Forward Air offloads final-mile business to Hub Group for $262m
PRESS RELEASE December 20, 2023 GREENEVILLE, Tenn.–(BUSINESS WIRE)– Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) ...
US transport management giant Hub Group is making a determined move into the reefer cargo business.
It is taking over Choptank, a Maryland-based truck brokerage that specialises in reefer traffic, for $130m in cash, it was announced last week.
The company says it wants to develop its cold chain business, which it expects to more than double over the next eight years.
Hub Group’s management was drawn to Choptank by the prospect of building up lucrative reefer business, as well as developing cross-selling ...
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