Forward Air announces board review of strategic alternatives
PRESS RELEASE Forward Air Announces Board Review of Strategic Alternatives to Maximize Shareholder Value Amends Senior Secured ...
After a tumultuous 2020, US trucking firm Forward Air is on a roll, with Q2 yielding record revenues and operating income.
And management guidance for the current quarter shows continuing growth.
The company tabled revenues of $420.7m, an increase of 49.3% year on year and a new record for any quarter in its history, and a gain of nearly 40% in operating income also set a new quarterly record.
Net income surged from $9.2m a year ago to $30.7m.
The company, which started out ...
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
Carriers react quickly to transpac demand surge, but rates remain muted
ONE opts for South Korean newbuilds to avoid hefty US port fees
New services and reinstated blanked sailings boost transpacific capacity
Congestion fear as US west coast ports brace for transpacific cargo surge
News in Brief Podcast | Week 21 | GRIs and European port congestion
$2.1bn E2open purchase will 'catapult WiseTech into a different dimension'
After DSV 'cuts the cake' on Schenker acquisition, time for redundancies?
Air forwarders face financial uncertainty – but 'there are opportunities'
MSC Elsa 3 sinking – now the 'blame game' begins
DHL expands agreement with Shopify – where does that leave Flexport?
Houthis claim Red Sea safe for box ships not calling at port of Haifa
Shippers brace for rate rise as smart phones expected to drive air cargo market
Shippers hold their breath as Trump appeals court ruling that tariffs are illegal
US importers stockpiling goods to avert autumn shortages amid tariff chaos
Handler Celebi mounts legal challenge to security clearance ban at Indian airports
Comment on this article