Container Freight Swap Agreement

To instigate foreign investment, increase the attractiveness and efficiency of the capital market, and enhance regional and international market competitiveness: The Capital Market Authority Approves the Rules for Foreign Investment in Securities

Retrieved on: 
Friday, May 5, 2023

RIYADH, Kingdom of Saudi Arabia, May 05, 2023 (GLOBE NEWSWIRE) -- The Capital Market Authority ("CMA") approved the Rules for Foreign Investment in Securities (the “Rules"), Amendments to the Investment Accounts Instructions, Amendments to the Implementing Regulation of the Companies Law for Listed Joint Stock Companies and Amendments to the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publications.

Key Points: 
  • The approved Rules only requiring the QFI to open an investment account in accordance with the Investment Accounts Instructions issued by CMA.
  • This is to ensure the obligation of the capital market institution to make sure that the QFI is meeting all relevant qualification conditions.
  • The rules will also contribute to the transformation of knowledge and experiences in local capital institutions and investors, thereby enhancing the role played by institutional investors in the Saudi capital market.
  • In addition, the foreign investors' ownership ratio of the free float total market value increased from 3.77% in 2018 to 14.21% by the end of 2022.

Forward Air Provides Mid-Quarter Update on Fourth Quarter 2022 Performance

Retrieved on: 
Thursday, December 8, 2022

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 2022.

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 2022.
  • Forward Air is a leading asset-light provider of transportation services across the United States and Canada.
  • This press release may contain statements that might be considered as forward-looking statements or predictions of future operations including with respect to the Companys performance for the fourth quarter of 2022 and fiscal year 2023.
  • These statements and assumptions involve certain risks and uncertainties including that the Companys performance in the fourth quarter of 2022 is worse than anticipated.

Forward Air Announces 2023 General Rate Increase

Retrieved on: 
Thursday, December 8, 2022

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 6, 2023.

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 6, 2023.
  • Factors necessitating the GRI include increased costs in real estate, equipment, cost per mile and economic inflation.
  • As an expedited carrier, the Forward operates on demand without the long lead times that traditional carriers require.
  • Forward Air is a leading asset-light provider of transportation services across the United States and Canada.

Forward Air Releases Updated Environmental, Social and Governance Report Via New Dedicated Website

Retrieved on: 
Wednesday, November 16, 2022

Today, Forward announced the release of its updated Environmental, Social and Governance (ESG) report, providing a detailed overview of the Companys ESG commitments through a new ESG-specific website.

Key Points: 
  • Today, Forward announced the release of its updated Environmental, Social and Governance (ESG) report, providing a detailed overview of the Companys ESG commitments through a new ESG-specific website.
  • In March, 2021, Forward published its first ESG report, signaling the Company's commitment to building an operational model focused on sustainability, governance and accountability.
  • The Companys 2022 ESG report reinforces Forwards intent to make a positive impact on its business, its people and the environment.
  • Tom Schmitt, Chairman, President and CEO, said, "Last year, we laid out our top ten priorities with our first ESG report.

Forward Air Corporation to Present at the Stephens 24th Annual Investment Conference on Tuesday, November 15, 2022

Retrieved on: 
Tuesday, November 15, 2022

Today, Forward announced that on Tuesday, November 15, 2022, at approximately 1:00 p.m. CST, Tom Schmitt, Chief Executive Officer, and Rebecca Garbrick, Chief Financial Officer, will participate in a fireside chat at the Stephens 24th Annual Investment Conference in Nashville, Tennessee.

Key Points: 
  • Today, Forward announced that on Tuesday, November 15, 2022, at approximately 1:00 p.m. CST, Tom Schmitt, Chief Executive Officer, and Rebecca Garbrick, Chief Financial Officer, will participate in a fireside chat at the Stephens 24th Annual Investment Conference in Nashville, Tennessee.
  • Interested parties may listen to the presentation via a live webcast by clicking here .
  • Forward Air is a leading asset-light provider of transportation services across the United States and Canada.
  • We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals.

Forward Air Expands Intermodal Drayage Offering with Acquisition of Chickasaw Container Services

Retrieved on: 
Monday, November 7, 2022

As part of the inorganic growth strategy, Forward today announced that it has entered into an agreement to acquire the assets of Chickasaw Container Services, Inc. (CCS), a privately held intermodal drayage provider.

Key Points: 
  • As part of the inorganic growth strategy, Forward today announced that it has entered into an agreement to acquire the assets of Chickasaw Container Services, Inc. (CCS), a privately held intermodal drayage provider.
  • In addition to drayage services, CCS also provides container storage and sales at both of its locations.
  • The acquisition of CCS allows Forward to expand intermodal drayage operations in the Mobile market while bolstering an already strong presence in the Memphis market.
  • In addition, we offer final mile services, including delivery of heavy-bulky freight, truckload brokerage services, including dedicated fleet services; and intermodal, first-and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services.

Forward Air Corporation Announces Timing of Third Quarter 2022 Earnings Release and Conference Call

Retrieved on: 
Wednesday, October 12, 2022

Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2022 earnings after the market closes on Wednesday, October 26, 2022 and hold a conference call to discuss those results on the following day, Thursday, October 27, 2022 at 9:00 a.m. EDT.

Key Points: 
  • Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2022 earnings after the market closes on Wednesday, October 26, 2022 and hold a conference call to discuss those results on the following day, Thursday, October 27, 2022 at 9:00 a.m. EDT.
  • The Companys conference call will be available online on the Investor Relations portion of the Companys website at www.forwardaircorp.com , or by dialing (844) 291-5490, Access Code: 6420664.
  • A replay of the conference call will be available on the Investor Relations portion of the Companys website at www.forwardaircorp.com beginning shortly after completion of the live call.
  • Forward Air is a leading asset-light provider of transportation services across the United States and Canada.

Forward Air Provides Mid-Quarter Update on Third Quarter 2022 Performance

Retrieved on: 
Monday, September 12, 2022

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 August 2022.

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 August 2022.
  • Forward Air is a leading asset-light provider of transportation services across the United States and Canada.
  • This press release may contain statements that might be considered as forward-looking statements or predictions of future operations including with respect to the Companys performance for the third quarter of 2022.
  • These statements and assumptions involve certain risks and uncertainties including that the Companys performance in the third quarter of 2022 is worse than anticipated.

Nancee Ronning Joins Forward Air as Chief Commercial Officer

Retrieved on: 
Thursday, September 8, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220908005413/en/
    Nancee Ronning Joins Forward Air as Chief Commercial Officer (Photo: Business Wire)
    Today, Forward announced that Nancee Ronning has accepted the role of Chief Commercial Officer and will join the Companys leadership team at the end of September.
  • Ms. Ronning brings a strong track record of profitable growth from GE Capital, Merrill Corporation and BNSF Logistics to Forward.
  • She will be responsible for Forwards commercial strategy and organic growth across all Forward businesses.
  • Ms. Ronning joins Forward from BNSF Logistics, where she served as Chief Operating Officer.

Forward Air Corporation Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

Retrieved on: 
Monday, July 11, 2022

Forward Air Corporation (NASDAQ:FWRD) will release its second quarter 2022 earnings after the market closes on Wednesday, July 27, 2022 and hold a conference call to discuss those results on the following day, Thursday, July 28, 2022 at 9:00 a.m. EDT.

Key Points: 
  • Forward Air Corporation (NASDAQ:FWRD) will release its second quarter 2022 earnings after the market closes on Wednesday, July 27, 2022 and hold a conference call to discuss those results on the following day, Thursday, July 28, 2022 at 9:00 a.m. EDT.
  • The Companys conference call will be available online on the Investor Relations portion of the Companys website at www.forwardaircorp.com , or by dialing (844) 867-6163, Access Code: 4227639.
  • A replay of the conference call will be available on the Investor Relations portion of the Companys website at www.forwardaircorp.com beginning shortly after completion of the live call.
  • Forward Air is a leading asset-light freight and logistics company that provides services across the United States and Canada.