Benzinga | Nov 9, 2021 11:54AM EST

Forward Air Gives Mid-Qtr. Update: Year-Over-Year Pounds/Day Up 16%, Weight/Shipment Up 33%, Sales/Hundredweight Up 11%, Sales/Shipment Up 52%

Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us"), is providing a mid-quarter update on key Expedited Freight Operating Statistics for the month of October 2021. Year-over-year pounds per day increased 16%, weight per shipment increased 33%, revenue per hundredweight increased 11%, and revenue per shipment increased 52%.

"October results look terrific and showcase the ongoing momentum that resulted from continued strong demand for our services and our surgical collaboration with customers on selecting, handling and pricing freight," says Tom Schmitt, Chairman, President, and Chief Executive Officer of Forward Air. "Our volumes were strong year-over-year with higher quality freight in the network. We are excited with the better-than-expected strong performance. With these positive trends Forward's run rate for the Fourth Quarter looks promising."