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Forward Named #1 Expedited Carrier By Transport Topics
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Forward Air Announces Sale of Pool Distribution Business
February 12, 2021 GMT
GREENEVILLE, Tenn. (BUSINESS WIRE) Feb 12, 2021
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. Forward today announced the sale of its Pool Distribution business to Ten Oaks Group for an estimated total consideration of $20 million, consisting of $8 million upfront cash payment and up to a $12 million earnout based on 2021 revenue attainment.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Forward Air Confirms Receipt of Director Nominations from Ancora Advisors
February 10, 2021 GMT
GREENEVILLE, Tenn. (BUSINESS WIRE) Feb 10, 2021
Forward Air Corporation (NASDAQ:FWRD) (the “Company” or “Forward”) today confirmed that Ancora Advisors (“Ancora”) has submitted a nomination notice for four candidates to stand for election to the Forward Air Board of Directors (the “Board”) at the Company’s 2021 Annual Meeting of Shareholders. Shareholders are not required to take any action at this time.
The Company issued the following statement:
Forward benefits from a strong and experienced Board that provides close oversight and guidance on the execution of the Company’s strategy. The Board – composed of 10 highly qualified directors, nine of whom are independent – brings significant experience across the logistics industry, financial operations, governance, and
Posted on 8205
Forward Air Corporation (NASDAQ: FWRD) (the “Company or “Forward”) is executing a growth strategy that involves organic infrastructure investments such as its ongoing less-than-truckload (LTL) network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward announces a six percent general rate increase on any shipments tendered on or after Feb. 1, 2021. Additional changes to the Company’s accessorial and surcharge schedule will also take effect on Feb. 1, 2021.
The rate changes enable Forward to continue investing in service enhancement as operating costs continue to rise in the freight transportation industry. As an expedited carrier, Forward operates on-demand without the long lead times that traditional carriers require.
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