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.” Forward (NASDAQ: FWRD) is maximizing yield per shipment by focusing on a mix that is skewed toward industrial tech and parts versus lighter and lower-margined e-commerce parcels.
The...
https://www.freightwaves.com/news/freight-swap-leads-forward-air-to-q3-record-2023-targets-issued