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Airlines M&A image Airlines M&A » By The Online Investor Staff, updated Mon., Jul. 4, 11:23 AM Recent mergers and acquisitions in the Airlines M&A category.

Slide #8. Forward Air Corporation Central States Trucking

Acquirer: Forward Air Corporation (NASDAQ:FWRD)
Acquiree: Central States Trucking
Details: Forward Air Corporation (NASDAQ:FWRD) today announced that it has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, Inc., (collectively referred to as "CST" in this release), from Central States Inc. Founded in 1980, CST provides industry leading container and intermodal drayage services primarily within the Midwest region of the United States. CST also provides linehaul service within the airport-to-airport space, as well as, dedicated contract and Container Freight Station ("CFS") warehouse services.

Forward Air is an asset-light freight and logistics company. Co. provides less-than-truckload (LTL), final mile, truckload, intermodal drayage and pool distribution services. Co.'s services are classified into three reportable segments: Expedited Freight, which provides expedited regional, inter-regional and national LTL, final mile and truckload services; Intermodal, which provides first- and last-mile intermodal container drayage services both to and from seaports and railheads; and Pool Distribution, which provides pool distribution services through a network of terminals and service locations throughout the Mid-Atlantic, Southeast, Midwest and Southwest United States.

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Company Name: 
Forward Air Corp
Stock buyback: 
FWRD buyback
Website: 
www.forwardaircorp.com
Sector: 
Airlines
Number of ETFs Holding FWRD: 
57
Total Market Value Held by ETFs: 
$568.13M
Total Market Capitalization: 
$2.48B
% of Market Cap. Held by ETFs: 
22.94%
 

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Buy (3.33 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)

Analysts' Target Price:
FWRD Stock Forecast

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