Forward Air Corp. (Nasdaq: FWRD) has closed a deal for Central States Trucking Co. and Central States Logistics Inc. for about $96 million.
The Bensenville, Ill.-based companies provide container and intermodal transportation services, primarily in the Midwest U.S. Central States also provides airport-to-airport transportation services, as well as warehouse options. The deal was originally announced in January. The companies were both sold by Central States Inc.
Forward Air, headquartered in Greeneville, Tenn., operates through three segments, which provide air-cargo, pool distribution and temperature-controlled transportation services.
Other recent transportation deals include XPO Logistics’ (NYSE: XPO) deal for Pacer International Inc.in January, and Kinder Morgan Energy Partners LP’s (NYSE: KMP) deal for two shipping companies.