FORWARD AIR CORPORATION OPENS FIFTH CALIFORNIA LOGISTICS FACILITY AND EXPANDS INTO THE INLAND EMPIRE скачать в хорошем качестве

FORWARD AIR CORPORATION OPENS FIFTH CALIFORNIA LOGISTICS FACILITY AND EXPANDS INTO THE INLAND EMPIRE

Fontana, Calif. – Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments such as its ongoing less-than-truckload (LTL) network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward announced that it will bring its expedited LTL service to the Inland Empire. Forward Air Corp selected Fontana to serve as its operational base, supporting the entire Inland Empire region, which is experiencing high demand for freight transportation services. From the Fontana facility, Forward will handle freight from the Ontario International Airport and Southern California’s busiest ports, transporting it throughout the United States and Canada. At nearly 100,000 square feet, the new facility brings instant capacity and supports future growth. The Fontana facility is Forward’s fifth location in California, and second facility in greater Los Angeles – an area in which the Company has experienced strong growth. In addition to bringing best-in-class transportation times to the Inland Empire, the new facility is expected to create operational efficiencies with Forward’s Los Angeles terminal. Tom Schmitt, Chairman, President and Chief Executive Officer said, “The new Fontana facility plays a critical role in our Southern California expansion plans. From this location, we will support our largest national customers and increase our reach with pick-up and delivery services. We will also link smaller businesses and individuals to our portfolio of service offerings.” The Company expects job creation to include managers, dock workers and company drivers. Fontana Mayor Acquanetta Warren added, “As a global supply chain hub, the City of Fontana has emerged as an economic powerhouse of the Inland Empire. With logistics operations accounting for nearly 12,000 jobs in Fontana, and now with more coming soon, our residents have the unique opportunity to work within the city they call home. We are pleased to welcome Forward Air Corporation to the City of Fontana.” Forward’s California footprint now includes operations in Fontana, Carson, Union City, Sacramento and San Diego. “The new facility in Fontana marks Forward’s continued expansion of services beyond its traditional airport-to-airport footprint. With the introduction of expedited LTL service out of Fontana, the Inland Empire region is now connected to our nationwide network and our premium freight management services in LTL, full truckload, intermodal drayage and final mile delivery,” Schmitt said. 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 or call (800) 726-6654. 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 impact on job creation in Fontana, creation of operational efficiencies with the Company’s Los Angeles terminal and 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 Inland Empire 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. For media inquiries, please contact Justin Moss at jmoss@forwardair.com or 404-362-2472.