Transportation M&A » By The Online Investor Staff, updated Fri., Apr. 16, 5:09 PM
Recent mergers and acquisitions in the Transportation M&A category.
| This Slide: #13 of 82 |
Slide #13. Forward Air Corporation — Central States Trucking Co. and Central States Logistics, Inc.
Acquirer:
Forward Air Corporation (NASDAQ:FWRD)
Acquiree:
Central States Trucking Co. and Central States Logistics, Inc.
Details:
Forward Air Corporation (NASDAQ:FWRD) today announced that its planned acquisition of all of the stock of Central States Trucking Co. and Central States Logistics, Inc. (collectively referred to as "CST" in this release) from Central States Inc. has formally closed. 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 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.
FWRD SEC Filing Email Alerts Service
Open the FWRD Page at The Online Investor »
|
||||||||||||||||||||||||
Open the FWRD Page at The Online Investor (in a new window) »
|
|
Avg. Broker Rec.
 
|
Buy (2.60 out of 4) 11st percentile
(ranked lower than approx. 89% of all stocks covered)
Analysts' Target Price: FWRD Stock Forecast Based on Zacks ABR data; powered by Xignite |
