We study the scenario in which traveling pulses emerge in a prototypical type-I one-dimensional excitable medium, which exhibits two different routes to excitable behavior, mediated by a homoclinic (saddle-loop) and a saddle-node on the invariant cycle bifurcations. We characterize the region in parameter space in which traveling pulses are stable together with the different bifurcations behind either their destruction or loss of stability. In particular, some of the bifurcations delimiting the stability region have been connected, using singular limits, with the two different scenarios that mediated type-I local excitability. Finally, the existence of traveling pulses has been linked to a drift pitchfork instability of localized steady structures.