Forward Air Announces 2022 General Rate Increase
December 01 2021 - 8:30AM
Business Wire
Forward Air Corporation (NASDAQ: FWRD) (the “Company” or
“Forward”) announced today that it is notifying customers of a
general rate increase (“GRI”) of 7.9 percent applicable to rates
established under the existing tariffs effective February 1, 2022.
Selected accessorial charges and minimum charges will also be
impacted. Additional information can be found at
www.forwardair.com.
The GRI is intended to offset rising costs associated with the
challenging operating environment, and we believe will allow
Forward to continue investing in service enhancement, fleet
maintenance, technology innovations, and other areas to serve
customers more effectively and efficiently.
About Forward Air Corporation
Forward Air Corporation (NASDAQ: FWRD) is a leading asset-light
freight and logistics company that provides services across the
United States and Canada. We provide expedited less-than-truckload
services, including local pick-up and delivery, shipment
consolidation/deconsolidation, warehousing, and customs brokerage
by utilizing a comprehensive national network of terminals. In
addition, we offer final mile services, including delivery of
heavy-bulky freight, truckload brokerage services, including
dedicated fleet services; and intermodal, first-and last-mile,
high-value drayage services, both to and from seaports and
railheads, dedicated contract, and Container Freight Station
warehouse and handling services. 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.forwardair.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 impact of the GRI in
offsetting costs and providing capital for investing in the
business. 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 GRI will
not be enough to mitigate higher operating costs. 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/20211201005621/en/
Sophia Farooq - Forward Air SFarooq@forwardair.com
404.362.3959
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