GREENEVILLE, Tennessee – (BUSINESS WIRE) – July 20, 2021–
Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves investments in organic infrastructure, such as the continued expansion of its LTL network, as well as inorganic investments, including including acquisitions of complementary businesses. Today, Forward announced that it will expand its expedited partial load (LTL) service in Vancouver, British Columbia.
Using a local partner, Forward now offers expedited LTL service to and from Vancouver. The Company opened more than twenty facilities in 2021, a sign of the continued expansion of its network. Forward enters the market as the fastest expedited carrier serving Western Canada.
Tom Schmitt, Chairman, President and CEO, said, “Opening Vancouver allows us to improve cargo clearance procedures, which means reduced transit times for our customers. From that facility, we can go through Seattle and meet our current fast-track schedule serving the lower 48 states. We also support regional businesses with world-class pickup and delivery service. “
With the addition of a direct expedited LTL service, Western Canada is now connected to Forward’s US and Canadian networks and its comprehensive portfolio of premium freight management services in LTL, full load, intermodal billing and delivery. at the last mile.
About Forward Air Corporation
Forward Air Corporation (NASDAQ: FWRD) is a leading light cargo and logistics company. We provide LTL, Last Mile, Truckload, Intermodal Dumping and Joint Distribution services in the United States and Canada. Headquartered in Greeneville, Tennessee, Forward operates approximately 200 facilities across the country and employs more than 4,000 people nationwide. We are more than a transport company. As a single resource for your shipping needs, Forward is your supply chain partner. For more information visit our website at www.forwardaircorp.com.
This press release may contain statements that could be considered as forward-looking statements or predictions of future transactions, including with respect to the expected growth and future expansion of the Company’s network and footprint. Such statements are made in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of the information currently available. These statements and assumptions involve certain risks and uncertainties, including the fact that the performance of the LTL service in Vancouver is worse than expected and that the Company is unable to achieve its planned expansion. Actual events may also differ from those expectations due to risks identified from time to time in our filings with the Securities and Exchange Commission. You should consider the forward-looking statement contained herein in light of these risks. We assume no obligation to update these statements at a future date.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210720006038/en/
CONTACT: Sophia Farooq
KEYWORD: UNITED STATES NORTH AMERICA CANADA TENNESSEE
INDUSTRY KEYWORD: AUTOMOTIVE TRUCKING AIR TRANSPORT LOGISTICS / SUPPLY CHAIN MANAGEMENT FLEET MANAGEMENT
SOURCE: Forward Air Corporation
Copyright Business Wire 2021.
PUB: 07/20/2021 13:15 / DISC: 07/20 // 2021 13:15
Copyright Business Wire 2021.