Forward Air Corporation Buyback
OLI recorded this information on 7/30/2015
Forward Air Corporation
Share Amount Authorized:
Forward Air Corporation (NASDAQ:FWRD) announced today that it has adopted a Rule 10b5-1 plan (the "Plan") for the purpose of repurchasing approximately 1.1 million shares of its common stock. The Plan has been established in connection with the two million share repurchase program that was previously announced on February 10, 2014.
Forward Air is an asset-light freight and logistics company. Co. provides less-than-truckload (LTL), final mile, truckload, intermodal drayage and pool distribution services. Co.'s services are classified into three reportable segments: Expedited Freight, which provides expedited regional, inter-regional and national LTL, final mile and truckload services; Intermodal, which provides first- and last-mile intermodal container drayage services both to and from seaports and railheads; and Pool Distribution, which provides pool distribution services through a network of terminals and service locations throughout the Mid-Atlantic, Southeast, Midwest and Southwest United States.
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Buy (2.80 out of 4)