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) is advancing its growth strategy with an expansion of its expedited less-than-truckload (LTL) service in Bethlehem, Pennsylvania. This move follows previous success with local partnerships in LTL operations. By opening a new facility in Bethlehem, Forward aims to enhance its service coverage and support operations in Philadelphia, thereby connecting the market to its nationwide network of premium freight management services.
Forward Air Corporation (NASDAQ:FWRD) is set to release its third quarter 2020 earnings on October 29, 2020, after market close. A conference call to discuss these results will be held the following day, October 30, 2020, at 9:00 a.m. EDT. Investors can access the call via the Company’s Investor Relations website or by dialing in. Forward Air is a prominent asset-light freight and logistics company, providing a range of services including expedited less-than-truckload (LTL), truckload brokerage, and intermodal drayage services across North America.
Forward Air Corporation (NASDAQ: FWRD) has announced the acquisition of Value Logistics, Inc. for $2.25 million. Value Logistics, operating since 1996 in Memphis, generates approximately $6 million in annual revenue. This acquisition aims to strengthen Forward's intermodal drayage operations in the Memphis market, enhancing its strategic growth plan. The deal will be funded from cash reserves and is expected to close in October 2020. CEO Tom Schmitt emphasized the acquisition’s significance in expanding Forward Intermodal’s regional influence.
Forward Air Corporation (NASDAQ: FWRD) is expanding its less-than-truckload (LTL) service into Columbia, Missouri, and Roanoke, Virginia, using its existing Final Mile facilities. This organic growth strategy aims to enhance market coverage beyond its airport-to-airport model. Chairman and CEO Tom Schmitt highlighted that this initiative allows for reduced investment while connecting these markets to the national LTL network. The company now offers same-day pickup and delivery services, enhancing its logistical capabilities.