Forward Air acquires intermodal carrier, expands drayage capability

November 3, 2021

In a move that strengthens its intermodal capabilities, Forward Air Corporation (CCJ Top 250, No. 50) acquired BarOle Trucking, Inc. and the trucking-related assets of TKI Intermodal, LLC, the company confirmed Wednesday.

BarOle Trucking is the largest intermodal carrier in the Twin Cities. Minneapolis-based TKI a is shipping company specializing in container drayage transportation and storage.

“The trucking and logistics industry is under unprecedented pressure, especially within the intermodal market, as we have seen higher demand than normal,” said Tom Schmitt, Forward Air chairman and CEO. “The acquisitions are a continuation of our business strategy, empowering us with the additional resources necessary to meet growing customer demand while driving efficiency, market expansion and industry-leading career opportunities.”