Forward Air Corporation Announces New LTL Service Offering in Vancouver
July 20 2021 - 1:15PM
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
expand its expedited less-than-truckload (LTL) service in
Vancouver, BC.
Using a local partner, Forward now offers expedited LTL service
in and out of Vancouver. The Company has opened more than twenty
facilities in 2021 – a sign of its continued network expansion.
Forward enters the market as the fastest expedited carrier
servicing Western Canada.
Tom Schmitt, Chairman, President and Chief Executive Officer,
said, “Opening Vancouver allows us to improve freight clearance
procedures, which means reduced transit times for our customers.
From this facility, we can transfer through Seattle and meet our
current expedited schedule servicing the lower 48 states. We are
also supporting regional business with a world class pickup and
delivery service.”
With the addition of direct expedited LTL service, Western
Canada is now connected to Forward’s US and Canadian networks, and
its full 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 4,000 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 Vancouver 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/20210720006038/en/
Sophia Farooq sfarooq@forwardair.com 404-362-3959
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