Forward Air Corporation Announces Expanded LTL Service Offering in Bethlehem, PA
November 23 2020 - 8:30AM
Business Wire
Forward Air Corporation (NASDAQ: FWRD) (the “Company” or
“Forward”) is executing a growth strategy that involves organic
infrastructure investments such as the ongoing LTL network
expansion, as well as inorganic investments, including acquisitions
of complementary businesses. Today, Forward announced that it will
expand its expedited less-than-truckload (LTL) service in
Bethlehem, Pa.
Forward selected Bethlehem based on prior success with its LTL
business using a local partner. Forward secured a new location in
Bethlehem, where it will open a Company-operated facility – a move
that signals Forward’s growth trajectory into cities that are not
adjacent to major airports.
Tom Schmitt, Chairman, President and Chief Executive Officer
said, “As we continue to expand our service offering beyond our
current airport-to-airport footprint, Bethlehem is a strategic
location that supports future growth. At the same time, we can
support our Philadelphia operations and increase our coverage in
Pennsylvania.”
With the addition of a Forward-operated terminal, the Bethlehem
market is now connected to Forward’s nationwide network and
portfolio of premium freight management services in LTL, full
truckload, intermodal drayage and final mile delivery.
About Forward Air Corporation
Forward Air Corporation (NASDAQ: FWRD) is a leading asset-light
freight and logistics company. We provide LTL, final mile,
truckload, intermodal drayage and pool distribution services across
the United States and in Canada. Headquartered in Greeneville,
Tennessee, Forward operates approximately 200 facilities across the
country and employs more than 5,200 people nationwide. We are more
than a transportation 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 might be
considered as forward-looking statements or predictions of future
operations including with respect to the expected growth and future
expansion of the Company’s network and footprint. Such statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and are based on
management’s belief or interpretation of information currently
available. These statements and assumptions involve certain risks
and uncertainties including that the performance of the LTL service
in Bethlehem is worse than anticipated and that the Company is not
able to achieve its planned expansion. Actual events may also
differ from these expectations as a result of the 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 such risks. We assume no duty to
update these statements as of any future date.
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version on businesswire.com: https://www.businesswire.com/news/home/20201123005384/en/
Justin Moss jmoss@forwardair.com 404-362-2472.
Forward Air (NASDAQ:FWRD)
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