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Forward Air CEO optimistic about freight market tightening
['Connor D. Wolf']
Transport Topics
(Forward Air via LinkedIn)Key Takeaways: Forward Air CEO Shawn Stewart said Aug. 5 tightening capacity and stronger indicators are driving a gradual freight recovery as the company reported second-quarter results.
Forward Air Corp. CEO Shawn Stewart expressed optimism Aug. 5 that the tightening freight market is driving a gradual recovery as regulatory enforcement continues to reduce industry capacity.
Results by segmentExpedited freight segment revenue increased 23.8% to $319.1 million from $257.7 million.
Omni Logistics segment revenue increased 3.1% to $338.5 million from $328.3 million.
Intermodal segment revenue increased 1% to $59.7 million from $59.1 million.