expedited LTL

How expedited LTL shipping just became painless

If you do any less-than-truckload shipping, you’ve likely experienced the anxiety that comes with needing to move freight fast but seeing no expedited shipping option in your transportation management system.

But, you don’t have another choice; you still need to move those goods in one or two days. You’re forced to spend hours researching online and making phone calls to carriers, keeping your fingers crossed that one of them can move your shipment in your specific lane. 

What would it be like if...

https://www.freightwaves.com/news/how-expedited-ltl-shipping-just-became-painless

Pilot Freight buys expedited carrier to integrate e-commerce delivery

Drivers unload furniture from a truck to bring in a home. Pilot Freight is the company.

Pilot Freight Services, a logistics provider backed by private equity, announced Monday it has acquired expedited less-than-truckload carrier American Linehaul to provide intercity capacity for its growing e-commerce business.

American Linehaul runs a scheduled airport-to-airport, LTL linehaul system that forwarders often use as a less expensive, sometimes faster, alternative for shipments booked to move by air. The network — with more than 66 outbound airport cities and 70 destinations,...

https://www.freightwaves.com/news/pilot-freight-buys-expedited-carrier-to-integrate-e-commerce-delivery

Forward Air doubles down amid heightened interest from activists

Management says LTL margins can get back to 15%

Following scrutiny from an activist investor group, which includes the company’s founder and former CFO, management at asset-light trucking and logistics company Forward Air (NASDAQ: FWRD) doubled down on its approach to the business during its fourth-quarter call with analysts Friday.

The investor group led by Ancora Advisors issued an open letter to shareholders Wednesday, voicing discontent with the current direction of the company and announcing its decision to nominate four candidates for...

https://www.freightwaves.com/news/forward-air-doubles-down-amid-heightened-interest-from-activists

Activist investors seek 4 seats on Forward Air board

Activist investors seek to "enhance shareholder value"

In an open letter to shareholders on Wednesday, activist investor Ancora Advisors announced that it has nominated four candidates for election to the board of asset-light trucking and logistics company Forward Air (NASDAQ: FWRD).

After unsuccessful discussions between the board and the investor group, which also includes Forward’s founder Scott Niswonger and former CFO Andy Clarke, it appears a proxy battle is now in the works.

The letter asserts Forward has the potential to be a “best-in-class...

https://www.freightwaves.com/news/activist-investors-seek-4-seats-on-forward-air-board

Former CFO sees ‘better path’ for Forward Air

Activist investors seek changes at Forward Air

FreightWaves had a chance to talk with Andy Clarke, one of the activist investors looking to reshuffle the deck at expedited trucking company Forward Air (NASDAQ: FWRD). Clarke has held leadership roles with various transportation companies, including his time as CFO at Forward.

A December filing with U.S. Securities and Exchange Commission revealed that a group of investors, including Cleveland-based investment firm Ancora Advisors, Forward’s founder Scott Niswonger and Clarke, intend to make...

https://www.freightwaves.com/news/former-cfo-sees-better-path-for-forward-air

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