Forward Air takes step in right direction in Q2
Forward Air (NASDAQ:FWRD) reported Q2 results, citing improved performance across segments. Revenue rose 9% to $673M and adjusted EBITDA rose 18% to $93M. Expedited Freight revenue increased 24% to $319M, with a 10.9% operating margin. Omni revenue was $339M; Q2 included a $244M noncash goodwill impairment. Forward is pursuing asset sales and a potential intermodal sale by year-end.



