Why Forward Air Stock Is Falling Today

Logistics and transportation company Forward Air (NASDAQ: FWRD) failed to match its own expectations for the year-end quarter. Forward Air provides ground transportation and logistics throughout the U.S., with an emphasis on expedited freight. It's been a choppy few years for transportation companies, with the pandemic initially leading to a significant increase in demand for shipping services that was then followed by a glut of excess inventory as customers scaled back due to macroeconomic concerns.