ArcBest completed the acquisition of MoLo Solutions for $235m.

ArcBest, a supply chain logistics company, completed the acquisition of MoLo Solutions, a Chicago-based truckload freight brokerage, for $235m. "We are pleased to add MoLo's significant capabilities and talent to our truckload brokerage offering, allowing us to better meet the critical needs of our customers, deliver comprehensive supply chain solutions and accelerate our company's continued growth. Since its founding four years ago, MoLo has built a strong foundation and reputation for excellence based on trusted customer and carrier relationships, as well as a proven ability to offer unsurpassed service. Since we began discussing a possible transaction several months ago, it became clear what a great fit MoLo was with ArcBest," Judy R. McReynolds, ArcBest Chairman, President and CEO.