Forward Air News & Resources
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Schmitt is out as Forward Air CEO and President
February 7, 2024
A change at the top is coming for Greeneville, Tenn.-based asset-light freight and logistics services provider Forward Air, with the company announcing today that company Chief Executive Officer and President Tom Schmitt has left the company. The company added that Schmitt is also no longer a member of the company’s Board.
Forward Air’s acquisition of Omni Logistics becomes a done deal
January 26, 2024
Following a previous announcement earlier this week, in which key financial terms of a previously-announced deal were amended, Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air said its acquisition of Dallas-based Omni Logistics, an asset-light, high-touch logistics and supply chain services provider owned by Ridgemont Equity Partners, is now official.
With state of merger deal in flux, Omni Logistics files lawsuit against Forward Air
November 1, 2023
Following an October 26 announcement, in which Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air stated it may not go through with its planned acquisition of Dallas-based Omni Logistics, an asset-light, high-touch logistics and supply chain services provider, which was announced in August and expected to close later this year, Omni said yesterday it is filing a lawsuit against Forward Air to enforce the agreement.
Forward Air indicates planned acquisition of Omni Logistics may not come to fruition
October 26, 2023
Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air served notice that it may not go through with its planned acquisition of Dallas-based Omni Logistics, an asset-light, high-touch logistics and supply chain services provider, which was announced in August and expected to close later this year.
Forward Air’s Schmitt highlights key aspects of acquisition of Omni Logistics
August 16, 2023
Logistics Management Group News Editor Jeff Berman recently caught up with Forward Air Chairman, President and Chief Executive Officer Tom Schmitt about what this acquisition means for the company, from a service and competitive perspective, as well as other industry topics, including Yellow's recent exit from the market and the 2023 Peak Season.
Forward Air and Omni Logistics announce plans to combine, with a focus on expedited LTL market
August 10, 2023
Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air and Dallas-based Omni Logistics, an asset-light, high-touch logistics and supply chain services provider owned by Ridgemont Equity Partners, announced today they will join forces, with the companies having entered into a definitive agreement to create a combined company through a cash-and-stock transaction.
Forward Air brings Land Air Express into the fold to boost LTL operations
January 5, 2023
Taking another step to execute what it calls its inorganic growth strategy, Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air said yesterday it has entered into an agreement to acquire the assets of Bowling Green, Kentucky-based Land Air Express, a privately-held expedited less-than-truckload (LTL) services provider.
Forward Air stresses focus on high-value freight in mid-quarter update
December 8, 2022
On a quarter-to-date period through November, for its Expedited Freight operating statistics, the company said that shipments per day were up 2.4% annually, with revenue per hundredweight up 14.7%, pounds per day down 11.9%, and weight per shipment down 14.0%, for the same period.
Forward Air announces acquisition of Chicksaw Container Services
November 10, 2022
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.
Q&A: Tom Schmitt, CEO, Forward Air
September 27, 2022
Logistics Management Group News Editor Jeff Berman recently interviewed Tom Schmitt, CEO of Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air. In a wide-ranging conversation, Schmitt provided Berman with an overview on various supply chain- and logistics-related topics, including: the freight economy, inflation, taking steps to manage driver turnover and Forward Air's road map for growth, among others.
Forward Air rolls out LTL and pickup and delivery service in Wichita, Kansas
May 12, 2021
The company said that the Forward LTL facility is its first Kansas-based LTL terminal, adding that it will cross-utilize space and resources within its Wichita-based Final Mile operation, with a focus on bringing a larger service offering to the Wichita area. And it also noted that the cohabitation of Final Mile and LTL operations allows Forward to grow organically, with less investment than a traditional new market expansion.