Forward Air Corporation | ||||||||||||||||||||||||
Forward Air Inc. Operating Statistics | ||||||||||||||||||||||||
Three months ended | ||||||||||||||||||||||||
Dec 31, | Sep 30, | Jun 30, | Mar 31, | Dec 31, | Sep 30, | June 30, | Mar 31, | Dec 31, | Sep 30, | Jun 30, | Mar 31, | |||||||||||||
2009 | 2009 | 2009 | 2009 | 2008 | 2008 | 2008 | 2008 | 2007 | 2007 | 2007 | 2007 | |||||||||||||
Operating ratio | 89.2 | 91.6 | 93.0 | 95.4 | 86.7 | 82.2 | 81.3 | 82.9 | 82.4 | 82.2 | 80.3 | 81.9 | ||||||||||||
Business days | 64.0 | 64.0 | 64.0 | 63.0 | 63.0 | 64.0 | 64.0 | 64.0 | 64.0 | 63.0 | 64.0 | 64.0 | ||||||||||||
Business weeks | 12.8 | 12.8 | 12.8 | 12.6 | 12.6 | 12.8 | 12.8 | 12.8 | 12.8 | 12.6 | 12.8 | 12.8 | ||||||||||||
Airport-to-airport: | ||||||||||||||||||||||||
Tonnage | ||||||||||||||||||||||||
Total pounds ¹ | 398,921 | 357,768 | 357,678 | 338,602 | 407,162 | 441,269 | 459,637 | 435,895 | 459,123 | 405,503 | 405,166 | 400,751 | ||||||||||||
Average weekly pounds ¹ | 31,166 | 27,951 | 27,944 | 26,873 | 32,314 | 34,474 | 35,909 | 34,054 | 35,869 | 32,183 | 31,654 | 31,309 | ||||||||||||
Linehaul shipments | ||||||||||||||||||||||||
Total linehaul | 565,922 | 511,959 | 514,452 | 502,890 | 557,260 | 568,031 | 594,612 | 575,396 | 611,808 | 558,515 | 579,479 | 569,095 | ||||||||||||
Average weekly | 44,213 | 39,997 | 40,192 | 39,912 | 44,227 | 44,377 | 46,454 | 44,953 | 47,798 | 44,327 | 45,272 | 44,461 | ||||||||||||
Forward Air Complete shipments | 71,442 | 73,696 | 67,109 | 53,889 | 56,930 | 53,161 | 46,172 | 46,119 | 21,601 | 13,366 | 16,077 | 8,145 | ||||||||||||
As a percentage of linehaul shipments | 12.6 | 14.4 | 13.0 | 10.7 | 10.2 | 9.4 | 7.8 | 8.0 | 3.5 | 2.4 | 2.8 | 1.4 | ||||||||||||
Average linehaul shipment size | 705 | 699 | 695 | 673 | 731 | 777 | 773 | 758 | 750 | 726 | 699 | 704 | ||||||||||||
Revenue per pound ² | ||||||||||||||||||||||||
Linehaul yield | 15.84 | 15.91 | 15.93 | 16.61 | 16.52 | 16.39 | 16.53 | 16.77 | 17.13 | 17.28 | 17.59 | 17.35 | ||||||||||||
Fuel surcharge impact | 0.96 | 0.93 | 0.69 | 0.73 | 1.43 | 2.15 | 1.89 | 1.37 | 1.13 | 1.02 | 1.07 | 0.95 | ||||||||||||
Forward Air Complete impact | 1.62 | 1.83 | 1.64 | 1.32 | 1.21 | 1.17 | 0.98 | 0.69 | 0.48 | 0.36 | 0.40 | 0.22 | ||||||||||||
Total airport-to-airport yield | 18.42 | 18.67 | 18.26 | 18.66 | 19.16 | 19.71 | 19.40 | 18.83 | 18.74 | 18.66 | 19.06 | 18.52 | ||||||||||||
Logistics: | ||||||||||||||||||||||||
Miles | ||||||||||||||||||||||||
Owner operator ¹ | 6,421 | 6,111 | 6,211 | 5,594 | 5,408 | 4,812 | 5,005 | 3,615 | 3,655 | 3,145 | 2,970 | 2,047 | ||||||||||||
Third party ¹ | 3,220 | 2,288 | 1,800 | 2,621 | 4,605 | 3,618 | 3,593 | 3,844 | 4,061 | 4,381 | 3,949 | 2,764 | ||||||||||||
Total Miles | 9,641 | 8,399 | 8,011 | 8,215 | 10,013 | 8,430 | 8,598 | 7,459 | 7,716 | 7,526 | 6,919 | 4,811 | ||||||||||||
Revenue per mile | $ | 1.62 | 1.58 | 1.54 | 1.61 | 1.69 | 1.80 | 1.80 | 1.67 | 1.56 | 1.57 | 1.54 | 1.70 | |||||||||||
Cost per mile | $ | 1.25 | 1.23 | 1.19 | 1.25 | 1.33 | 1.33 | 1.26 | 1.23 | 1.19 | 1.23 | 1.18 | 1.28 |
¹ - In thousands.
² - In cents per pound; percentage change is expressed as a percent of total yield.