Forward Air Announces Chicagoland Expansion with New Bolingbrook Terminal
February 06 2023 - 8:00AM
Business Wire
Forward Air Corporation (NASDAQ: FWRD) (the “Company” or
“Forward”) is executing a growth strategy that involves organic
infrastructure investments, including its ongoing
less-than-truckload (LTL) network expansion, as well as inorganic
investments, such as the recently-signed acquisition of Land Air
Express, Inc. Today, Forward announced that it will expand its
expedited LTL service offering in the Chicagoland area with a new
terminal in Bolingbrook, IL, near Midway International Airport
(MDW).
The new facility is Forward’s third LTL location in Chicago – an
area in which the Company has experienced strong growth. In
addition to bringing best-in-class transit times with the ability
to hit tight time windows to the southwest side of Chicago, the
Bolingbrook operation is expected to increase Forward’s same-day
delivery capabilities throughout the Chicagoland area. From the
Bolingbrook facility, approximately 4.4 million people can now
enjoy same day or next day delivery services.
Tom Schmitt, Chairman, President, and Chief Executive Officer
said, “We continue to make investments that help our customers win
more business. Our Bolingbrook facility is another example of how
we do it. The combination of speed and the lowest damage rates in
the industry is a differentiator for companies looking to
grow.”
About Forward Air Corporation
Forward Air is a leading asset-light provider of transportation
services across the United States, Canada and Mexico. 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. Forward is a single resource for your shipping needs. 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 Company is not able to achieve
the anticipated benefits and operational synergies with the new
Bolingbrook terminal. 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/20230206005114/en/
Justin Moss - Forward Air JMoss@forwardair.com 404.362.8933
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