Forward air tracking ohio8/24/2023 ![]() Some forward-looking statements may be identified by use of such terms as believes, anticipates, intends, plans, estimates, projects or expects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materiallyĭifferent from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements other than historical information or statements of current condition and relate to future events or our future financial performance. This Annual Report on Form 10-K for the fiscal year ended Decem(the ∿orm 10-K) contains forward-looking statements, as defined in Section 27A of the Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (the ∾xchange Act). ![]() Index to Financial Statements and Financial Statement Schedule Security Ownership of Certain Beneficial Owners and Management and Related ShareholderĬertain Relationships and Related Transactions Quantitative and Qualitative Disclosures About Market Riskįinancial Statements and Supplementary DataĬhanges in and Disagreements with Accountants on Accounting and Financial Disclosureĭirectors and Executive Officers of the Registrant Managements Discussion and Analysis of Financial Condition and Results of Operations Market for Registrants Common Equity, Related Shareholder Matters and Issuer Purchases of And he added that there will be both cross-selling and operational opportunities for its combined teams to take advantage of in the future.įorward’s 2012 full-year revenue-of $584.4 million-was up 8.9 percent annually, with income from operations-at $83.5 million-up 8 percent annually.Submission of Matters to a Vote of Security Holders In 2007, it acquired Black Hawk Freight, and in 2008 it acquired Service Express, Inc.Ĭampbell added that bringing TQI into the fold will be a welcome addition to its airport-to-airport network, TLX full truckload, Complete pick-up and delivery and Solutions final mile services. 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. Air cargo transportation services provider Forward Air Inc.
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