24 January 2014
Forward Air Corp. (NASDAQ: FWRD) said it has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics, Inc. from Central States Inc.
Founded in 1980, 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 (CFS) warehouse services.
Forward Air operates three business segments: Forward Air, Inc., Forward Air Solutions, Inc. and Total Quality, Inc.
Forward Air is a high-service-level contractor to the air cargo industry providing time-definite ground transportation services through a network of terminals located on or near major airports in 85 cities in the United States and Canada. Forward Air Solutions is a provider of pool distribution services. Total Quality utilizes industry-leading temperature-controlled equipment, 24-hour monitoring and tracking technology and layered security features to provide our customers with the highest level of service. In addition to our core pharmaceutical services, we provide brokerage transportation services.