Forward Air

Forward Air Corporation is a leading provider of time-definite surface transportation and related logistics services to the North American air freight and expedited LTL market. We provide scheduled surface transportation of cargo as a cost effective, reliable alternative to air transportation. We transport air freight that must be delivered at a specific time, but is less time-sensitive than traditional integrated services. In the past decade, we have greatly expanded our service offerings to include an array of logistics services, including pick-up and delivery, intermodal drayage, pool distribution, and specialized temperature-controlled logistics services. Our network of freight terminals are located on or near airports in 92 U.S. and Canadian cities, including our central sorting facility in Columbus, Ohio and 11 regional sort centers that create the most effective linehaul network in the industry.
Greeneville, US
Size (employees)
3,689 (est)+8%
Forward Air was founded in 1993 and is headquartered in Greeneville, US

Forward Air Office Locations

Forward Air has an office in Greeneville
Greeneville, US (HQ)
Po Box 1058

Forward Air Data and Metrics

Forward Air Financial Metrics

Forward Air's revenue was reported to be $982.5 m in FY, 2016 which is a 2% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

982.5 m

Revenue growth (FY, 2015 - FY, 2016), %


Net income (FY, 2016)

27.7 m

EBIT (FY, 2016)

60 m

Market capitalization (26-May-2017)

1.6 b

Closing share price (26-May-2017)


Cash (31-Dec-2016)

8.5 m
Forward Air's current market capitalization is $1.6 b.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


652.5 m781 m959.1 m982.5 m

Revenue growth, %


Operating expense total

568.1 m684.6 m877.4 m922.6 m


84.4 m96.4 m81.8 m60 m

EBIT margin, %


Interest expense

532 k610 k2 m1.6 m

Pre tax profit

83.9 m96.1 m79.7 m58.4 m

Income tax expense

29.5 m34.9 m24.1 m30.7 m

Net Income

54.5 m61.2 m55.6 m27.7 m
Numbers are in $, USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


42 m74.5 m58.8 m112.2 m127.4 m41.4 m33.3 m8.5 m

Accounts Receivable


1.1 m1.1 m1.3 m1.3 m

Current Assets

220.4 m150 m173.5 m136.3 m


88.5 m144.4 m205.6 m184.7 m

Total Assets

506.3 m541.8 m700.2 m641.3 m

Accounts Payable

16.3 m20.6 m23.3 m18 m

Current Liabilities

34.6 m43.4 m109 m77.9 m

Additional Paid-in Capital

107.7 m130.1 m160.9 m179.5 m

Retained Earnings

327.8 m333.2 m348.9 m319.3 m

Total Equity

435.9 m463.6 m510.1 m499.1 m

Financial Leverage

1.2 x1.2 x1.4 x1.3 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

23.6 m31.1 m37.2 m38.2 m

Accounts Receivable


1.1 m1.1 m1.3 m1.3 m

Accounts Payable

16.3 m20.6 m23.3 m18 m

Cash From Operating Activities

15.2 m(85.9 m)(8.1 m)
Y, 2016

Financial Leverage

1.3 x

Forward Air Market Value History

Forward Air Online and Social Media Presence

Forward Air News and Updates

Forward Air Company Life and Culture

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