Forward Air enjoys sustainable scale-based cost advantages in its core airport-to-airport business.
Narrow-moat expedited-LTL trucker Forward Air saw its top line fall 4.5% year over year, below our expected run rate, due in part to lackluster freight demand across the broader trucking industry. That said, the shortfall relative to our expectations was largely offset by solid underlying profitability gains linked to improving network synergies with Town Air (acquired in early 2015). Overall, we tempered our revenue growth assumptions for 2016, but raised our longer-term margin forecasts modest...Forward Air is an asset-light freight and logistics company. The company has four segments: Expedited less-than-truckload (LTL), which provides expedited regional, inter-regional and national LTL and final mile services; Truckload Premium Services, which is an asset-light provider of transportation management services, including, but not limited to, expedited truckload brokerage, fleet services, as well as security and temperature-controlled logistics services; Intermodal, which provides first- and last-mile intermodal container drayage services; and Pool Distribution, which provides handling and distribution of time-sensitive product to various destinations in specific geographic regions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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