![]() We assume no duty to update these statements as of any future date. You should consider the forward-looking statement contained herein in light of such risks. 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. These statements and assumptions involve certain risks and uncertainties including that the conditions to closing are not met and the closing is delayed or never occurs, that the performance of the Proficient Transport business post-closing is worse than anticipated and that the Company is not able to achieve the planned synergies. 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. For more information, visit our website at 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 funding and timing of closing of the Proficient Transport acquisition, growth of the Company’s intermodal business and strategic enhancements to the Company’s intermodal business. ![]() As a single resource for your shipping needs, Forward is your supply chain partner. We are more than a transportation company. Headquartered in Greeneville, Tennessee, Forward operates approximately 200 facilities across the country and employs more than 5,200 people nationwide. We provide LTL, final mile, truckload, intermodal drayage and pool distribution services across the United States and in Canada. ![]() and Canadian airports, 12 regional sort centers and over 300 beyond points (secondary airports provided through our Complete Cartage service), creating one of the most comprehensive linehaul networks in the industry. ![]() Tom Schmitt, President, Chairman and CEO stated, "Proficient Transport has a reputation for first-class service and precision execution – a perfect match for our Forward DNA.”įorward Air Corporation (NASDAQ: FWRD) is a leading asset-light freight and logistics company. The Forward Air network is designed with over 90 facilities located at or near major U.S. This acquisition expands Forward’s Intermodal presence in Atlanta, Charlotte, Chicago, and Dallas while introducing Columbus, Ohio into the footprint.įorward Intermodal is a top-ten provider of intermodal drayage in the United States. Since then, the company has shown continuous growth and currently operates with 32 employees and approximately 130 independent contractors. Headquartered in Chicago, Ill., Proficient Transport has been in business since 2004. The transaction will be funded from cash on hand and is expected to close in February 2021. Proficient Transport is a privately held intermodal drayage provider that generates approximately $23 million in annual revenue. (together “Proficient Transport”) for $15 million. As part of the inorganic growth strategy, Forward today announced that it has entered into an agreement to acquire the assets of Proficient Transport Incorporated and Proficient Trucking, Inc. The council’s current approach risks both not achieving a better deal while sending more resources to an outside council.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 its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. “For months, the city has been negotiating with Buff Chace, working towards a solution that is better for the city and taxpayers. “This settlement was entered into under the previous administration and Mayor Smiley does not support it,” Estrella said in a statement. Smiley spokesperson Josh Estrella said the administration doesn’t support the existing tax deal, but the mayor also doesn’t see eye-to-eye with the council on how to deal with it. The criticism comes one day after the City Council Finance Committee voted to pursue a legal challenge against a court-ordered 2021 agreement that allowed 10 downtown properties owned by Arnold “Buff” Chace and others to pay significantly lower property taxes over the next three decades. (WPRI) - Providence Mayor Brett Smiley is criticizing a City Council legal strategy to challenge a multimillion-dollar tax break for a wealthy downtown developer.
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