Profile: Forward Air Corp (FWRD.O)
16 Mar 2018
Forward Air Corporation, incorporated on October 23, 1981, is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company's segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.
Expedited LTL segment provides expedited regional, inter-regional and national LTL services. The Company markets its expedited LTL services primarily to freight and logistics intermediaries (such as freight forwarders and third party logistics companies) and airlines (such as integrated air cargo carriers, and passenger and cargo airlines). Its terminals are located on or near airports in the United States and Canada and maintain regularly scheduled transportation service between various cities. Its expedited LTL services allow customers to access various services from a single source, which include customs brokerage; warehousing, dock and office space; hotshot or ad-hoc ultra expedited services, and shipment consolidation and handling, such as shipment build-up and break-down and reconsolidation of air or ocean pallets or containers. Its wholesale customer base includes freight forwarders, third party logistics companies, integrated air cargo carriers and passenger, cargo airlines and steamship lines.
Truckload Premium Services
TLS segment is a provider of transportation management services, including, but not limited to, expedited truckload brokerage, fleet services, as well as security and temperature-controlled logistics services in the United States and Canada. TLS offers long haul, regional and local services through fleet and third party transportation providers. TLS' primary operations are located in Columbus, Ohio. TLS also has satellite operations in South Bend, Indiana; Grand Rapids, Michigan; Greeneville, Tennessee, and Sacramento, California. It utilizes a range of equipment in its TLS operations, including dry van, refrigerated, and roller-bed trailers, as well as straight trucks and cargo vans. Its customer base includes freight forwarders, third party logistics companies, integrated air cargo carriers and passenger, cargo airlines, and LTL carriers, as well as retail, life-science companies, and their distributors.
Intermodal offers first- and last-mile transportation of freight both to and from seaports and railheads through fleet and third party transportation providers. Intermodal segment provides intermodal container drayage services. The Company markets its intermodal services to import and export customers. Intermodal operates in the Midwest, Southeast and Southwest. Intermodal also provides linehaul and local less-than-truckload service in the Midwest, as well as container freight station (CFS) warehousing services for air and ocean import/export freight at five of its Midwest terminals (Chicago, Cleveland, Milwaukee, Indianapolis and Detroit). Its intermodal services include immediate proof of delivery (POD) and signature capture capability through tablets; all drivers receive dispatch orders on hand-held units and are trackable through global positioning system (GPS), and daily contrainer visibility and per diem management reports. Intermodal's customer base includes international freight forwarders, passenger and cargo airlines and steamship lines.
Pool distribution involves managing high-frequency handling and distribution of time-sensitive product to numerous destinations in specific geographic regions. As of December 31, 2016, Pool Distribution (Pool) segment provided pool distribution services through a network of terminals and serviced locations in 27 cities throughout the Mid-Atlantic, Southeast, Midwest and Southwest United States. Pool Distribution's customer base includes national and regional retailers and distributors.
Forward Air Corp
1915 Snapps Ferry Rd Bldg N
GREENEVILLE TN 37745-3661