Texas Air Corporation

Forward Air Announces 2024 General Rate Increase

Retrieved on:

Monday, December 11, 2023

Air, Transport, Logistics, Supply Chain Management, GRI, Safety, LTL, Forward, Texas Air Corporation

Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced a 5.9 percent general rate increase (GRI) on any shipments tendered on or after February 5, 2024.

Key Points:

Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced a 5.9 percent general rate increase (GRI) on any shipments tendered on or after February 5, 2024.
The rate changes will enable the Company to continue investing in customer support, safety and service enhancement, as operating costs have risen for many in the freight transportation industry.
As an expedited carrier, Forward leads the less-than-truckload (LTL) industry with best on time performance, fastest speed on major lanes and lowest damage rates.
Forward remains committed to providing best-in-class, premium expedited service to its customers.

Forward Air Provides Mid-Quarter Update on Fourth Quarter 2023 Performance

Retrieved on:

Wednesday, December 6, 2023

Trucking, Air, Transport, Logistics, Supply Chain Management, Raven Forward Air Controllers, LTL, Texas Air Corporation, Cargo

Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided the following key Expedited Freight operating statistics for the quarter-to-date period through November 2023.

Key Points:

Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided the following key Expedited Freight operating statistics for the quarter-to-date period through November 2023.
Weight per shipment increased 11.0%, revenue per shipment excluding fuel increased 2.6% and pounds per day increased 5.5%, all over the same period last year.
Tom Schmitt, Chairman, President and Chief Executive Officer of Forward Air commented, "We continue to grow our LTL tonnage, and focus on high quality freight, as reflected in the increased weight per shipment.
This all reflects our Grow Forward strategy of focusing our best-in-class service on high value freight, operating in a cleansed network, and pricing appropriately.

Forward Air Corporation Files Answer and Counterclaim Against Omni

Retrieved on:

Monday, November 13, 2023

Other Transport, Trucking, Logistics, Supply Chain Management, Air, Transport, Tripura Merger Agreement, Transaction, Complaint, Annual report, Risk, Ix, Delaware Court of Chancery, Texas Air Corporation, Mergers and acquisitions, Xi, Delaware Court, Vii, Forward

Forward Air Corporation (NASDAQ: FWRD) (“Forward”) today announced that it has filed under seal an answer and counterclaim against Omni Newco LLC (“Omni”) in the Delaware Court of Chancery relating to the transactions contemplated by the Merger Agreement, dated August 10, 2023, entered into by Forward, Omni and certain other parties.

Key Points:

Forward Air Corporation (NASDAQ: FWRD) (“Forward”) today announced that it has filed under seal an answer and counterclaim against Omni Newco LLC (“Omni”) in the Delaware Court of Chancery relating to the transactions contemplated by the Merger Agreement, dated August 10, 2023, entered into by Forward, Omni and certain other parties.
On Friday, November 10, 2023, Forward filed its response to the complaint and a counterclaim for declaratory relief.
Forward intends to file a public version of its answer and counterclaim by November 17, 2023.
Forward believes that Omni has not complied with certain of its obligations under Sections 7.03 and 7.14 of the Merger Agreement.

Forward Air Corporation to Present at the Stephens 25th Annual Investment Conference

Retrieved on:

Tuesday, November 14, 2023

Trucking, Automotive, Transport, Logistics, Supply Chain Management, Fleet Management, Other Transport, EST, Interest, LTL, Conference, Texas Air Corporation

Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”), announced that on Tuesday, November 14, 2023, at approximately 12:00 p.m. EST, Tom Schmitt, Chief Executive Officer, and Rebecca Garbrick, Chief Financial Officer, will participate in a fireside chat at the Stephens 25th Annual Investment Conference in Nashville, Tennessee.

Key Points:

Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”), announced that on Tuesday, November 14, 2023, at approximately 12:00 p.m. EST, Tom Schmitt, Chief Executive Officer, and Rebecca Garbrick, Chief Financial Officer, will participate in a fireside chat at the Stephens 25th Annual Investment Conference in Nashville, Tennessee.
Forward is a leader in providing consistent and reliable transit and streamlined, damage-free deliveries for time-sensitive, high-value freight.
“We are excited to share the next phase of the Grow Forward revenue strategy, which includes a further enhanced LTL focus,” said Tom Schmitt, Chairman, President and Chief Executive Officer of Forward Air.
“While there is more detail to come, we look forward to discussing our approach to expanding Forward’s LTL network and providing 2026 high-level targeted outcomes.”
Interested parties may listen to the presentation via a live webcast by clicking https://wsw.com/webcast/stph34/fwrd/1836786 .

SEE Announces Pricing of Senior Notes

Retrieved on:

Wednesday, November 8, 2023

Packaging, Manufacturing, Texas Air Corporation, Sealed Air, Sale, Issuer, NYSE, SEE, Regulation, Security (finance), Note

Sealed Air Corporation (“SEE”) (NYSE: SEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the “Issuers”), the pricing of the Issuers’ offering of 7.250% senior notes due 2031 (the “Notes”).

Key Points:

Sealed Air Corporation (“SEE”) (NYSE: SEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the “Issuers”), the pricing of the Issuers’ offering of 7.250% senior notes due 2031 (the “Notes”).
The tender offer is conditioned upon, among other things, the completion of the offering of the Notes; however, the closing of the offering of the Notes is not conditioned on the consummation of the tender offer.
If SEE purchases less than the full aggregate principal amount of the outstanding 2024 Notes, SEE intends to satisfy and discharge any remaining 2024 Notes in accordance with the terms of the indenture governing the 2024 Notes.
This announcement does not constitute an offer to purchase the 2024 Notes or a notice of satisfaction and discharge with respect to the 2024 Notes.

Forward Named a Top Company For Women to Work For by the Women in Trucking Association

Retrieved on:

Wednesday, November 8, 2023

Forward Air Corporation (NASDAQ: FWRD) (“Forward”, “we”, “our”, or “us”) has been named one of 2023’s “Top Companies for Women to Work For in Transportation” by the Women In Trucking Association.

Key Points:

Forward Air Corporation (NASDAQ: FWRD) (“Forward”, “we”, “our”, or “us”) has been named one of 2023’s “Top Companies for Women to Work For in Transportation” by the Women In Trucking Association.
Each year, the award recognizes organizations that support Women in Trucking’s mission: to promote the accomplishments of companies that are focused on the employment of women in the trucking industry.
Forward was honored to receive the “Elite 30” designation, reserved for companies who received the most votes.
From the boardroom to our terminals, to over-the-road drivers, the women of Forward Air help make us who we are – and they make us better.”

SEE Announces Offering of Senior Notes

Retrieved on:

Wednesday, November 8, 2023

Finance, Packaging, Professional Services, Supply Chain Management, Logistics, Transport, Manufacturing, Retail, Texas Air Corporation, Sealed Air, Sale, Issuer, NYSE, SEE, Regulation, Security (finance), Note

Sealed Air Corporation (“SEE”) (NYSE: SEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the “Issuers”), that the Issuers commenced an offering of senior notes due 2031 (the “Notes”).

Key Points:

Sealed Air Corporation (“SEE”) (NYSE: SEE) today announced, together with Sealed Air Corporation (US) (together with SEE, the “Issuers”), that the Issuers commenced an offering of senior notes due 2031 (the “Notes”).
The tender offer is conditioned upon, among other things, the completion of the offering of the Notes; however, the closing of the offering of the Notes is not conditioned on the consummation of the tender offer.
If SEE purchases less than the full aggregate principal amount of the outstanding 2024 Notes, SEE intends to satisfy and discharge any remaining 2024 Notes in accordance with the terms of the indenture governing the 2024 Notes.
This announcement does not constitute an offer to purchase the 2024 Notes or a notice of satisfaction and discharge with respect to the 2024 Notes.

Forward Air Releases 2023 Environmental, Social and Governance Report

Retrieved on:

Tuesday, November 7, 2023

Forward Air Corporation (NASDAQ: FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) announced today the release of its updated Environmental, Social and Governance (ESG) report, providing a detailed overview of its ESG commitments, goals and progress.

Key Points:

Forward Air Corporation (NASDAQ: FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”) announced today the release of its updated Environmental, Social and Governance (ESG) report, providing a detailed overview of its ESG commitments, goals and progress.
The 2023 ESG report includes measurable targets and data that reflect Sustainability Accounting Standards Board, Task Force on Climate-Related Financial Disclosures and Global Reporting Initiative guidance.
The report and ESG website are accessible through Forward's investor relations site here .
Forward is committed to making a positive impact on its business, its people and the environment.

Forward Air Corporation Reports Third Quarter 2023 Results

Retrieved on:

Monday, October 30, 2023

Other Transport, Trucking, Logistics, Supply Chain Management, Air, Transport, Omni, Texas Air Corporation, Acquisition, LTL, Growth, CFO, Table, Cargo

Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and nine months ended September 30, 2023 as presented in the tables below.

Key Points:

Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and nine months ended September 30, 2023 as presented in the tables below.
In addition to the growth of our LTL volumes, our third quarter of 2023 weight per shipment increased +8% over the same period in the prior year.
In addition, we grew our LTL direct shipper customer count by more than 33% from third quarter of 2022 to third quarter of 2023 to over 240 direct shipper customers.
In the third quarter of 2023, our door-to-door revenue increased 12% over the same period in the prior year.

Forward Air Corporation Announces Timing of Third Quarter 2023 Earnings Release and Conference Call

Retrieved on:

Wednesday, October 18, 2023

Other Transport, Trucking, Rail, Air, Transport, Texas Air Corporation, Cryptocurrency

Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2023 earnings after the market closes on Monday, October 30, 2023 and hold a conference call to discuss those results on the following day, Tuesday, October 31, 2023 at 9:00 a.m.

Key Points:

Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2023 earnings after the market closes on Monday, October 30, 2023 and hold a conference call to discuss those results on the following day, Tuesday, October 31, 2023 at 9:00 a.m.
The Company’s conference call will be available online on the Investor Relations portion of the Company’s website at ir.forwardaircorp.com , or by dialing (844) 767-5679, Access Code: 7274129.
Since we use our Investor Relations website as a primary mechanism to communicate with our investors, investors are urged to monitor the Investor Relations portion of the Company’s website to easily find or navigate to current and pertinent information about us.
A replay of the conference call will be available on the Investor Relations portion of the Company’s website at ir.forwardaircorp.com beginning shortly after completion of the live call.