Forward Air Corporation (FWRD) experienced a significant stock price increase of 22.8%, closing at $16.21, following the announcement of a non-binding memorandum of understanding with a major customer. This agreement is expected to secure at least half of the customer’s $250 million in revenue for 2025, extending services for a minimum of two years despite the customer’s initial plan to diversify vendors.
For the upcoming quarter, Forward Air anticipates a loss of $0.17 per share, reflecting a year-over-year increase of 58.5%. Revenue is projected at $632 million, up 2.1% from the same quarter last year. In contrast, Saia, another player in the transportation industry, saw its stock rise by 1.2% to $433.22, with a consensus EPS estimate of $3.31, a 24% increase from the previous year.
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