Forward Air Corporation (NASDAQ:FWRD) Q3 2023 Earnings Call Transcript

Tom Schmitt: Yes. So we obviously clearly have our capital priority kind of set, which organic growth always is number one. you could actually argue that the building out organic — the direct sales business and then having an accelerated terminal expansion would go well together. So yes, we clearly would be looking at organic growth, including making sure we have the network in place as something that would be a great use for our capital. And Scott, you just mentioned one very particular application, which with the Yellow terminals. We — so that would come first and foremost. And then we have our regular priority set between M&A, which would be typically smaller tuck-ins, but it could be tuck-ins in the LTL space. And then we obviously have dividends, which we always stick to and buybacks. All of that, I think, has quite a bit of briefing room with the termination opportunity of the Omni transaction.

Operator: And that concludes Forward Air’s third quarter 2023 earnings conference call. Please remember that this webcast will be available on the Investor Relations section of Forward Air’s website at www.forwardaircorp.com shortly after this call. You may now disconnect.