Forward Air announced Monday it has expanded its intermodal operations again.
The Greeneville, Tennessee-based asset-light transportation provider said it is adding a drayage operation in Linden, New Jersey, to serve Port Newark.
The new location for Forward (NASDAQ: FWRD) will be served out of its existing less-than-truckload facility in the area in conjunction with the operation of a nearby container drop yard. The service will then move into a new building in a few months. Forward expects to increase transloading efficiencies and improve service times for customers in the market.
With this location Forward now has 30 intermodal terminals in its network.
“Customer demand continues to drive growth within our intermodal business,” Chairman, President and CEO Tom Schmitt said in a news release. “The partnerships we build with our customers and the local communities in North America are an important part of our growth strategy.”
A total of 35 jobs, including drivers, will be required to run the site.
Forward has been acquiring intermodal drayage operators in recent years. It added an Alabama-based depot, drayage and trucking services provider in November.
Forward Intermodal generated more than $400 million in revenue last year, which is just part of Forward’s $2 billion freight platform.
The company has also been growing its less-than-truckload terminal network and acquired expedited LTL provider Land Air Express earlier this year.
More FreightWaves articles by Todd Maiden
- ArcBest names new CFO
- Yellow accuses Teamsters leadership of negotiating in ‘bad faith’
- Radiant Logistics completes restatement of financials
Freight volumes treading water
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now