Forward Air buys Total Quality to expand in cold-chain logistics

Greenville, TN, US: Forward Air, a logistics provider to the North American airfreight and less-than-truckload industries, has acquired Total Quality which provides temperature-controlled services for pharmaceutical and life sciences industries.

Forward Air paid US$66m in cash for the Grand Haven, Michegan-based company. The transaction expands Forward Air’s presence in cold-chain logistics.

Total Quality’s current management, led by Terry Fewless, its founder and president, will stay on and continue to run the business.

Total Quality, which has been in business since 1992, has been expanding its revenue at a 15-percent annualized clip for the past several years. The company expects that growth to continue for the next few years. It has about $55 million in annual revenue.

Forward Air provides a less-expensive alternative to air transport but still provides time-definite delivery.

WORLD NEWS

Registration open for 22nd GCCA European Cold Chain Conference

Brussels, Belgium: Registration is now open for the 22nd GCCA European Cold Chain Conference, taking place 20-22 March 2019 in Brussels, Belgium. Hosted by the Global Cold Chain Alliance …

READ THE FULL STORY >

Temperature controlled logistics in biopharmaceuticals

Milan, Italy: The 15th Annual Temperature Controlled Logistics in Biopharmaceuticals returns to Milan. The largest European clinical and commercial pharmaceutical supply chain will bring together …

READ THE FULL STORY >

ContainerLine magazine is now available

Singapore: The latest edition of Carrier Transicold’s ContainerLine magazine is available on line. The current issue includes news about shipping line MSC’s addition of 5,000 …

READ THE FULL STORY >

Krone reports sales over €2bn

Werlte, Germany: Krone Group has reported record turnover of €2.1bn for the year ending July 2018 up on the previous year of €1.9bn. Over two …

READ THE FULL STORY >

WHAT’S ON

Latest Tweets

20th Clinical Trial Supply Europe conference set for Milan: bit.ly/2MiJhWC

© 2019 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ