Transportation prices up in February but capacity grows faster [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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Source: Yahoo! Finance
However, the rate of growth in transportation capacity was higher, signaling a meaningful recovery in the freight cycle is not yet underway. The subindex for transportation prices (57.6) increased 1.8 percentage points sequentially in February, according to data compiled in the Logistics Managers' Index (LMI). Prior to January, the index had been in contraction territory since July 2022. The LMI is a diffusion index. A reading above 50 indicates expansion while one below 50 signals contraction. Upstream firms (60.9), like wholesalers and manufacturers, returned a stronger price indication than downstream firms (52.7) like retailers. The overall transportation pricing subindex slowed as February progressed. It registered a 62 in the first two weeks of the month compared to 52.4 in the back half of the month. The trend was similar to the spike in truckload spot rates captured by FreightWaves SONAR. Severe winter storms in January forced many carriers to park trucks for several d
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News
- Forward Air Co. (NASDAQ: FWRD) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
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- Forward Air Announces Leadership TransitionBusiness Wire
- Forward Air Co. (NASDAQ: FWRD) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
FWRD
Earnings
- 2/28/24 - Miss
FWRD
Sec Filings
- 4/26/24 - Form 8-K
- 4/12/24 - Form 8-K/A
- 4/12/24 - Form PRE
- FWRD's page on the SEC website