Forward Air Corp. posted higher revenue but lower-than-expected earnings in the third quarter of 2018. The company also announced that it has agreed to acquire substantially all of the assets of Southwest Freight Distributors, a drayage service provider based in Dallas, for an undisclosed amount.
October 24, 2018BusinessLogisticsTop 100
Forward Air Reports Strong 2Q Earnings
Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.
July 26, 2018BusinessTop 100
Forward Air First-Quarter Results Better Than Expected
Forward Air Corp. reported better-than-expected results in the first quarter as strong demand and tight truckload capacity boosted expedited less-than-truckload shipping and intermodal services.
April 25, 2018Business
Forward Air Chooses TCG’s Pricing Program
Less-than-truckload giant Forward Air decided to go with an outside provider as it upgraded its cost-analysis system for determining pricing, licensing the LTL Cost Information System from Transportation Costing Group.
March 5, 2018Business
Forward Air Reports Mixed Results in 4Q
Greeneville, Tenn.-based Forward Air Corp. reported Feb. 7 fourth-quarter net income of $35.4 million, or $1.18 earnings per share, compared with $12.7 million, or 42 cents, in the fourth quarter a year ago.
February 8, 2018BusinessLogistics
Forward Air Posts Solid Year-Over-Year Gain in Profits
Forward Air Corp. had a steady third quarter with its results slightly topping analysts’ forecasts, indicating the for-hire carrier is moving at a measured pace for the year.
October 25, 2017Business
Forward Air Reverses Second-Quarter Net Loss in 2016, Posts Nearly $20 Million in Profits
Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.
July 26, 2017BusinessLogistics
Forward Air Closes Deal With Atlantic Trucking Co.
Forward Air Corp. has acquired the assets of Atlantic Trucking Co. in a deal finalized May 18, just more than one month after it was first announced.
May 19, 2017BusinessLogistics
Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air
Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.
April 26, 2017BusinessLogistics
Forward Air Acquires Assets of Atlantic Trucking Co.
Forward Air Corp. moved to expand its intermodal trucking business in the southeastern United States with the purchase of substantially all of the assets of Atlantic Trucking Co. and its affiliates in Charleston, S.C.
April 11, 2017