

The Chicago-based company debuted on the list at No. 41 overall, experiencing revenue growth of 7,597% between 2017 to 2020.

In all, 199 transportation and logistics companies – including software providers related to the freight industry – made the list this year. It was a 19% increase over 2020, when 176...

https://www.freightwaves.com/news/199-transportation-and-logistics-companies-make-the-inc-5000-list

9 logistics companies named to Inc.’s Best Workplaces

Nine logistics companies were recognized on Inc. magazine’s sixth annual list of Best Workplaces. 

The list is the result of a wide-ranging measurement of American companies that have created exceptional workplaces and company culture, whether their teams are operating in person or remotely.

Collecting data from thousands of submissions, Inc.singled out 429 honorees this year. Each nominated company took part in a comprehensive employee survey, conducted by Quantum Workplace, on topics including...

https://www.freightwaves.com/news/9-logistics-companies-named-to-inc-s-best-workplaces

Hot market creating a ‘war’ for freight brokerage talent

On Monday, Amit Mehrotra, an analyst at Deutsche Bank, stated that due to customer demand, low inventory levels, housing demand and federal stimulus, the current market constraints on trucking and international container capacity are likely to continue into 2023.

Shippers are moving to a “stronger for longer” pricing cycle, he said, pointing to many retailers increasing their transportation cost projections and retailers already beginning to increase prices by 10% to 20%.

This hot market...

https://s29755.pcdn.co/news/hot-market-creating-a-war-for-freight-brokerage-talent

MoLo Solutions opens Nashville office

Music City native and MoLo VP Ryan Dent to run Tennessee branch

On Wednesday morning, Chicago-based freight brokerage MoLo Solutions announced the opening of its first branch office in Nashville, Tennessee. The new office is located downtown in the Life & Casualty Tower, a 30-story skyscraper built from limestone and glass.

MoLo launched Nashville with 23 employees led by Ryan Dent, vice president of carrier sales and pricing. Prior to joining MoLo in 2019, Dent spent nine years climbing the...

https://www.freightwaves.com/news/molo-solutions-opens-nashville-office

Creating a culture with MoLo Solutions CEO Andrew Silver – FreightWaves Insiders

On this episode of FreightWaves Insiders, Dooner catches up with MoLo Solutions CEO Andrew Silver to talk about building a culture in freight. MoLo solutions was just included on Forbes’ list of America’s Best Startups to Work For in 2021.

Silver is a multigenerational freight prodigy who cut his teeth at Coyote Logistics before joining MoLo as its CEO. Since that time business has been booming, and his employees have been thriving. On today’s show he’ll tell us how to build a freight culture...

https://s29755.pcdn.co/news/creating-a-culture-with-molo-solutions-ceo-andrew-silver-freightwaves-insiders

Sizing up the future of contract freight in uncertain times

from left: Kyle Lintner, principal and managing director at K-Ratio; MoLo Solutions CEO Andrew Silver; Josh Phelan, vice president of finance at J.B. Hunt Transport; and Michael Carlisle, logistics operations director at United States Cold Storage discuss contract freight at the FreightWaves North American Supply Chain Summit.

It’s freight-bidding season again as carriers, brokers and third-party logistics providers vie for shipper contracts for 2021. But good luck trying to forecast for the coming year with so many unknowns in the economy and the pandemic.

“It’s an understatement to say the unknown has never been greater than it is right now,”  Kyle Lintner, principal and managing director at K-Ratio, said during the FreightWaves North American Supply Chain Summit on Tuesday.

Lintner led a lively discussion about the...

https://s29755.pcdn.co/news/sizing-up-the-future-of-contract-freight-in-uncertain-times

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