News

Revenue and income slip for Forward Air

Feb. 12, 2002

Air-cargo trucking company Forward Air Corp. said its revenue and income dropped in the quarter and the year despite an increase in revenue. Forward Air said its operating revenue for the fourth quarter dropped to $56.5 million, compared with $57.7 million for the same quarter in 2000. Income from continuing operations also declined, dropping to $4.6 million compared with $6.6 million in the same

Sean Kilcarr

Air-cargo trucking company Forward Air Corp. said its revenue and income dropped in the quarter and the year despite an increase in revenue.

Forward Air said its operating revenue for the fourth quarter dropped to $56.5 million, compared with $57.7 million for the same quarter in 2000. Income from continuing operations also declined, dropping to $4.6 million compared with $6.6 million in the same quarter the previous year.

Greenville, TN-based Forward Air said its operating revenue for the year rose slightly to $227.5 million, up from $214.9 million in 2000. However, income from continuing operations for 2001 dropped to $19.9 million, down from $23.4 million in 2000.

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Sean Kilcarr | Editor in Chief

Sean previously reported and commented on trends affecting the many different strata of the trucking industry. Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.