🟢 Forward Air is trading 5.8% up today after record Q2 revenue and operational stabilization

Forward Air is trading 5.8% up at $16.30 after reporting record Q2 operating revenue and highlighting stabilization in key business operations.

• The company posted strong Expedited Freight margins and successfully retained a major customer that was previously considered at risk.
• Investors appear to be focusing on the operational improvement narrative, looking past a GAAP EPS loss driven by a large non-cash goodwill impairment in the Omni Logistics segment.