Forward Air Corp. said it will buy Central States Trucking Co. for $95.6 million.
The purchase from Central States Inc. includes the company's Central States Logistics unit. Founded in 1980, CST provides container and intermodal drayage services, primarily in the Midwest.
Bensenville, Ill.-based CST also provides airport-to-airport linehaul service and dedicated contract and container freight station warehouse services.
CST has a seven-terminal network and about 500 office employees and drivers. Last year, it had unaudited revenue of about $66 million.
CST is "extremely pleased to join the Forward Air team," CEO Bryan Grane said in a statement. "We feel that combined with Forward Air's strengths in expedited linehaul and final-mile LTL solutions, our new partnership will allow CST to more quickly achieve our corporate vision to be the market leader in international supply chain trucking and warehousing."
