United Continental Holdings (NYSE: UAL) today announced a new logistics agreement between United Cargo, the cargo division formed by the merger of United and Continental Airlines, and Forward Air, Inc. Under the terms of this multi-year agreement, Forward Air is now the primary provider of expedited ground transportation service in the U.S. for United Cargo.
Subsidiary Continental Cargo and subsidiary United Cargo both had extensive trucking networks to support their transport of cargo by air. Aligning these two networks, and contracting with Forward Air as primary provider of trucking service in the U.S., provides a wealth of benefits for the combined United Cargo and its customers. These benefits include additional destinations, increased frequency, optimized capacity and access to Forward Air’s 24/7 logistics support team and state-of-the-art shipment tracking tools.
“For the past five years, Forward Air has delivered exemplary service to United Cargo’s customers as our primary trucking service provider in the eastern U.S.,” said Robbie Anderson, President of United Cargo. “We are very pleased to bring Forward Air’s unlimited capacity, proven reliability and innovative technology to our customers throughout the country.”
“We are excited that United Airlines has chosen Forward Air as its primary provider of expedited ground transportation for its cargo network,” said Bruce A. Campbell, President of Forward Air. “We will continue to provide United Cargo and its customers the same level of superior service that has been Forward Air’s hallmark, and we look forward to the opportunity to serve United Cargo’s entire U.S. expedited ground transportation market. ”About United Continental Holdings, Inc. United Continental Holdings, Inc. (NYSE: UAL) is the holding company for both United Airlines and Continental Airlines. Together with United Express, Continental Express and Continental Connection, these airlines operate an average of 5,765 flights a day to 377 airports on six continents from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York/Newark Liberty, San Francisco, Tokyo and Washington, D.C. United and Continental are members of Star Alliance, which offers more than 21,200 daily flights to 1,185 airports in 185 countries. United and Continental’s more than 80,000 employees reside in every U.S. state and in many countries around the world. For more information about United Continental Holdings, Inc., go to UnitedContinentalHoldings.com. For more information about the airlines, see united.com and continental.com or follow on Twitter and Facebook. About Forward Air Corporation Forward Air Corporation (NASDAQ: FWRD) operates two business segments, Forward Air, Inc. and Forward Air Solutions, Inc. Forward Air, Inc. is a high-service-level contractor to the air cargo industry providing time-definite ground transportation services through a network of terminals located on or near major airports in 84 cities in the United States and Canada. It provides these services as a cost-effective alternative to air transportation of cargo that must be delivered at a specific time but is relatively less time-sensitive than traditional air freight or when air transportation is not economical.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV