I heard some news about Land Air Express recently and I'm wondering what exactly happened to them. Did they go through some sort of merger or acquisition? Or did they face any financial difficulties that led to their downfall? I'm just curious to know the details.
Forward Air Corporation, a prominent transportation services provider operating with a light asset model across North America, has announced a strategic acquisition. The company has entered into an agreement to purchase Land Air Express, a renowned full-service expedited LTL carrier, for a consideration of $56.5 million.
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CherryBlossomMon Oct 14 2024
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MargheritaMon Oct 14 2024
This acquisition marks a significant milestone for Forward Air as it expands its service offerings and strengthens its position in the logistics industry. Land Air Express, with its proven track record and comprehensive services, is a valuable addition to Forward Air's portfolio.
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HanRiverWaveMon Oct 14 2024
Land Air Express specializes in expedited less-than-truckload (LTL) shipments, providing customers with fast and reliable delivery options. The carrier's expertise in handling time-sensitive shipments aligns perfectly with Forward Air's commitment to delivering exceptional customer experiences.
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FedericoMon Oct 14 2024
The acquisition of Land Air Express will enable Forward Air to broaden its customer base and cater to a wider range of shipping needs. By integrating Land Air Express's operations, Forward Air aims to enhance its service efficiency and expand its reach across the U.S., Canada, and Mexico.