Forward Air provides January LTL Expedited Freight operating statistics

Forward Air provided the following LTL Expedited Freight operating statistics for January 2024. During this period, weight per shipment increased 9.8%, pounds per day also increased 9.2% compared to the same period last year. Finally, revenue per ton mile increased 1.9% over the same period last year, excluding fuel. Tom Schmitt, Chairman and CEO of Forward, commented: “We continue to improve on the three metrics that matter most to us – increasing tonnage, refining freight quality and maximizing revenue per shipment. We have executed the first phase of the operational synergies ahead of schedule, folding Omni linehaul into the Forward Air network, which led to higher than 20 percent year over year pounds per day increase in the most recent week. We look forward to updating the market on a comprehensive plan and key milestones in the weeks ahead.”