Forward Air Announces New Intermodal Drayage Operations in Linden, NJ Servicing Port Newark
April 10 2023 - 8:30AM
Business Wire
Forward Air Corporation (NASDAQ: FWRD) (the “Company” or
“Forward”) continues to execute a growth strategy that involves
organic infrastructure investments, including its ongoing
less-than-truckload (LTL) network expansion, as well as
acquisitions of complementary businesses. Today, Forward announced
that it will expand its intermodal drayage service offering in the
New York and New Jersey area with new operations in Linden, NJ.
Forward Intermodal will operate a secure container drop yard in
the area, while cohabitating with an existing LTL terminal which is
expected to create transloading efficiencies and improve speed for
its customers. The intermodal operation is expected to move into a
new building in the coming months and create approximately 35
driver and support staff jobs.
The Linden operation marks Forward Intermodal’s 30th terminal,
signaling the business’ continued investment in the marketplace and
its long-standing goal to meet customer needs. Customers can rely
on Forward Intermodal’s expertise in servicing major port markets
such as Port Newark and gain access to its massive LTL network for
expansive shipping options.
Tom Schmitt, Chairman, President, and Chief Executive Officer
said, “Customer demand continues to drive growth within our
intermodal business. Our new facility in Linden will give customers
access to all our services to help them win more business. The
partnerships we build with our customers and the local communities
in North America are an important part of our growth strategy.”
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 and the growth and
expansion of its intermodal drayage operations. 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
Linden 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230410005072/en/
Justin Moss - Forward Air JMoss@forwardair.com 404.362.8933
Forward Air (NASDAQ:FWRD)
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