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 reports news on its asset-light freight and logistics network, including expedited less-than-truckload services, truckload brokerage, intermodal and drayage, contract logistics, warehousing, customs brokerage, and multimodal air, ocean and ground services through Omni Logistics. Company updates commonly center on segment results for Expedited Freight and Omni Logistics, demand trends in mission-critical freight, liquidity and deleveraging priorities, and operating changes across its North American and international logistics platform.
Recurring announcements also cover earnings release schedules, customer service performance, industry carrier recognition, and sustainability programs such as emissions tracking and greenhouse-gas inventory work. These updates frame Forward Air as a transportation and logistics operator with domestic ground operations and global multimodal freight capabilities.
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.