Forward Air Corporation (FWRD) News
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FWRD News Highlights
- For FWRD, its 30 day story count is now at 9.
- Over the past 22 days, the trend for FWRD's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- DOCS, GRI and PAY are the most mentioned tickers in articles about FWRD.
Latest FWRD News From Around the Web
Below are the latest news stories about FORWARD AIR CORP that investors may wish to consider to help them evaluate FWRD as an investment opportunity.
Omni alleges Forward CEO withheld, destroyed requested docsCounsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies. The post Omni alleges Forward CEO withheld, destroyed requested docs appeared first on FreightWaves. |
Forward Air sells final-mile unit to Hub Group for $262MForward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics. The post Forward Air sells final-mile unit to Hub Group for $262M appeared first on FreightWaves. |
Hub Group Expands Its Final Mile Service Offering through the Acquisition of Forward Air Final MileAcquisition of Forward Air Final Mile (“FAFM”) enhances end-to-end solutions for Hub Group’s customers and adds significant scale and service capability in appliance delivery and installation. Transaction Highlights Increases Hub Group’s LTM Final Mile revenue from $192m to $481mDrives continued diversification into non-asset based logistics services; pro forma LTM Logistics revenue now represents 44% of total Hub revenueAdds new capabilities in appliance delivery and installation and increases |
Forward Air Announces Sale of Final Mile BusinessGREENEVILLE, Tenn., December 20, 2023--Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") is pleased to announce the sale of its Final Mile business to Hub Group, Inc. for an estimated total cash consideration of $262 million. For the twelve months ended September 30, 2023, Final Mile generated approximately $289 million in revenue. Final Mile has approximately 45 locations and more than 640 employees that will transfer to Hub Group, Inc. |
Forward Air Corporation's (NASDAQ:FWRD) Stock Been Rising: Are Strong Financials Guiding The Market?Forward Air's (NASDAQ:FWRD) stock is up by 2.7% over the past week. Since the market usually pay for a company’s... |
Forward Air plans 5.9% general rate increaseForward Air announced a 5.9% general rate increase for 2024 that is near the middle of the range of recent carrier announcements. The post Forward Air plans 5.9% general rate increase appeared first on FreightWaves. |
Forward Air Announces 2024 General Rate IncreaseGREENEVILLE, Tenn., December 11, 2023--Forward Air Corporation (NASDAQ: FWRD) (the "Company" or "Forward") today announced a 5.9 percent general rate increase (GRI) on any shipments tendered on or after February 5, 2024. |
Forward Air’s tonnage inflects further upward in Q4Forward Air reports positive tonnage trends for the first two months of the fourth quarter. The post Forward Air’s tonnage inflects further upward in Q4 appeared first on FreightWaves. |
Forward Air Provides Mid-Quarter Update on Fourth Quarter 2023 PerformanceGREENEVILLE, Tenn., December 06, 2023--Forward Air Corporation (NASDAQ: FWRD) (the "Company", "Forward", "we", "our", or "us") today provided the following key Expedited Freight operating statistics for the quarter-to-date period through November 2023. Weight per shipment increased 11.0%, revenue per shipment excluding fuel increased 2.6% and pounds per day increased 5.5%, all over the same period last year. |
Forward Air, Omni pointing fingers over EBITDA forecastsA recent exchange of filings in a Delaware court shows Forward Air and Omni Logistics are at odds over Omni’s 2023 financial forecasts, among other things. The post Forward Air, Omni pointing fingers over EBITDA forecasts appeared first on FreightWaves. |