Benzinga | Dec 1, 2021 02:47PM EST

Forward Air To Raise Rate By 7.9% From February 2022

* Forward Air Corp (NASDAQ:FWRD) notifies its customers of a general rate increase of 7.9% applicable to rates established under the existing tariffs effective February 1, 2022.

* The company noted selected accessorial charges and minimum charges will also be impacted.

* Forward Air intends to offset rising costs associated with the challenging operating environment through the rate increase.

* Price Action: FWRD shares are trading higher by 3.01% at $101.72 on the last check Wednesday.