Though it remained profitable, specialized truckload carrier Forward Air watched its net income slip in the first quarter of 2002 compared to the same period last year.
Greenville, TN-based Forward Air, a trucking contractor to the air cargo industry, said its operating revenue for this quarter dropped to $52.9 million, compared with $60.7 million for the same period in 2001. Net income also declined, falling to $4.9 million from $6.2 million in the first quarter of last year.
