Forward air announces sale of final mile business

Greeneville, tenn.--(business wire)--forward air corporation (nasdaq: fwrd) (the “company” or “forward”) is pleased to announce the sale of its final mile business to hub group, inc. for an estimated total cash consideration of $262 million. for the twelve months ended september 30, 2023, final mile generated approximately $289 million in revenue. final mile has approximately 45 locations and more than 640 employees that will transfer to hub group, inc. tom schmitt, chairman, president, and ceo.
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