Prior to this acquisition, Forward Air has been relatively quiet on the acquisition front. “Our team has looked at a number of acquisition opportunities over the last few years only to have them eliminated from consideration due to core customer channel conflicts, high levels of asset intensity or inferior margins and returns. Campbell, Forward Air Chairman, President and CEO, in a statement. “We are very excited about the acquisition of TQI,” said Bruce A. And along with its services geared towards the pharmaceutical sector, TQI also offers truckload and less-than-truckload brokerage transportation services. The company uses industry-leading temperature-controlled equipment, 24-hour real-time monitoring and tracking technology and layered security features and practices that Forward said provide shippers with high service levels. The company added that 2012 revenue for TQI was roughly $54.8 million.įorward officials were not available for additional comment on the acquisition at press time. Forward said that TQI was acquired on a cash-free debt basis with an adjustment for working capital. The purchase price was $66 million, according to Forward, with an earn-out of up to $5 million based on TQI’s 20 performance. (TCI), a provider of maximum security and temperature-controlled services for pharmaceutical and life sciences shippers. said today it has acquired Grand Haven, Michigan-based Total Quality Inc. These options allow us to maximize handling efficiency of each shipment while minimizing freight loss and damage, improving transit times over traditional ground transportation.Air cargo transportation services provider Forward Air Inc. Through our Forward Air Complete® cartage service, customers also can have shipments picked up from the shipper, delivered to the final consignee, or transferred at the airport, simplifying the freight management processes. After reloading the shipments, our contracted service providers deliver them to the destination city for early morning recovery. Shipments of varying sizes (TL/LTL) are received at our terminals and transported by contracted service providers either (1) on a direct truck to the destination terminal, (2) through our Columbus, Ohio central sorting hub, or (3) through one of our 12 regional hubs, where they are unloaded, sorted, and reloaded in rapid fashion. By locating terminals on or near airports and maintaining a scheduled transportation network, we are able to arrange for convenient and consistent service with broad geographic coverage. The foundation product for Forward Air is our expedited linehaul service, offering consistent and reliable transit and on-time, damage-free deliveries. 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. The Forward Air network is designed with over 90 facilities located at or near major U.S. Direct partnerships with owner-operators and other surface transportation providers, enable us to remain cost-competitive.
#FORWARD AIR TRACKING FULL#
Throughout the years we have added supplementary lines to our linehaul service, such as full truckload operations (Truckload Services), final-mile coverage (Complete® Cartage), and an Airline Logistics program, and we will continue to expand our services to meet the changing needs and growth of our customer base.įorward Air is structured to optimize both savings and service to our customers. Forward Air presents to the wholesale transportation community (logistics companies, freight forwarders, integrated air cargo carriers, passenger/ cargo airlines, and non-traditional shippers), a single-source provider that can deliver more supply chain services and a superior menu of choices. We work with companies of all sizes to develop tangible advantages and build the best products to meet your specific needs.
We offer surface shipping on an accelerated “time-definite” basis, delivering cargo at a specific time, but under less time-sensitive situations – supplying you with a cost effective, reliable alternative to air transportation. Since 1990, Forward Air has been a leading provider of ground transportation and related logistics services to the North American air freight and expedited LTL market.
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