The less-than-truckload industry is positioned to ride through a rocky soft patch in the economy and even a short recession with higher pricing, carrier executives at the SMC3 Connections conference said.
Midyear Trucking Report: The New Capacity Reality
Aug 10, 2022 2:00PM EDT
10 May 2022
Forward Air is acquiring a Seattle-based drayage company as part of its strategy to direct more transloaded international container freight to its expedited LTL network.
23 Feb 2022
Higher rates and accessorial charges helped the largest US less-than-truckload carriers add revenue at an unprecedented pace last year, with the five fastest-growing companies increasing their top line between 30 and 40 percent.
03 Mar 2021
To secure capacity, truck shippers must offer freight that ‘fits’ a carrier’s network of lanes, vehicles, and drivers, speakers at a virtual TPM21 panel said.
05 Jan 2021
CEO Tom Schmitt says better pricing and targeted expansions beyond its air freight footprint will help Forward Air provide the shareholder value sought by activist investors.
30 Dec 2020
An $89.5 million stock purchase at Forward Air aimed at increasing shareholder value should be a “wake-up call” for other less-than-truckload providers that likewise may not be as profitable as activist investors think they should be.
06 Oct 2020
The purchase of Value Logistics gives Forward a bigger intermodal presence in the South-Central distribution hub as freight volumes of all types rise, said CEO Tom Schmitt.
16 Sep 2020
The acquisition of CLW Delivery gives expedited trucking operator Forward Air custom final-mile delivery services and new territory, as its LTL and final-mile businesses converge.
27 Jul 2020
As freight volumes rise, expedited LTL operator Forward Air is expanding capacity by 30 percent at the heart of its airport-to-airport network in Columbus, Ohio.
23 Jul 2020
More door-to-door, less-than-truckload freight will add revenue and freight density to Forward Air’s airport-to-airport lanes and create new final-mile opportunities, the company’s CEO says.
13 Jul 2020
By launching a door-to-door, less-than-truckload business in Savannah, Forward Air is adding more freight and building density in its airport-to-airport network.
09 Mar 2020
Compared with the freight boom of 2018, last year was disappointing for US less-than-truckload carriers, but pricing discipline allow the largest operators to maintain — and in some cases increase — their top line revenue.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
11 Apr 2017
Forward Air has expanded its US Midwest-focused drayage footprint to the Southeast.
22 Apr 2016
Diversification, an acquisition and a change in its dimensional weight factor in its expedited less-than-truckload business helped drive first-quarter revenue and profit higher at Forward Air.
05 Apr 2016
Three acquisition-hungry companies, XPO Logistics, Celadon Group and Daseke, were the fastest-growing businesses on a list of the 50 largest U.S. trucking companies in 2015.
11 Feb 2016
A Feb. 1 change in dimensional weight pricing will benefit Forward Air Corp., the CEO of the ground-air expedited transportation company told Wall Street analysts this week.
27 Jun 2014
Expedited transportation companies increasingly are focusing on detailed, custom levels of service to the pharmaceutical business. But speed isn’t necessarily the most important thing they deliver for drug shippers.
24 Jan 2014
Forward Air has agreed to acquire Central States Trucking and Central States Logistics from Central States Inc. for $95.6 million.
31 Jul 2013
Forward Air Solutions is preparing to occupy an 89,600-square-foot distribution facility at Port San Antonio’s industrial airport, Kelly Field, later this year.
19 Jul 2013
Forward Air reported its net income in the second quarter of 2013 was $13.8 million, falling 2.8 percent from $14.2 million in the second quarter of 2012.
05 Mar 2013
Forward Air has acquired Total Quality, a Michigan-based provider of security and temperature-controlled services to the pharmaceutical and life science industries.
12 Feb 2013
Forward Air Corporation, which provides transportation and logistics services to the North American air freight and less-than-truckload market, reported profit in the fourth quarter of 2012...
20 Jul 2012
Forward Air profit in the second quarter jumped 23.2 percent year-over-year to $24.4 million, as airport-to-airport volume rose 5.4 percent in the same period.