Forward Air (NASDAQ: FWRD) announced that it has acquired another last-mile provider to build out its network. This time the Greeneville, Tennessee-based trucking company had to travel only 30 miles Northeast to acquire Johnson City, Tennessee-based CLW Delivery Inc.
The Wednesday press release said the $5.5 million deal will be funded with cash on hand and close in October.
CLW specializes in final-mile delivery and in-home installation for retailers and manufacturers. The outfit generates $20...
https://www.freightwaves.com/news/forward-air-acquires-another-final-mile-provider