Forward Air Q1 2016 operating revenue up 11.5%

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, 2016.

Operating revenue for the quarter ended March 31, 2016 increased 11.5 percent to USD229.5 million from USD205.9 million for the same quarter in 2015.

Income from operations was USD21.4 million, compared to USD8.2 million in the prior-year quarter. Net income during the period was USD13.1 million compared to USD4.8 million in the first quarter of 2015.

Net income per diluted share for the first quarter of 2016 was USD0.43 compared to USD0.16 in the prior-year quarter.

Forward Air Corporation´s services are classified into four segments: Expedited LTL, Expedited Truckload Services (“TLX”), Intermodal and Pool Distribution.