Arrive Logistics will move to larger offices in Chicago and Austin, Texas, to accommodate the rapid growth in volume for the 3-year-old freight broker.
The company transfered from a 3,500-square-foot office to a 10,000-square-foot office in the same building in Chicago. Arrive Logistics is also expected to double the size of its Austin headquarters to 30,000 square feet and anticipates adding 150 employees in 2017.
“We are thrilled to be growing at such tremendous rate,” CEO Matt Pyatt said. “It is well-known that Chicago is a hub for logistics companies like ours so the talent pool is enormous and taking care of our employees is paramount. The team in Chicago are some of the best in the industry, and we are pleased to give them the space and tools they need to be at their best.”
Arrive Logistics President Eric Dunigan told Transport Topics that due to the expansion, the company expects to hire 250 additional employees in the next year.
“Our goal is to get to a billion dollars in revenue in the next five years,” he said.
Arrive also stated that the company is on pace to meet its 2017 of projections of moving more than 100,000 loads, earning over $120 million in top-line revenue.
Arrive ranks No. 73 on the Transport Topics sector list of freight brokerage firms in North America. In 2016, its top-line revenue was $59 million and net revenue was $8 million.