This Slide: #15 of 82 |
Slide #15. 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 and intermodal drayage services across the U.S. and in Canada. Co.'s services are classified into two reportable segments: Expedited Freight and Intermodal. Co.'s Expedited Freight segment provides expedited regional, inter-regional and national LTL services. Co.'s Intermodal segment provides first- and last-mile intermodal container drayage services both to and from seaports and railheads. Intermodal also provides contract and container freight station warehouse and handling services.
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Hold (2.29 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: FWRD Stock Forecast Based on Zacks ABR data; powered by Xignite |