09:25 AM EDT, 04/09/2025 (MT Newswires) -- Forward Air ( FWRD ) reported preliminary Q1 earnings before interest, taxes, depreciation, and amortization Wednesday of between $54 million and $59 million.

Analysts polled by FactSet expect $62.1 million.

The freight and logistics company said it estimates that 10% to 15% of its 2024 revenue came from shipments that would have been subject to tariffs announced April 2 under the International Emergency Economic Powers Act.

The company said it could not determine the tariff exposure for shipments handled before they came under its direct control, including those in its intermodal segment.

Forward Air ( FWRD ) said it will report Q1 results after the market closes on May 7.