OverviewSuggest Edit

Forward Air is the asset-light freight and logistics company. The Company operates a comprehensive national network to provide expedited regional, inter-regional and national LTL services. Expedited LTL segment offers customers local pick-up and delivery and other services including shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. Forward Air also provides expedited truckload brokerage, dedicated fleet services, as well as high security and temperature-controlled logistics services in the United States and Canada. In addition, the Company offers first- and last-mile high-value intermodal container drayage services both to and from seaports and railheads. Furthermore, it is engaged in high-frequency handling and distribution of time-sensitive product to numerous destinations within a specific geographic region.

TypePublic
Founded1993
HQGreeneville, TN, US
Websiteforwardair.com
Employee Ratings3.2
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2019)4,640(+7%)
Job Openings193
Revenue (FY, 2020)$1.3 B(-9%)
Share Price (Apr 2021)$88.2(+2%)
Cybersecurity ratingCMore

Forward Air Office Locations

Forward Air has offices in Greeneville, Carson, Charlotte, Forest Park and in 7 other locations
Greeneville, TN, US (HQ)
430 Airport Rd
Carson, CA, US
18055 Harmon Ave
Charlotte, NC, US
3301 International Airport Dr
Forest Park, GA, US
2750 Southpoint Dr
Harrisburg, PA, US
3500 Industrial Rd
Indianapolis, IN, US
6430 Airway Dr
Show all (11)

Forward Air Financials and Metrics

Forward Air Revenue

Forward Air's revenue was reported to be $1.27 b in FY, 2020
USD

Revenue (FY, 2020)

1.3b

Gross profit (FY, 2020)

618.9m

Gross profit margin (FY, 2020), %

48.7%

Net income (FY, 2020)

23.7m

EBIT (FY, 2020)

73.9m

Market capitalization (23-Apr-2021)

2.4b

Closing stock price (23-Apr-2021)

88.2

Cash (31-Dec-2020)

40.3m

EV

2.6b
Forward Air's current market capitalization is $2.4 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

483.9m536.4m584.4m652.5m781.0m959.1m982.5m1.1b1.3b1.4b1.3b

Revenue growth, %

20%23%2%

Cost of goods sold

613.6m639.0m650.7m

Gross profit

707.3m771.4m618.9m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

122.1m121.5m120.2m132.2m135.7m137.1m148.3m143.5m141.6m159.8m170.0m171.6m193.9m201.5m205.9m249.7m247.1m229.5m238.6m249.6m247.0m267.5m280.2m302.6m330.3m331.4m321.5m345.8m361.7m342.5m281.7m332.0m

Cost of goods sold

144.0m155.1m163.6m

Gross profit

177.5m190.6m198.1m

Gross profit Margin, %

55%55%55%
Show all financial metrics

Forward Air Operating Metrics

FY, 2014FY, 2015FY, 2016

Average Weekly Shipment Weight, pounds

36.9 m47.2 m46.5 m

Terminals

76102100

Trailers

3.82 k5.32 k5.78 k

Vehicle Fleet

4.5 k6.23 k6.72 k
Show all operating metrics

Forward Air Revenue Breakdown

Embed Graph

Forward Air revenue breakdown by business segment: 57.8% from Expedited LTL, 16.6% from Truckload Premium Services, 15.1% from Pool Distribution and 10.5% from Intermodal

Forward Air Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Forward Air Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Forward Air Online and Social Media Presence

Embed Graph

Forward Air Company Culture

  • Overall Culture

    D-

    55/100

  • CEO Rating

    D-

    60/100

  • Compensation

    C+

    73/100

Learn more on Comparably

Forward Air News and Updates

Forward Air Blogs

2020 New Year's Holiday Schedule

All Forward Air terminals and hub operations in the U.S., Canada and Mexico will be closed on Friday, January 1, 2021 and will reopen on Monday, January 4, 2021, in observance of the New Year’s holiday. Forward Air will offer recovery only on Thursday, December 31, closing at 12:00 p.m. local time …

2020 Christmas Holiday Schedule

All Forward Air terminals and hub operations in the US, Canada and Mexico will be closed on Friday, December 25, 2020 in observance of Christmas Day. Forward Air will offer recovery only on Thursday, December 24, closing at 12:00 p.m. local time for inbound operations. All U.S. and Canada terminals…

Forward's Pennsylvania expansion featured on local news

Forward's expansion into Bethlehem/Lehigh Valley, PA was featured on WFMZ-TV news. View news segment Activate:  Alert Type:  promotion Date Range:  Tuesday, November 24, 2020 to Saturday, December 12, 2020 Alert Mini Hero Image: 

2020 Thanksgiving Schedule

Forward Air will be closed at all U.S. terminals and hub operations on Thursday, November 26, 2020 in observance of Thanksgiving Day. As in previous years, this will defer destination arrival for some shipments tendered earlier in the week. If you have any questions about your local station’s opera…

Forward extends inland dray reach with Memphis acquisition

Learn More Activate:  Alert Type:  promotion Date Range:  Thursday, October 8, 2020 to Saturday, October 31, 2020 Alert Mini Hero Image: 

Forward Air extends inland dray reach with Memphis acquisition

Read the full article here Activate:  Alert Type:  promotion Date Range:  Thursday, October 8, 2020 to Saturday, October 31, 2020 Alert Mini Hero Image: 
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Forward Air Frequently Asked Questions

  • When was Forward Air founded?

    Forward Air was founded in 1993.

  • How many employees does Forward Air have?

    Forward Air has 4,640 employees.

  • What is Forward Air revenue?

    Latest Forward Air annual revenue is $1.3 b.

  • What is Forward Air revenue per employee?

    Latest Forward Air revenue per employee is $273.6 k.

  • Who are Forward Air competitors?

    Competitors of Forward Air include PeriShip, NTG and ArcBest.

  • Where is Forward Air headquarters?

    Forward Air headquarters is located at 430 Airport Rd, Greeneville.

  • Where are Forward Air offices?

    Forward Air has offices in Greeneville, Carson, Charlotte, Forest Park and in 7 other locations.

  • How many offices does Forward Air have?

    Forward Air has 11 offices.