asset-light trucking

Forward Air to hit 2023 EPS target a year early

White Forward Air trailer being pulled by a white tractor on highway

Management from Forward Air said Thursday that March was the best month in the company’s history, with its less-than-truckload segment experiencing three of the highest tonnage weeks on record. The comments came on its first-quarter call, which highlighted the progress the asset-light trucking company has made transitioning its freight mix away from low-paying, light shipments to heavier loads. The efforts were undertaken to improve density and yields.

Forward reported record revenue, operating...

https://www.freightwaves.com/news/forward-air-earnings-q1-2022

Freight swap leads Forward Air to Q3 record; 2023 targets issued

Forward Air sees record results in third quarter

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

Forward Air sets quarterly financial records, sees record volumes in Q3

In a record-setting quarter, Forward Air reported net income from continuing operations of $1.11 per share Thursday after market close, easily exceeding the consensus estimate of 96 cents and 78 cents higher than the second quarter of 2020.

The Greeneville, Tennessee-based asset-light trucking and logistics company [NASDAQ: FWRD] reported revenue of $420.7 million, a 49.3% year-over-year increase that also set a quarterly record for the company. Net income of $30.7 million — which compared with...

https://www.freightwaves.com/news/forward-air-sets-quarterly-financial-records-predicts-record-volumes-in-q3

Forward Air names recently hired Rebecca Garbrick to CFO role

New CFO takes over at Forward Air

Asset-light trucking and logistics provider Forward Air (NASDAQ: FWRD) announced Friday that Rebecca Garbrick will become the company’s CFO and treasurer effective July 4.

Garbrick joined Forward in November as VP and controller. She was named chief accounting officer in March. Garbrick has held various leadership roles in accounting and finance for companies like privately held Cox Media Group and agricultural equipment manufacturer AGCO Corp. (NYSE: AGCO).

Forward CFO and Treasurer Rebecca...

https://www.freightwaves.com/news/forward-air-names-recently-hired-rebecca-garbrick-to-cfo-role

Forward Air issues strong second-quarter outlook

Forward Air posts beat-and-raise quarter

Forward Air (NASDAQ: FWRD) reported net income from continuing operations of 60 cents per share Thursday after the market close, 3 cents ahead of the consensus estimate and 19 cents better than the first quarter of 2020.

Continuing operations exclude the high-frequency pool distribution segment, which was sold in February.

The Greeneville, Tennessee-based asset-light trucking and logistics company reported revenue of $362 million, an 18.5% year-over-year increase as well as a first-quarter...

https://s29755.pcdn.co/news/forward-air-issues-strong-second-quarter-outlook