Forward Air Reports Strong Q3 Results Amid Freight Recession
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Forward Air Corporation reported strong Q3 results despite a freight recession, with operating income of $15 million and Consolidated EBITDA of $78 million. Consolidated revenue was $632 million, slightly down from last year. The Omni segment achieved record revenue of $340 million, while the Expedited Freight segment maintained an EBITDA margin of 11.5%. The company has over $400 million in liquidity and is focused on integrating U.S. and Canadian operations to enhance efficiency and customer service. Management remains optimistic about future operational improvements and synergies from the Omni Logistics acquisition.
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