Cost SavingsFWRD has been tracking ahead of plan on the annualized cost savings initiatives and reached $80m, which will be the run-rate in 1Q 2025 and beyond.
Financial PerformanceThe legacy Expedited Freight business improved materially with an EBITDA margin of 10.4%, a 380-bps improvement from the previous quarter.
LiquidityAdding the cash to the $277m of availability under the amended reduced revolving credit facility, liquidity at the end of the quarter was $382m with much more financial flexibility.