Business
Forward Air Provides Mid-Quarter Update on Fourth Quarter 2021 Performance
GREENEVILLE, Tenn.--(BUSINESS WIRE)-- Forward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”), today provided the following
About this update from Forward Air Corporation
[{"type":"text","content":" GREENEVILLE, Tenn.--(BUSINESS WIRE)--\nForward Air Corporation (NASDAQ: FWRD) (the “Company”, “Forward”, “we”, “our”, or “us”), today provided the following key Expedited Freight Operating Statistics for the month of November 2021. Revenue per shipment increased 60.5%, revenue per hundredweight increased 14.4%, weight per shipment increased 37.0% and pounds per day increased 5.5% over the same period last year.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211209005659/en/(Photo: Business Wire)\nTom Schmitt, Chairman, President, and Chief Executive Officer of Forward, commented, “Our critical weight per shipment and revenue per shipment statistics for November were even stronger than in October, and total pounds for the month of November as compared to the same period increased 10.8%, a positive improvement from October. The solid growth is the result of sustained collaboration with our customers on the selection of higher-quality freight in our network and continued strong demand for our premium services. We believe our solid November results illustrate the ongoing positive momentum in our business, and we remain optimistic about Fourth Quarter results based on our performance through November.”\n\nThe Company’s expectations regarding the Company’s performance in the Fourth Quarter and in any future quarter are based on information available at the time of this release, and are subject to changing conditions, many of which are outside of the Company’s control. The Company is not adopting a policy or practice of providing monthly updates on its financial performance. Going forward, the Company intends to provide a mid-quarter update on its operational performance through the second month of the quarter but is not in any way adopting a policy of doing so.\n\nAbout Forward Air Corporation\n\nForward Air Corporation (NASDAQ: FWRD) is a leading asset-light freight and logistics company that provides services across the United States and Canada. We provide expedited less-than-truckload (“LTL”) services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer final mile services, including delivery of heavy-bulky freight, truckload br...