Arcbest Builds On Commitment To Innovative Technology With $25 Million Investment In Phantom Auto

Jan 19, 2022•over 3 years ago

Amount Raised

$25 Million

Description

ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has invested $25MM in Phantom Auto, the leading provider of human-centered remote operation software. As part of the company's agreement to be the lead investor of Phantom Auto's Series B Preferred offering, Michael Newcity, ArcBest Chief Innovation Officer and President of ArcBest Technologies, will join the Phantom Auto Board of Directors.

Company Information

Company

Arc Best

About

ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across more than 250 campuses and service centers, the company is a logistics powerhouse, fueled by the simple notion of finding a way to get the job done. Through innovative thinking, agility and trust, ArcBest leverages their full suite of shipping and logistics solutions to meet customers' critical needs, each and every day. For more information, visit arcb.com.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Arcbest Builds On Commitment To Innovative Technology With $25 Million Investment In Phantom Auto

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