Forward Air Corporation Announces Expansion Into California’s Inland Empire
December 14 2020 - 8:00AM
Business Wire
Forward Air Corporation (NASDAQ: FWRD) (the “Company” or
“Forward”) is executing a growth strategy that involves organic
infrastructure investments such as its ongoing less-than-truckload
(LTL) network expansion, as well as inorganic investments,
including acquisitions of complementary businesses. Today, Forward
announced that it will bring its expedited LTL service to
California’s Inland Empire region.
Forward’s new facility in Fontana, CA will support the entire
Inland Empire region. The Fontana facility is Forward’s fifth
location in California, and second facility in greater Los Angeles
– an area in which the Company has experienced strong growth. In
addition to bringing best-in-class transportation times to the
Inland Empire, the new facility is expected to create operational
efficiencies with Forward’s Los Angeles terminal.
Tom Schmitt, Chairman, President and Chief Executive Officer
said, “The Inland Empire region plays a strategic role in our
expansion plans. While we can support some of our largest customers
here, we are also able to link smaller businesses to our portfolio
of service offerings. We are growing our footprint in Southern
California and supporting our existing operations at the same
time.”
The new facility in Fontana marks Forward’s continued expansion
of services beyond its traditional airport-to-airport footprint.
With the introduction of expedited LTL service out of Fontana, the
Inland Empire region 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 creation of
operational efficiencies with the Company’s Los Angeles terminal
and the 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 Inland Empire 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201214005031/en/
For media inquiries, please contact Justin Moss at
jmoss@forwardair.com or 404-362-2472.
Forward Air (NASDAQ:FWRD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Forward Air (NASDAQ:FWRD)
Historical Stock Chart
From Jul 2023 to Jul 2024