Forward Air announces acquisition of Chicksaw Container Services

Forward Air Corporation recently announced that it has entered into an agreement to acquire the assets of Chickasaw Container Services, Inc. (“CCS”), a privately held intermodal drayage provider. The transaction will be funded from cash on hand and is expected to close in November 2022.

CCS has been in business for over 30 years with operating terminals in Mobile, AL, and Memphis, TN. In addition to drayage services, CCS also provides container storage and sales at both of its locations. The acquisition of CCS allows Forward to expand intermodal drayage operations in the Mobile market while bolstering an already strong presence in the Memphis market.

Tom Schmitt, President, Chairman, and CEO stated, “Our intermodal business has been a key growth area for Forward over the past few years. Chickasaw Container Services boasts an experienced team and shares our commitment to precision execution. We are excited about this acquisition, as it gives us a second base of operations in Memphis and allows us to expand in the high-value Mobile market simultaneously – making Forward Intermodal a formidable player in that region.”