Forward Air’s 3Q Income Improves
Forward Air Corp.’s third-quarter profit rose to $12.1 million, or 42 cents a share, from $10.8 million, or 36 cents, a year ago.
Revenue jumped 30.5% to $121.6 million, the company said late Monday.
The company’s Forward Air Solutions segment completed its acquisition of Spartanburg, S.C.- based pool transportation provider Service Express in early September, adding five new terminals in cities complimenting its Southeast and Mid-Atlantic presence, Chairman and Chief Executive Officer Bruce Campbell said in a statement.
Forward Air, a contractor to the air cargo industry, is ranked No. 65 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.