ArcBest Named a 2024 FreightTech 25 Most Innovative Company
15 Novembro 2023 - 11:30AM
Business Wire
Integrated logistics company recognized for
industry-leading innovation in the freight technology sector
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics,
announced today that the company has been named to the prestigious
2024 FreightTech 25, ranking No. 20 among the most innovative and
disruptive companies changing the transportation industry’s tech
landscape. This year’s list honors industry veterans and newcomers
who have made a notable impact in a difficult environment for tech
companies.
“ArcBest’s innovative spirit is a strong part of our company’s
culture, and we aren’t afraid to disrupt ourselves and our
industry,” said Judy R. McReynolds, ArcBest chairman, president and
CEO. “As the transportation and logistics industry rapidly evolves,
we’re making strategic investments in technology that help us solve
our customers’ toughest challenges and enable them to serve their
customers well. Being selected for the FreightTech 25 for the first
time reflects our heightened focus on building smarter, faster and
more efficient solutions that enhance our customers’ businesses and
drive our industry forward.”
With a 100-year history of innovation, ArcBest is focused on
helping customers navigate industry challenges by finding the most
efficient ways to keep freight moving and businesses growing. The
company’s tech stack includes solutions for shippers and carriers
and offers full digital connectivity, end-to-end visibility, robust
reporting, intuitive freight management, the highest security
standards and groundbreaking innovation. ArcBest invests nearly
$150 million annually in technology and innovation, with half of
that focused on strategic projects and transformative initiatives.
Examples of this include utilizing Generative AI to increase
efficiency in the company’s own operations and in its customers’
operations and developing new technologies that advance the
intralogistics industry.
“The logistics industry is in a pivotal moment in time, and
we’re responding to that by tracking emerging trends and ensuring
we offer the technology solutions that meet the changing landscape
and drive better outcomes for our customers,” said Michael Newcity,
chief innovation officer at ArcBest and president of ArcBest
Technologies. “We’re focused on human-centered design — from
enhancing customer and employee experiences to evolving business
models and advancing innovative products and solutions — which is
how we continue to deliver industry-firsts like Vaux, our advanced
freight handling technology.”
Learn more about the Vaux Freight Movement System, which was
announced in March 2023.
FreightWaves revealed the winners of the 2024 FreightTech 25 on
the final day of the F3: Future of Freight Festival held November
9, 2023, in Chattanooga, Tennessee. Nominations were narrowed down
from the FreightTech 100, announced in September 2023, and then
voted on by a peer group of CEOs, industry leaders and investors to
select the FreightTech 25. Chattanooga, Tennessee-based accounting
and auditing firm HHM administered the vote, which was a simple
points system based on voters’ rankings.
ABOUT ARCBEST
ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated
logistics company that helps keep the global supply chain moving.
Founded in 1923 and now with over 15,000 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 its 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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Autumnn Mahar Phone: 479-494-8221 Email: amahar@arcb.com
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