Two years after announcing plans to expand its Chattanooga offices with another 500 employees, Arrive Logistics is abandoning plans for brick and mortar offices in Chattanooga and shifting its staff in Chattanooga to work at home.
Effective Thursday, the Texas-based freight broker is giving up its 11,000-square-foot lease in Chattanooga’s “freight alley” and shifting its 19-employee Chattanooga workforce to remote work.
In 2018, Arrive Logistics expanded to Chattanooga with an office in the same second-floor office space of the downtown Chattanooga Lifestyle Center on Broad Street as Steam Logistics, which brokers freight shipments around the globe, and Reliance Partners, one of the biggest insurance agencies targeting truckers and shippers. The three logistics companies shared a cafeteria, make-shift bar, restrooms and meeting areas.
On Wednesday, Arrive Logistics founder and CEO Matt Pyatt said the company decided against renewing its Chattanooga lease in the Chattanooga Lifestyle Center at 325 Market Street.
“Over the last year, especially due to the pandemic, we have assessed our company’s real estate footprint and have decided to not renew our lease,” Pyatt said in a statement Wednesday. “This decision is not a reflection of the thriving industry or excellent talent in the Chattanooga area but was rooted in Arrive’s future location expansion strategy.”