Check Call: Long live the tale of Coyote Logistics [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
Company Research
Source: Yahoo! Finance
Fast forward to 2015 and UPS bought Coyote for a casual $1.8 billion. UPS and Coyote had always worked closely together before the acquisition as Coyote would take any excess full truckload shipments during peak shipping seasons. Fast forward again to present day. UPS wanted to sell Coyote and found a willing buyer in the form of RXO, the freight brokerage spinoff of XPO. This sale is expected to be for $1.025 billion, which for those following along at home is just about $775 million less than what UPS purchased it for. The deal is expected to close before the end of this year. These changes come as UPS has made a shift to focus almost exclusively on small package freight and cut the proverbial excess fat that is weighing down the balance sheet. As for the reception of this sale announcement? Couldn't be better. Wall Street is thrilled. RXO's stock price jumped up by double-digit percentages, and RXO is now looking to be the third-largest brokerage in the U.S. In John Kingsto
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FWRD
News
- Forward Air's recalculated Q1 shows improved leverage ratio [Yahoo! Finance]Yahoo! Finance
- Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial Measures [Yahoo! Finance]Yahoo! Finance
- Forward Air Provides Update on First Quarter 2024 Non-GAAP Financial MeasuresBusiness Wire
- Texas-based U.S. Logistics Solutions files for bankruptcy liquidation [Yahoo! Finance]Yahoo! Finance
- Saia adds terminals in Southern California, Minnesota [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 5/8/24 - Miss
FWRD
Sec Filings
- 6/28/24 - Form 8-K
- 6/17/24 - Form S-8
- 6/13/24 - Form SC
- FWRD's page on the SEC website