Forward Air Reports Higher Income, Record Revenue
orward Air Corp., a contractor to the air cargo industry, said late Tuesday its third-quarter net income rose 34.4% to $12.1 million or 38 cents a share, from $9 million or 27 cents for the same quarter last year.
img src="/sites/default/files/images/articles/forwardair.gif" width=150 align=right>Operating revenue rose 17.9% to a record $84.8 million, Forward Air said in a statement.
“We continue to experience strong growth in the airport-to-airport portion of our business with revenue increasing over 20% in the third quarter,” said Bruce Campbell, chief executive officer.
Forward Air Corp. is ranked No. 72 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.