Forward Air Corporation Announces New LTL Service in Wichita, KS
May 10 2021 - 1:57PM
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 LTL network
expansion, as well as inorganic investments, including acquisitions
of complementary businesses. Today, Forward announced that it will
now offer expedited less-than-truckload (LTL) along with pickup and
delivery (PUD) services in Wichita, KS.
Forward LTL will cross-utilize space and resources with the
Company’s Final Mile operation in Wichita to bring a larger service
offering to the area. The new Wichita facility is Forward’s first
LTL terminal in Kansas.
The cohabitation of Final Mile and LTL operations allows Forward
to grow organically, with less investment than a traditional new
market expansion. This expansion is part of Forward’s ongoing
journey to evolve its national LTL network for broader market
coverage, beyond its airport-to-airport footprint.
Tom Schmitt, Chairman, President and Chief Executive Officer,
said, “As we continue to expand our national footprint, we look for
opportunities to create efficiencies – and Wichita is a perfect
example. We have a strong Final Mile presence throughout Kansas and
high customer demand for LTL in the region, so we can flex our
muscle and bring our world-class expedited LTL service to Wichita
and the greater Kansas market.”
Forward enters the market as the fastest expedited LTL carrier
in and out of Wichita. With a portfolio of premium freight
management services in LTL, full truckload, intermodal drayage, and
final mile delivery, Forward significantly improves freight options
for businesses of every size and type in the Wichita region.
About Forward Air Corporation
Forward Air Corporation (NASDAQ: FWRD) is a leading asset-light
freight and logistics company. We provide LTL, final mile,
truckload and intermodal drayage 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 and the expected
efficiencies and improvements in service resulting from
cross-utilizing Final Mile and LTL terminals. 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 Company is not able to utilize
existing facilities to achieve planned synergies and expansion
within the LTL space. 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/20210510005804/en/
Justin Moss jmoss@forwardair.com 404-362-2472.
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