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Investor Relations Contact : David Humphrey Title : Vice President - Investor Relations Phone : 479-785-6200 Email : dhumphrey@arcb.com Media Contact : Autumnn Mahar Title : Senior Manager , PR and Social Phone : 479-494-8221 ArcBest More Than Logistics Email : amahar@arcb.com • Ⓡ ArcBest to Acquire MoLo Solutions , Enhancing Scale and Accelerating Growth • MoLo , a Chicago - based truckload broker , expects 2021 revenue of approximately $ 600 million Transaction doubles ArcBest's available capacity , creating a Top 15 U.S. truckload broker with access to over 70,000 carrier partners • Enhances ability to serve large customers across suite of logistics solutions , with increased cross - selling expected to drive higher revenue , earnings and retention • Expected to drive sustainable earnings growth ; accretion of EPS before acquisition - related amortization anticipated in the first full year of operations Fort Smith , Arkansas , September 29 , 2021 - ArcBest® ( Nasdaq : ARCB ) , a leader in supply chain logistics , today announced that it has entered into a definitive agreement to acquire MoLo Solutions , LLC ( " MoLo " ) , a Chicago - based truckload freight brokerage . With the acquisition , ArcBest will become a top 15 U.S. truckload broker with access to over 70,000 carrier partners . Founded in 2017 , MoLo has outpaced industry benchmarks by rapidly growing its customer base and revenue – recently ranking # 1 in the Transportation & Logistics industry on the “ 2021 Inc. 5000 Fastest- Growing Private Companies in America " . MoLo revenue in 2020 equaled $ 274 million , an increase of more than 100 % over the previous year , and MoLo expects revenue of approximately $ 600 million in 2021 . Strategic highlights of ArcBest's acquisition of Molo are expected to include : • Acceleration of Asset - Light business growth by improving ArcBest's ability to serve larger customers and expanding access to truckload capacity partners . • Expansion of ArcBest's revenue opportunities through increased cross - selling potential , better ability to secure new customers and a strong presence in the logistics innovation hub of Chicago . • Enhancement of shareholder value , including revenue and earnings growth and improved prospects for superior financial returns , through leveraging economies of scale and operational efficiency synergies . Expected to deliver accretion of EPS before acquisition - related amortization in the first full year of operations . • Strengthening a shared culture of customer obsession that has driven growth and compelling performance for both companies .