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 (NASDAQ: FWRD) is an asset-light transportation and logistics company that publicly reports on developments across its expedited freight, Omni Logistics and intermodal segments. The FWRD news feed on Stock Titan brings together company-issued press releases and other coverage that reflect how Forward Air is operating within the transportation and warehousing sector.
In its recent communications, Forward Air has highlighted quarterly financial results, including updates on operating income, segment performance and liquidity. Earnings releases describe trends in the Expedited Freight segment, which the company characterizes as encompassing one of the largest expedited LTL networks in North America, as well as results from Omni Logistics and Intermodal operations. These updates often discuss cost management, transformation initiatives and the impact of freight market conditions.
Beyond earnings, Forward Air’s news includes announcements about customer awards and project wins. Examples include combined Forward Air and Omni Logistics service offerings for a global athletics brand, nationwide automotive replenishment projects managed through Omni, and expanded partnerships with a leader in package delivery services. Such items illustrate how the company applies its expedited LTL, truckload brokerage, intermodal drayage and multimodal capabilities in real-world customer settings.
Corporate governance and strategic updates are also part of the news flow. The company has reported Board changes, a comprehensive strategic alternatives review and shareholder meeting outcomes, along with philanthropic activities such as the Drive for Hope Golf Tournament benefiting Hope For The Warriors. Investors and observers can use this news page to follow Forward Air’s operational performance, strategic direction and community initiatives over time.
Forward Air Corporation (NASDAQ: FWRD) has announced the acquisition of BarOle Trucking, Inc. and TKI Intermodal, LLC, aimed at enhancing its intermodal transportation capabilities.
The deals will add approximately $25 million in revenue and quadruple its driver fleet in the Minneapolis market.
These acquisitions are part of Forward’s growth strategy, allowing for efficiency improvements and expansion of service footprints in Minnesota.
BarOle's acquisition is expected to close in December 2021, while TKI's acquisition has already been completed.
Forward Air Corporation (NASDAQ:FWRD) reported record financial results for the third quarter of 2021, achieving the highest monthly net income ever in September. The company reported quarterly income from operations of $42.5 million, with a net income per diluted share of $1.12, exceeding guidance. Revenue increased by 26%, reaching $419.6 million. For the fourth quarter, guidance predicts a revenue growth of 23% to 27% and a net income per diluted share between $1.25 and $1.29. Looking ahead, the full year 2021 targets revenue of $1.6 billion to $1.7 billion and net income per diluted share of $4.08 to $4.12.
Forward Air Corporation has been recognized as one of the 2021 Top Companies for Women to Work For in Transportation by the Women In Trucking Association. This honor highlights Forward's commitment to fostering a gender-diverse workplace, providing growth opportunities, and maintaining a supportive corporate culture. The award acknowledges organizations that promote women's achievements in the trucking industry. CEO Tom Schmitt emphasized the importance of tapping into the full talent pool, showcasing the company's dedication to improving the work environment for women.
Forward Air Corporation (NASDAQ:FWRD) will announce its third quarter 2021 earnings on October 27, 2021, after market close, followed by a conference call on October 28, 2021, at 9:00 a.m. EDT. Interested parties can access the call via the Investor Relations section of Forward Air's website or by phone.
Forward Air specializes in asset-light freight and logistics, providing a variety of services, including expedited LTL, final mile, and truckload brokerage across the U.S. and Canada.
Forward Air Corporation (NASDAQ:FWRD) reported its highest quarterly revenue and operating income in history for Q2 2021. Operating revenue reached $420.7 million, a 49.3% increase year-over-year, with net income per diluted share of $1.11, exceeding guidance. The company anticipates a record Q3, projecting revenue growth of 28% to 32%. Operational challenges included a decline in cash provided by operating activities by 21.8% and a decrease in free cash flow by 1.6%. A dividend of $0.21 per share was declared, payable on September 9, 2021, with a total expected annual dividend of $0.84.
Forward Air Corporation (NASDAQ: FWRD) is pursuing a growth strategy involving both organic and inorganic investments. The company recently announced the expansion of its expedited less-than-truckload (LTL) service into Vancouver, BC, partnering with a local entity. This move positions Forward as the leading expedited carrier in Western Canada, further strengthening its network after opening over twenty facilities in 2021. CEO Tom Schmitt emphasized improved freight clearance and reduced transit times, connecting Western Canada with robust U.S. and Canadian freight management services.
Forward Air Corporation (NASDAQ:FWRD) is set to release its second quarter 2021 earnings on July 29, 2021, after market close, followed by a conference call on July 30, 2021, at 9:00 a.m. EDT. Investors can access the call online or via phone. The company specializes in asset-light freight and logistics services across the U.S. and Canada, offering expedited less-than-truckload services, truckload brokerage, and intermodal services.
For detailed information, visit the Forward Air website.
Forward Air Corporation (NASDAQ: FWRD) is advancing its growth strategy with both organic infrastructure enhancements and strategic acquisitions. The company has been recognized as the top Air/Expedited Carrier by Transport Topics, reflecting its strong market position. Additionally, Forward ranks 12th among intermodal drayage providers and 33rd overall in the Top 100 For-Hire Carriers list. CEO Tom Schmitt emphasizes the outstanding performance of their frontline employees and drivers in achieving this recognition.
Forward Air Corporation (NASDAQ: FWRD) is advancing its growth strategy through both organic and inorganic investments, notably in LTL network expansion and acquisitions. The company announced the appointment of Rebecca Garbrick as Chief Financial Officer, effective July 4, 2021, who previously held significant roles including Vice President and Controller. CEO Tom Schmitt praised her leadership capabilities, emphasizing her impact on investor relations and strategic growth goals. Forward specializes in asset-light freight and logistics, operating around 200 facilities and employing over 5,200 people across the U.S. and Canada.
Forward Air Corporation (NASDAQ: FWRD) is expanding its expedited less-than-truckload (LTL) service into Spokane, WA, enhancing its operational network. This move allows customers to pick up or drop off freight Monday through Friday, positioning Forward as the fastest expedited carrier in the region. According to CEO Tom Schmitt, Spokane's addition strengthens their competitive advantage and enables faster transit times to and from Seattle. The new service connects Spokane to Forward's national portfolio of freight management services, solidifying their growth strategy aimed at increased market penetration.