Forward Air to Participate in Upcoming Stifel Conference and Provides Update on Fourth Quarter 2021 Performance
January 25 2022 - 4:30PM
Business Wire
Forward Air Corporation (NASDAQ: FWRD) (the “Company”,
“Forward”, “we”, “our”, or “us”), will participate in the Stifel
2022 Transportation and Logistics Conference on Tuesday, February
8, 2022 and Wednesday, February 9, 2022. In connection with its
participation in the conference, the Company today provided the
following key Expedited Freight Operating Statistics for the
quarter ended December 31, 2021. Revenue per shipment increased
59.6%, revenue per hundredweight increased 13.4%, weight per
shipment increased 37.4% and pounds per day increased 18.0% over
the same period in 2020.
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Tom Schmitt, Chairman, President, and Chief Executive Officer of
Forward, commented, “Our key operating statistics for the quarter
ended December 31, 2021 were even stronger than for the quarter
ended September 30, 2021. 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 the notable improvement in the
fourth quarter operating statistics illustrate the positive
momentum in our business.”
About Forward Air Corporation
Forward 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 brokerage services, including
dedicated fleet services; and intermodal, first-and last-mile,
high-value drayage services, both to and from seaports and
railheads, dedicated contract and Container Freight Station
warehouse and handling services. We are more than a transportation
company. As a single resource for your shipping needs, Forward is
your supply chain partner. For more information, visit our website
at www.forwardaircorp.com.
This press release may contain statements that might be
considered as forward-looking statements or predictions of future
operations including with respect to the Company’s performance for
the fourth quarter of 2021 and the momentum of the business going
forward. Such statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and are based on management’s belief or interpretation of
information currently available. These statements and assumptions
involve certain risks and uncertainties including that the
Company’s performance in the fourth quarter of 2021 is worse than
anticipated. Actual events may also differ from these expectations
as a result of the risks identified from time to time in our
filings with the Securities and Exchange Commission. We assume no
duty to update these statements as of any future date.
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Forward Air Corporation Brandon Hammer, 423-636-7173
bhammer@forwardair.com
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