Item 2.02. Results of Operations and Financial Condition.
Preliminary Financial Information
For the three months ended
"During the third quarter we continued our recovery from the impacts of
COVID-19. Our teams drove improved volumes across the portfolio, including
sequential monthly increases in year-over-year daily LTL tonnage. During the
third quarter, our LTL daily tonnage increased approximately 3.5% above its
prior-year level. As we restored density, we implemented pricing and other
actions during the back half of the quarter to improve shipment-level
profitability, which will drive sequential improvements in Expedited Freight
operating margin," said
Since we are currently in our quiet period prior to our release of earnings
results for the third quarter of 2020, our management team will not be
discussing our third quarter financial performance until our third quarter
earnings call which is scheduled to occur on
The preliminary estimated information set forth above does not represent a
comprehensive statement of our results of operations or financial condition as
of or for the quarter ended
Accordingly, you should not place undue reliance on the preliminary estimated financial information set forth herein.
This Form 8-K will be accessible on the Company's Investor Relations portion of the Company's website at www.forwardaircorp.com, which we use as a primary mechanism to communicate with our investors. Investors are urged to monitor the Investor Relations portion of the Company's website to easily find or navigate to current and pertinent information about us.
The information in this Item 2.02 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
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Forward-Looking Statements
This current report on Form 8-K ("Current Report") contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
Because forward looking statements relate to the future, they are subject to
inherent uncertainties, risks and changes in circumstances that are difficult to
predict and many of which are outside of our control. Our actual results and
financial condition may differ materially from those indicated in the
forward-looking statements including as a result of the risks described in our
Annual Report on Form 10-K for the year ended
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