Forward Air Corporation Announces Expanded LTL Service Offering in Bethlehem, PA
Forward Air Corporation (NASDAQ: FWRD) is advancing its growth strategy with an expansion of its expedited less-than-truckload (LTL) service in Bethlehem, Pennsylvania. This move follows previous success with local partnerships in LTL operations. By opening a new facility in Bethlehem, Forward aims to enhance its service coverage and support operations in Philadelphia, thereby connecting the market to its nationwide network of premium freight management services.
- Expansion of expedited LTL service in Bethlehem enhances market coverage.
- New facility supports strategic growth and connections to the nationwide network.
- Potential risks associated with performance expectations in the new LTL market.
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments such as the ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward announced that it will expand its expedited less-than-truckload (LTL) service in Bethlehem, Pa.
Forward selected Bethlehem based on prior success with its LTL business using a local partner. Forward secured a new location in Bethlehem, where it will open a Company-operated facility – a move that signals Forward’s growth trajectory into cities that are not adjacent to major airports.
Tom Schmitt, Chairman, President and Chief Executive Officer said, “As we continue to expand our service offering beyond our current airport-to-airport footprint, Bethlehem is a strategic location that supports future growth. At the same time, we can support our Philadelphia operations and increase our coverage in Pennsylvania.”
With the addition of a Forward-operated terminal, the Bethlehem market is now connected to Forward’s nationwide network and portfolio of premium freight management services in LTL, full truckload, intermodal drayage and final mile delivery.
About Forward Air Corporation
Forward Air Corporation (NASDAQ: FWRD) is a leading asset-light freight and logistics company. We provide LTL, final mile, truckload, intermodal drayage and pool distribution services across the United States and in Canada. Headquartered in Greeneville, Tennessee, Forward operates approximately 200 facilities across the country and employs more than 5,200 people nationwide. We are more than a transportation company. As a single resource for your shipping needs, Forward is your supply chain partner. For more information, visit our website at www.forwardaircorp.com.
This press release may contain statements that might be considered as forward-looking statements or predictions of future operations including with respect to the expected growth and future expansion of the Company’s network and footprint. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties including that the performance of the LTL service in Bethlehem is worse than anticipated and that the Company is not able to achieve its planned expansion. Actual events may also differ from these expectations as a result of the risks identified from time to time in our filings with the Securities and Exchange Commission. You should consider the forward-looking statement contained herein in light of such risks. We assume no duty to update these statements as of any future date.
