Welcome to our dedicated page for Forward Air news (Ticker: FWRD), a resource for investors and traders seeking the latest updates and insights on Forward Air stock.
Forward Air Corporation (FWRD) operates at the forefront of time-sensitive freight solutions, connecting businesses across North America through its asset-light logistics network. This dedicated news hub provides investors and industry professionals with essential updates about the company’s operational milestones, strategic partnerships, and market positioning.
Access authoritative reporting on quarterly earnings, service expansions, and leadership developments alongside press releases directly from Forward Air. Our curated collection simplifies tracking critical updates across:
• Operational Updates: Terminal expansions and technology investments
• Financial Reporting: Earnings calls and SEC filings analysis
• Industry Positioning: Market share trends and competitive dynamics
• Regulatory Developments: Compliance updates impacting freight operations
Bookmark this page for streamlined access to verified information about Forward Air’s expedited LTL services, intermodal solutions, and logistics innovations. Check regularly for new developments shaping North American freight transportation.
Forward Air Corporation (NASDAQ:FWRD) achieved record quarterly results, reporting a 23% increase in revenue to $515.2 million, surpassing guidance. Net income per diluted share reached $2.04, exceeding projections. The company's strategic focus on premium freight contributed to a 14.5% increase in weight per shipment and 39.8% rise in revenue per shipment. For Q3 2022, revenue growth is forecasted at 20%-24%, with net income per diluted share projected between $1.88 and $1.92. The company continues to return value to shareholders, with approximately $376 million returned through dividends and buybacks over five years.
Forward Air Corporation (NASDAQ:FWRD) will report its second quarter 2022 earnings on
Forward Air Corporation (NASDAQ: FWRD) has been recognized as the top Air/Expedited Carrier by Transport Topics for the fourth consecutive year. The annual rankings assess companies based on revenue across various transportation sectors. Additionally, Forward ranked 9th among intermodal/drayage providers and 27th overall on the Top 100 For-Hire Carriers list. The company is focused on a growth strategy that includes both organic infrastructure investments and acquisitions of complementary businesses, bolstering its position in the logistics market.
Forward Air Corporation (NASDAQ: FWRD) reported a strong performance for the quarter-to-date period through May 2022. The company saw a 40.7% increase in revenue per shipment and a 15.4% increase in weight per shipment compared to the previous year. Additionally, daily shipments increased by 0.4%. CEO Tom Schmitt emphasized the focus on higher-quality freight in their network, expressing confidence that net income per diluted share will exceed guidance of $1.59 to $1.63.
Forward Air Corporation (NASDAQ: FWRD) has announced its acquisition of Edgmon Trucking, LLC, an intermodal drayage provider, for approximately $22 million in annual revenue. This strategic purchase aims to enhance Forward's intermodal capabilities and represents the company's first West Coast operation. Funded through cash reserves, the acquisition is set to close in May 2022. CEO Tom Schmitt highlighted this move as vital for meeting customer demand and expanding the company's network across intermodal and LTL sectors.
Forward Air Corporation (NASDAQ:FWRD) reported record first-quarter financial results, driven by a strong economy and demand for services. Operating revenue increased by 29% to $466.96 million, with net income rising 155.4% to $42.69 million, equating to $1.57 per diluted share. The company exceeded its guidance for revenue growth and net income. Looking ahead, Forward Air anticipates continued strength, with second-quarter revenue growth projected at 18% to 22%. Additionally, a quarterly cash dividend of $0.24 per share was declared, anticipated to total $0.96 for the year.
Forward Air Corporation (NASDAQ: FWRD) announced the grand opening of its expanded Support Center in Columbus, Ohio. This facility consolidates operations from five buildings, enhancing service delivery for employees, customers, and independent contractor drivers. The expansion includes improved amenities like expanded parking and storage, and aims to strengthen collaborative efforts within the company. It also supports the company's fleet growth targets through better onboarding for drivers. The initiative signifies a commitment to economic growth in the Columbus community.
Forward Air Corporation (NASDAQ:FWRD) will report its first quarter 2022 earnings on April 27, 2022, after market close. A conference call to discuss the results is scheduled for April 28, 2022, at 9:00 a.m. EDT, accessible via the company's Investor Relations website. The company specializes in asset-light freight and logistics services across the U.S. and Canada, offering expedited LTL services, truckload brokerage, and intermodal solutions among others. Investors are encouraged to monitor the Investor Relations section for updates.
Forward Air has been recognized as one of America's Most Trusted Companies for 2022, achieving the 3rd position in the Transport, Logistics & Packaging category by Newsweek and Statista. This honor highlights the company's commitment to customer and employee satisfaction. The recognition follows a survey of 50,000 U.S. residents and financial assessments of companies with annual revenues exceeding $500 million. Alongside this accolade, Forward was also named Surface Carrier of the Year by the AFA and The Home Depot Appliance Carrier of the Year.
Forward Air Corporation (NASDAQ: FWRD) released key operating statistics for the quarter-to-date period through February 2022. Significant metrics include a 52.5% rise in revenue per shipment, a 16.1% increase in revenue per hundredweight, a 28.7% boost in weight per shipment, and a 10.7% advancement in pounds per day compared to the previous year. CEO Tom Schmitt attributed this growth to strong demand and collaboration with customers, expressing optimism for continued positive performance in the first quarter.
