Forward Air Corporation reports Q1 2017 results

Forward Air Corporation (NASDAQ: FWRD) has reported operating revenue, income from operations, net income and diluted earnings per share for the three months ended March 31, 2017, the company said.

Operating revenue for the quarter ended March 31, 2017 increased 7.6% to USD 247.0m from USD 229.5m for the same quarter in 2016. Income from operations was USD 23.2m, compared to USD 21.4m in the prior year quarter. Net income during the period was USD 14.2m compared to USD 13.1m in the first quarter of 2016. Net income per diluted share for the first quarter of 2017 was USD 0.47 compared to USD 0.43 in the prior year quarter.

Forward Air Corporation services are classified into four principal reportable segments: Expedited LTL, Truckload Premium Services (“TLS”), Intermodal and Pool Distribution.