Fort Smith, Arkansas-based ArcBest, a full-service supply chain logistics provider, said late yesterday that it has entered into a definitive agreement to acquire Chicago-based truckload freight brokerage MoLo Solutions LLC. ArcBest said that this transaction is comprised of a cash payment at closing of $235 million from available funds and subject to post-closing adjustments and is expected to close in the fourth quarter.
Source: logistics Mgmt