Asset-light transportation provider Forward Air reeled in its 2023 full-year outlook Tuesday but said the rate at which volumes have been declining has slowed in the last couple of weeks.
Forward (NASDAQ: FWRD) reported first-quarter earnings per share of $1.37 Monday after the market closed, 7 cents better than Seeking Alpha’s consensus estimate but 20 cents lower year over year (y/y).
The result benefited by 24 cents due to the reversal of an incentive comp accrual as the freight market...
https://www.freightwaves.com/news/forward-air-dials-down-2023-outlook-but-sees-real-improvements