Forward Air Sees Continued EBITDA Growth Amid Freight Downturn, Outlines Transformation Strategy

Forward Air Corporation reported Q2 2025 earnings, with management highlighting recent service awards, including Omni Logistics being named "2024 International and Domestic Forwarder of the Year by doTERRA International" and GLT Logistics selecting Forward Air as its exclusive air freight provider. The company is navigating the freight recession, focusing on EBITDA margin improvement and a transformation strategy.

Forward Air Corporation reported its second quarter 2025 earnings, highlighting recent service awards and a strategic focus on EBITDA margin improvement amidst the freight recession. The company's half-year results, ending June 30, 2025, showed sales of USD 1,232.13 million, an increase of USD 46.65 million compared to USD 1,185.48 million a year ago [2].

Despite the increase in sales, Forward Air reported a net loss of USD 63.22 million, compared to USD 707.15 million a year ago. This loss was primarily driven by a USD 68.55 million decrease in net income, which was offset by a USD 25.33 million increase in other comprehensive income [2].

Management emphasized the company's recent service awards, including Omni Logistics being named "2024 International and Domestic Forwarder of the Year by doTERRA International" and GLT Logistics selecting Forward Air as its exclusive air freight provider. These recognitions underscore the company's commitment to excellence and its strategic partnerships in the logistics industry.

Forward Air is navigating the challenging freight recession by focusing on improving its EBITDA margin and implementing a transformation strategy. The company aims to enhance operational efficiency, reduce costs, and drive growth through strategic initiatives. This strategic focus is expected to position Forward Air for long-term success in the competitive logistics market.

For the quarter, basic and diluted loss per share from continuing operations was USD 2.09, compared to USD 27.53 a year ago [2]. This significant decrease in loss per share reflects the company's efforts to improve its financial performance and profitability.

As Forward Air continues to navigate the freight recession, investors will be closely watching the company's progress in implementing its transformation strategy and improving its EBITDA margin. The company's recent service awards and strategic partnerships indicate a strong commitment to excellence and innovation in the logistics industry.

References:
[1] https://www.marketscreener.com/news/transcript-forward-air-corporation-q2-2025-earnings-call-aug-11-2025-ce7c5ed3db88f220
[2] https://www.marketscreener.com/news/forward-air-corporation-reports-earnings-results-for-the-half-year-ended-june-30-2025-ce7c5ed3db8bfe26