Forward Air more than doubled its profit in the first quarter, raising net income 132.4 percent year-over-year to $7.9 million.
The company's revenue increased 12.3 percent to $120.2 million.
Low inventory levels and tightening truck capacity gave the expedited airport-to-airport trucker a boost, said Bruce A. Campbell, chairman, president and CEO.
The carrier is building on momentum gained in 2010, when it reported a 227 percent increase in profit for the full year and $483.9 million in revenue.
In the first quarter, Forward's airport-to-airport sales increased 15.9 percent from a year ago to $82.2 million.
Airport-to-airport tonnage increased 5.8 percent, with average weekly pounds up 4.1 percent. Forward's line-haul shipments per week increased 3.1 percent.
Forward's airport-to-airport yield, a measure of pricing, increased 9.4 percent from a year ago, or 6.4 percent excluding fuel surcharge revenue.
The Greenville, Tenn.-based carrier's logistics revenue increased 19.1 percent to $16.5 million.
The company's pool distribution revenue dropped 7.3 percent to $15.2 million.
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