Forward Air Reports Steady 1Q Income

Forward Air Corp.’s first-quarter profit was $10 million, or 35 cents a share, compared with $10.3 million, or 34 cents, a year earlier.

Operating revenue rose 23.6% to $107.9 million, the company said late Monday.

Chief Financial Officer Rodney Bell said the company anticipates second quarter year-over-year revenue growth in the 22% to 27% range, and that second-quarter income will be 38 to 42 cents per share.

Forward Air, a contractor to the air cargo industry, is ranked No. 66 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.