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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GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”), is providing a mid-quarter update on key Expedited Freight Operating Statistics for the month of October 2021. Year-over-year pounds per day increased 16%, weight per shipment increased 33%, revenue per hundredweight increased 11%, and revenue per shipment increased 52%. “October results look terrific and showcase the ongoing momentum that resulted from continued strong

Forward Air Publishes Positive Mid-Quarter Update for its Fourth Fiscal Quarter 2021

Forward Air Corp (NASDAQ: FWRD) has entered into two separate agreements to acquire the assets of BarOle Trucking, Inc. and the trucking-related assets of TKI Intermodal, LLC. Financial terms were not disclosed.

Forward Air Acquires BarOle Trucking, TKI Intermodal For Undisclosed Sum

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”) is executing a growth strategy that involves organic infrastructure investments, such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Our primary focus is to pursue accretive acquisitions that complement or expand the Expedited LTL division, while continuing to grow our intermodal segment with str

Forward Air Acquires BarOle Trucking Company and TKI Intermodal, LLC

Forward Air Corporation (FWRD) CEO Tom Schmitt on Q3 2021 Results - Earnings Call Transcript

Management from Forward Air told analysts on its third-quarter earnings call Thursday that “cleansing” its customer book drove record results in the period. The Greeneville, Tennessee-based asset-light trucking and logistics company has been upgrading the freight mix to include “denser, high-value freight.

Freight swap leads Forward Air to Q3 record; 2023 targets issued

Forward Air (FWRD) delivered earnings and revenue surprises of 8.57% and 0.12%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Forward Air (FWRD) Q3 Earnings and Revenues Top Estimates

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and nine months ended September 30, 2021 as presented in the tables below on a continuing operations basis (Pool Distribution was previously reported as a discontinued operation). Tom Schmitt, Chairman, President and CEO, commenting on third quarter results from continuing operations said, “During the months of July and August, we comple

Forward Air Corporation Reports Third Quarter 2021 Results

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air releases 3rd quarter 2021 earnings Wed, Oct. 27, 2021 & holds a conference call to discuss results, Thurs, Oct. 28, 2021 at 9:00 A.M. EDT

Forward Air Corporation Announces Timing of Third Quarter 2021 Earnings Release and Conference Call

The devastating ransomware attack that hit Forward Air Corp. in December may have exposed sensitive personal information of current and former employees, according to data breach notices sent by the trucking giant. The Tennessee-based firm sent letters to the attorney general offices in at least four states — California, Vermont, Montana and New Hampshire — on Sept.

Ransomware attack on Forward Air may have exposed sensitive employee data

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

Surging Earnings Estimates Signal Upside for Forward Air (FWRD) Stock

Forward Air Corporation (FWRD) CEO Tom Schmitt on Q2 2021 Results - Earnings Call Transcript

In a record-setting quarter, Forward Air reported net income from continuing operations of $1.11 per share Thursday after market close, easily exceeding the consensus estimate of 96 cents and 78 cents higher than the second quarter of 2020. The Greeneville, Tennessee-based asset-light trucking and logistics company [NASDAQ: FWRD] reported revenue of $420.7 million, a 49.3% year-over-year increase that also set a quarterly record for the company.

Forward Air sets quarterly financial records, sees record volumes in Q3

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) (the “Company”, “we”, “our”, or “us”) today reported financial results for the three and six months ended June 30, 2021 as presented in the tables below on a continuing operations basis (Pool Distribution was previously reported as a discontinued operation). Tom Schmitt, Chairman, President and CEO, commenting on second quarter results from continuing operations said, “Business momentum continued during the quarter culmi

Forward Air Corporation Reports Second Quarter 2021 Results

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Forward Air (FWRD) could produce exceptional returns because of its solid growth attributes.

3 Reasons Growth Investors Will Love Forward Air (FWRD)

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 its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward announced that it will expand its expedited less-than-truckload (LTL) service in Vancouver, BC. Using a local partner, Forward now offers expedited LTL service in and ou

Forward Air Corporation Announces New LTL Service Offering in Vancouver

Forward Air (FWRD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Forward Air (FWRD) Upgraded to Strong Buy: Here's Why

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its second quarter 2021 earnings after the market closes on Thursday, July 29, 2021 and hold a conference call to discuss those results on the following day, Friday, July 30, 2021 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) 867-6169, Access Code: 1588037. Since we use our Inv

Forward Air Corporation Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

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 its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward was named top Air/Expedited Carrier by Transport Topics. The annual rankings list top companies across several transportation segments based on annual revenue. In additi

Forward Named #1 Expedited Carrier By Transport Topics

Asset-light trucking and logistics provider Forward Air (NASDAQ: FWRD) announced Friday that Rebecca Garbrick will become the company's CFO and treasurer effective July 4. Garbrick joined Forward in November as VP and controller.

Forward Air names recently hired Rebecca Garbrick to CFO role

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 its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward announced that Rebecca Garbrick has been named Chief Financial Officer and Treasurer of the Company, effective July 4, 2021. Ms. Garbrick joined Forward in November 2020

Forward Announces New Chief Financial Officer

GREENEVILLE, Tenn., June 14, 2021 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") is executing a growth strategy that involves organic infrastructure investments, such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses.

Forward Air Corporation Announces Expanded LTL Service Offering In Spokane, WA

GREENEVILLE, Tenn., June 8, 2021 /PRNewswire/ -- Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") is executing a growth strategy that involves organic infrastructure investments such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses.

Forward Air Announces New Destination-Based Compensation Increase for Fleet Partners

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