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What's next for demand after 'unusually slow' Q4: Forward Air

December 28, 2022
Source: cnbc.com cnbc.com
News Snapshot:
Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. The trucking and logistics company, which counts Home Depot and Delta Airlines among its customers, receives 30% of its revenue from e-commerce, 40% from industrial trucking, and 30% from specialty trucking for high-value services including live events and health-care equipment. Forward Air CEO Tom Schmitt recently spoke with CNBC's Frank Holland about the holiday shipping season, the volume his customers are expecting for Lunar New Year,...
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Tags: airlines | America | ASIA | Aviation | CEO | China | CNBC | consumer | contract | Covid-19 | delivery | e-commerce | Economy | equipment | logistics | manufacturing | medicine | Netherlands | North America | Pandemic | revenue | shipping | supply chain | United States | USA

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