Pankaj is right -- if you use multiple folders (some customers use one folder per Application Group) then you can run multiple instances of arsload. Of course, this won't help you get more data into a SINGLE Application Group faster, but it will help prevent a number of small loads from being stuck behind a large load.
If you are having load performance issues, you might need to tune DB2, or look more closely at your TSM configuration.
-JD.