FWRD has been in the news 409% more than usual
Aug 08, 2024, 10:32 AM
41.79%
What does FWRD do
Forward Air Corp., based in Greeneville, Tennessee, provides less-than-truckload, truckload, intermodal, and pool distribution services, employing 4,155 full-time staff. The company operates through two segments: Expedited Freight and Intermodal, offering various services including local pick-up and delivery, customs brokerage, and dedicated contract services.
FWRD has been in the news recently: Forward Air Corporation (FWRD) reported a Consolidated EBITDA increase from $55 million to $81 million for Q2 2024, while projecting an adjusted EBITDA of $310-$325 million for the year. Despite reporting a $966 million net loss and a $645.4 million loss in Q2, FWRD's shares rose 17.8% following the earnings announcement.
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