Forward Air

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL and Intermodal. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

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Forward Air (FWRD) reports record year with focus on high-value freight and strategic growth initiatives

Forward Air (FWRD) navigated challenges in Q4 with a focus on high-value freight and cost management. Optimistic outlook for 2023 with growth initiatives targeting EPS ahead of 2022. Mitigation strategies in place for challenges like fuel headwinds and GRI adjustments.

Forward Air revises 2023 expectations, sees growth opportunities ahead

Forward Air revised its 2023 performance expectations lower due to Q1 challenges but remains focused on strategic initiatives for growth.
Despite revenue and cost management challenges, the company is seeing positive outcomes from its Go Forward strategy and operational improvements.
With a conservative outlook for Q2 and confidence in navigating the freight recession, Forward Air is poised for future growth opportunities.

Forward Air shows resilience in tough freight market, eyes growth

Forward Air navigated challenges in the freight market with improved tonnage trends and a strategic focus on high-value freight and service excellence.
The company's emphasis on margin expansion, industry-leading service levels, and proactive volume guidance positions it well for growth opportunities amidst market uncertainties.
Despite ongoing challenges and the need for cautious guidance, Forward Air remains resilient and adaptive, leveraging its strengths to drive profitability and customer satisfaction.
Opportunities in industrial sectors, margin expansion efforts, and strategic growth initiatives offer Forward Air avenues for growth and market expansion in the upcoming quarters.

Forward Air reports Q3 turnaround in LTL performance and strategic growth plans

Forward Air's Q3 performance showed improvement in LTL operations and a commitment to organic growth strategies. Despite challenges with the Omni acquisition and legal issues, the company is focused on stability and clarity for stakeholders. Opportunities exist in strategically growing the LTL business and deploying capital for growth initiatives.

Forward Air reports Q4 earnings decline, focuses on deleveraging

Forward Air's Q4 performance reflected challenges from one-off costs related to the Omni acquisition but showcased positive operational trends in its core business segments.
The company's focus on deleveraging and cost synergies post-merger highlights a commitment to financial stability and operational efficiency.
While facing challenges in 2023, Forward Air remains optimistic about opportunities for revenue growth, cost savings, and customer retention post-acquisition.

Forward Air reports Q1 revenue growth amidst EBITDA decline

Forward Air faced challenges in Q1 due to weak freight environment and distractions but expressed optimism for future performance.
Revenue growth in the less-than-truckload business was a highlight, with progress in Omni integration and cost synergies.
Management's confidence in meeting financial covenants, generating positive cash flow, and controlling costs is notable.
Actions taken to improve liquidity, deleverage, and achieve positive cash flow in the second half of the year show a proactive approach.

Forward Air reports robust Q2 revenue growth and transformation goals

Forward Air's Q2 2024 performance reflects strong revenue growth and improved EBITDA, driven by the Omni acquisition.
While facing challenges such as impairment charges and cash flow usage, the company is focused on operational enhancements and cost reductions.
Opportunities lie in the company's transformation goals, with a clear path to achieving breakeven to positive cash flow and continued financial improvement.

Forward Air reports robust Q3 results, eyes growth through Omni integration

Forward Air's Q3 2024 performance was strong, with revenue growth and improved liquidity, supported by ongoing transformation efforts and strategic initiatives.
While facing challenges in asset sales, revenue trends, and working capital management, the company is well-positioned to navigate these hurdles.
By capitalizing on the integration of Omni, enhancing the sales strategy, and addressing customer trends, Forward Air can unlock growth opportunities and drive future success.

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The mean of analysts' price targets for Forward Air (FWRD) points to a 51.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Forward Air (FWRD) Could Rally 52%: Here's is How to Trade

Forward Air (FWRD) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is Forward Air (FWRD) a Solid Growth Stock? 3 Reasons to Think "Yes"

Forward Air (FWRD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes Forward Air (FWRD) a New Strong Buy Stock

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company,” “Forward,” “we,” “our,” or “us”), today provided the following key Expedited Freight Operating Statistics for the quarter-to-date period through May 2022. Revenue per shipment increased 40.7%, weight per shipment increased 15.4% and pounds per day increased 0.4% over the same period last year. Tom Schmitt, Chairman, President, and Chief Executive Officer of Forward, commented, “We remain focused on the s

Forward Air Provides Mid-Quarter Update on Second Quarter 2022 Performance

The average of price targets set by Wall Street analysts indicates a potential upside of 51.4% in Forward Air (FWRD). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Forward Air (FWRD) Could Rally 51%: Here's is How to Trade

Looking for a Growth Stock? 3 Reasons Why Forward Air (FWRD) is a Solid Choice

Forward Air announced Monday the acquisition of intermodal drayage company Edgmon Trucking. Located in Kent, Washington, Edgmon serves the ports of Seattle and Tacoma, operating a 5-acre facility in Kent and a 2-acre yard in Seattle.

Forward Air adds West Coast intermodal drayage provider

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as the ongoing LTL network expansion, and inorganic investments, including acquisitions of complementary businesses. As part of the inorganic growth strategy, Forward today announced that it has entered into an agreement to acquire the assets of Edgmon Trucking, LLC (“Edgmon Trucking”), a privately held int

Forward Air Acquires Edgmon Trucking to Grow West Coast Intermodal Drayage Operations

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Forward Air (FWRD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Forward Air (FWRD) Gain on Rising Earnings Estimates?

Forward Air Corporation (NASDAQ:FWRD ) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Thomas Schmitt - Chairman, President and Chief Executive Officer Rebecca Garbrick - Chief Financial Officer and Treasurer Conference Call Participants Bruce Chan - Stifel Jack Atkins - Stephens Tyler Brown - Raymond James Todd Fowler - Keybanc Capital Markets Scott Group - Wolfe Research Bascome Majors - Susquehanna Financial Group Operator Thank you for joining Forward Air Corporation's First Quarter 2022 Earnings Release Conference Call. Before we begin, I'd like to point out that both the press release and webcast presentation for this call are accessible on the Investor Relations section of Forward Air's website at www.forwardaircorp.com.

Forward Air Corporation's (FWRD) CEO Thomas Schmitt on Q1 2022 Results - Earnings Call Transcript

Management from Forward Air said Thursday that March was the best month in the company's history, with its less-than-truckload segment experiencing three of the highest tonnage weeks on record. The comments came on its first-quarter call, which highlighted the progress the asset-light trucking company has made transitioning its freight mix away from low-paying, light shipments to heavier loads.

Forward Air to hit 2023 EPS target a year early

Forward Air (FWRD) delivered earnings and revenue surprises of 3.29% and 2.95%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Forward Air (FWRD) Q1 Earnings and Revenues Surpass Estimates

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three months ended March 31, 2022 as presented in the tables below on a continuing operations basis. Tom Schmitt, Chairman, President and CEO, commenting on first quarter results from continuing operations said, “Strong financial performance resulted in all-time quarterly records set for our first quarter reported revenue, net income and net i

Forward Air Corporation Reports First Quarter 2022 Results

Forward Air (FWRD) is an Incredible Growth Stock: 3 Reasons Why

Shares of Forward Air Corp. FWRD, +1.27% jumped 1.5% in morning trading Monday, putting them on track for a fifth-straight gain, after the trucker raised its first-quarter profit and revenue outlook, citing "continued strong demand for services." The company raised its net earnings-per-share guidance range to $1.52 from $1.61 from $1.15 to $1.19, which compares with FactSet consensus of $1.21.

Forward Air's stock rallies toward 5th-straight gain after raising profit, revenue outlook

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) today announced the grand opening of its expanded Columbus (CMH) Support Center. The new Support Center represents a strategic investment in the Company's commitment to deliver a better experience for its employees, customers and independent contractor drivers. By consolidating support teams from multiple facilities around Columbus into one centralized location, the Company is positioned to

Forward Air Announces Opening of New Support Center in Columbus

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its first quarter 2022 earnings after the market closes on Wednesday, April 27, 2022 and hold a conference call to discuss those results on the following day, Thursday, April 28, 2022 at 9:00 a.m. EDT. The Company's conference call will be available online on the Investor Relations portion of the Company's website at www.forwardaircorp.com, or by dialing (844) 721-7237, Access Code: 7291478. Since we use our

Forward Air Corporation Announces Timing of First Quarter 2022 Earnings Release and Conference Call

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Scoop Up 3 Trucking Stocks With Dividend Hikes to Aid Portfolio

Forward Air Ranked #3 Most Trusted Transport, Logistics, & Packaging Company GREENEVILLE, Tenn. , March 31, 2022 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") was recently named one of America's Most Trusted Companies of 2022 by Newsweek and Statista.

Newsweek Names Forward Air as One of the Most Trusted Companies in America

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Forward Air (FWRD) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Forward Air (FWRD) Stock Stands Out in a Strong Industry

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) today provided the following key Expedited Freight Operating Statistics for the quarter-to-date period through February 2022. Revenue per shipment increased 52.5%, revenue per hundredweight increased 16.1%, weight per shipment increased 28.7% and pounds per day increased 10.7% over the same period last year. Tom Schmitt, Chairman, President, and Chief Executive Officer of

Forward Air Provides Mid-Quarter Update on First Quarter 2022 Performance

ATLANTA, March 2, 2022 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company", "Forward", "we", "our", or "us") is pleased to announce that its Chief Commercial Officer, Scott Schara, has been recognized as a 2022 Georgia Titan 100. The Titan 100 program, presented by Titan CEO and headline sponsor Wipfli LLP, recognizes Georgia's Top 100 CEO's & C-level executives.

Forward Air Chief Commercial Officer Named a 2022 Georgia Titan 100

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