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.

Type
Public
HQ
Greeneville, US
Founded
1993
Size (employees)
3,689 (est)
Forward Air was founded in 1993 and is headquartered in Greeneville, US
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Forward Air Office Locations

Forward Air has offices in Orlando, Charlotte, Harrisburg, Rock Tavern and in 7 other locations
Greeneville, US (HQ)
430 Airport Rd
Carson, US
18055 Harmon Ave
Charlotte, US
3301 International Airport Dr
Forest Park, US
2750 Southpoint Dr
Harrisburg, US
3500 Industrial Rd
Indianapolis, US
6430 Airway Dr
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Forward Air Financials and Metrics

Forward Air Revenue

Forward Air's revenue was reported to be $982.53 m in FY, 2016 which is a 2.4% increase from the previous period.
USD

Revenue (Q1, 2018)

302.6 m

EBIT (Q1, 2018)

24.2 m

Market capitalization (11-Jul-2018)

1.7 b

Closing share price (11-Jul-2018)

58.9

Cash (31-Mar-2018)

12.7 m
Forward Air's current market capitalization is $1.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

652.5 m781 m959.1 m982.5 m

Revenue growth, %

20%23%2%

EBIT

84.4 m96.4 m81.8 m60 m

EBIT margin, %

13%12%9%6%
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

170 m171.6 m193.9 m201.5 m205.9 m249.7 m247.1 m229.5 m238.6 m249.6 m247 m267.5 m280.2 m302.6 m

Operating expense total

147.2 m155.3 m166.3 m174.6 m197.7 m229.8 m222.5 m208.1 m253 m224.9 m223.8 m237.7 m253.3 m278.4 m

Depreciation and amortization

10.7 m

EBIT

22.9 m16.3 m27.6 m26.9 m8.2 m19.9 m24.6 m21.4 m(14.3 m)24.7 m23.2 m29.8 m26.9 m24.2 m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

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

Accounts Receivable

Inventories

1.1 m1.1 m1.3 m1.3 m

Current Assets

220.4 m150 m173.5 m136.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

98.6 m41 m24.9 m24.6 m54.5 m42.5 m47.4 m38 m21.7 m11.3 m14.3 m10.1 m12.4 m12.7 m

Current Assets

200.6 m145.1 m137.2 m138.6 m196.7 m193.3 m185.7 m167.9 m163.6 m144 m139.2 m148.2 m157.8 m170.1 m

PP&E

203.6 m

Goodwill

88.4 m131.2 m138.8 m140.7 m202.9 m206.5 m206.9 m206.5 m179.3 m184.7 m184.7 m191.5 m191.5 m191.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

23.6 m31.1 m37.2 m38.2 m

Inventories

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)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

17.7 m

Depreciation and Amortization

6.2 m7 m7.8 m8.1 m8.7 m9.5 m9.4 m9.7 m9.3 m9.4 m10 m10.7 m

Accounts Payable

21.4 m21.4 m21.6 m27.6 m27.4 m17.8 m13.8 m18.4 m15.8 m87 k

Cash From Operating Activities

40.8 m
USDY, 2018

Financial Leverage

1.3 x
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Forward Air Operating Metrics

FY, 2014FY, 2015FY, 2016

Average Weekly Shipment Weight, pounds

36.90 m47.20 m46.50 m

Terminals

76 102 100

Trailers

3.82 k5.32 k5.78 k

Vehicle Fleet

4.50 k6.23 k6.72 k
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Forward Air Revenue Breakdown

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

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Forward Air Online and Social Media Presence

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Forward Air News and Updates

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Forward Air Company Life and Culture

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