Automakers and major suppliers have called in hotshot air cargo services to airlift critical parts to facilities on both sides of the U.S.-Canadian border because of the protest blocking the Ambassador Bridge between Detroit and Windsor, Ontario.
Manufacturers regularly use air freight companies that specialize in cross-border hops for emergency transport, but the activity has ramped up in recent days as protesters continued to choke off the largest commercial crossing in North America. The...
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https://www.freightwaves.com/news/daily-infographic-tailor-your-trailer-with-crst
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...
On a call with analysts Friday, management from Forward Air (NASDAQ: FWRD) laid out some margin targets after posting a first-quarter earnings beat and issuing guidance well ahead of expectations.
Thursday after the close, the Greeneville, Tennessee-based asset-light trucking and logistics company reported net income from continuing operations of 60 cents per share, which was 3 cents ahead of consensus and 19 cents better year-over-year.
Continuing operations exclude the high-frequency pool...
https://www.freightwaves.com/news/forward-air-sees-more-double-doubles-as-company-returns-to-form
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
Bottomley Enterprises, a family-owned carrier, recently opened a new trucking terminal in Mount Airy, North Carolina.
The company’s new estimated $13 million, 33,000 square-foot terminal will create approximately 100 new jobs, according to the Mt. Airy News.
Bottomley’s team drivers haul expedited refrigerated freight, including meat, produce and Christmas...
https://s29755.pcdn.co/news/north-carolina-trucking-company-opens-new-terminal-adds-100-jobs
Forward Air (NASDAQ: FWRD) will continue to pursue the less-than-truckload (LTL) market more heavily now that the worst of the pandemic-related freight declines appear to be in the rearview mirror. On its second-quarter earnings call with analysts on Friday, Chairman, President and CEO Tom Schmitt said he sees “more Savannahs to come,” referring to the company’s recent expansion outside of its normal airport-to-airport transportation network.
On July 13, the Greeneville, Tennessee-based trucking...
