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Airlines M&A image Airlines M&A » By The Online Investor Staff, updated Thu., Mar. 28, 11:06 AM Recent mergers and acquisitions in the Airlines M&A category.

Slide #6. 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 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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Company Name:  Forward Air Corp
Stock buyback:  FWRD buyback
Website:  www.forwardaircorp.com
Sector:  Airlines
Number of ETFs Holding FWRD:  49
Total Market Value Held by ETFs:  $203.12M
Total Market Capitalization:  $769.00M
% of Market Cap. Held by ETFs:  26.41%
 

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March 28, 2024    11:06 AM Eastern
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Hold (2.29 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

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