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0 -0.0056461731493099 -0.00972396486825603 -0.00376411543287331 -0.00721455457967379 0.00219573400250942 -0.00125470514429118 0.00156838143036389
Stock impact report

TL carrier Pamt books another loss in Q1 [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The Tontitown, Arkansas-based truckload carrier reported a net loss of $8.1 million, or 37 cents per share. The result was negatively impacted compared to the year-ago quarter by lower non-operating income – primarily a decline in the market value of its equity securities portfolio (a 5-cent headwind) – and higher interest expense (a 4-cent headwind). Those items were offset by $3 million in gains on equipment sales versus a small loss in the 2024 first quarter (an 11-cent tailwind). Consolidated revenue of $155 million was 15% lower year over year. Roughly one-third of its annual revenue is tied to the automobile industry. The TL segment reported a 10% y/y revenue decline as average trucks in service fell 4% and revenue per truck per week was off 5%. Loaded miles were down 7% y/y, and revenue per loaded mile fell 3% excluding fuel surcharges. The unit booked a 110.9% operating ratio (inverse of operating margin), which was 670 basis points worse y/y. The first quarter mark Show less Read more
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