Forward Air ( (FWRD) ) has released its Q2 earnings. Here is a breakdown of the information Forward Air presented to its investors.
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Forward Air Corporation is a leading asset-light provider of transportation services across North America, offering expedited less-than-truckload services, truckload brokerage, and multimodal solutions through its Omni Logistics division.
In its second quarter of 2025, Forward Air reported sequential improvements in consolidated revenue and operating income, despite a challenging freight environment. The company achieved a consolidated revenue of $619 million, a slight increase from the previous quarter, and a significant improvement in income from operations compared to the same period last year.
Key highlights from the earnings report include a $15 million sequential increase in income from operations, reaching $20 million, and a consolidated EBITDA of $74 million. The Expedited Freight segment reported its highest EBITDA margin in six quarters, driven by effective cost management and strategic pricing adjustments. Despite a year-over-year decrease in revenue, the company managed to improve its operating margins significantly.
Looking ahead, Forward Air’s management remains optimistic about the company’s ability to enhance EBITDA and cash flow from operations as the freight environment stabilizes. The focus on long-term growth and profitability through disciplined expense management and operational improvements positions the company well for future success.