Forward Air is trading 7.25% up now at $19.09 after investors responded positively to August 5 earnings showing record $673 million revenue and consolidated EBITDA of $93 million.
- Results included a $244 million non-cash goodwill impairment and substantial GAAP loss.
- Improved segment margins and progress selling non-core assets supported the rally.
- An agreement is expected to retain at least half of approximately $250 million in customer revenue.