Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Forward Air Corp. (Nasdaq: FWRD) popped 12% in intraday trading today after reporting better than expected earnings.

So what: EPS of $0.27 beat the consensus estimate of $0.23 and compares favorably with EPS of $0.12 in the year-ago quarter.  Revenue grew 12.3% year-over-year.

Now what: Management said ongoing low inventory levels and tightening capacity have increased demand for its expedited time-definite transportation services and should provide substantial growth potential for the foreseeable future. They also indicated that Forward Air is working to further improve profitability by expanding margins. The company expects a current quarter EPS of $0.34 to $0.38, up nicely from $0.27 in the same quarter last year.

Interested in more info on FWRD? Add it to your watchlist by clicking here.

Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.