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, US
Websiteforwardair.com
Employee Ratings2.6

Latest Updates

Employees (est.) (Feb 2019)3,857
Job Openings125
Revenue (FY, 2018)$1.3 B(+20%)
Share Price (Mar 2019)$61.2 (-3%)

Forward Air Office Locations

Forward Air has offices in Greeneville, 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 $1.32 b in FY, 2018
USD

Revenue (FY, 2018)

1.3b

EBIT (FY, 2018)

122.0m

Market capitalization (22-Mar-2019)

1.8b

Closing stock price (22-Mar-2019)

61.2

Cash (31-Dec-2018)

25.7m

EV

1.7b
Forward Air's current market capitalization is $1.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

652.5m781.0m959.1m982.5m1.1b1.3b

Revenue growth, %

20%23%2%

Operating expense total

568.1m877.4m922.6m992.1m1.2b

Depreciation and amortization

23.6m37.2m38.2m41.1m42.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

170.0m171.6m193.9m201.5m205.9m249.7m247.1m229.5m238.6m249.6m247.0m267.5m280.2m302.6m330.3m331.4m

Operating expense total

147.2m155.3m166.3m174.6m197.7m229.8m222.5m208.1m253.0m224.9m223.8m237.7m253.3m278.4m297.5m301.5m

Depreciation and amortization

7.0m7.8m8.1m9.5m9.4m9.7m9.3m9.4m10.0m10.2m10.3m10.7m10.4m10.3m

EBIT

22.9m16.3m27.6m26.9m8.2m19.9m24.6m21.4m(14.3m)24.7m23.2m29.8m26.9m24.2m32.9m29.9m
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013Y, 2013Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018

Cash

42.0m74.5m58.8m112.2m127.4m127.4m41.4m33.3m33.3m8.5m3.9m25.7m

Accounts Receivable

Inventories

1.1m1.1m1.1m1.3m1.3m1.3m1.4m2.2m

Current Assets

220.4m220.4m150.0m173.5m173.5m136.3m162.7m201.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

54.5m55.6m27.7m87.3m92.1m

Depreciation and Amortization

23.6m31.1m37.2m38.2m41.1m42.2m

Inventories

1.1m1.1m1.3m1.3m

Accounts Payable

2.6m20.6m(17.5m)(1.4m)8.9m12.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

10.2m27.4m44.1m16.7m32.3m13.1m3.0m15.0m14.2m33.8m51.9m17.7m42.0m64.4m

Depreciation and Amortization

6.2m7.0m14.8m22.9m8.7m18.2m27.6m9.7m19.0m28.4m10.0m20.3m30.6m10.7m21.1m31.3m

Accounts Payable

2.4m7.2m7.8m21.6m(10.9m)(14.6m)(2.5m)(6.4m)(5.1m)8.1m3.5m5.3m87.0k4.4m13.0m

Cash From Operating Activities

20.0m39.2m65.1m18.6m57.3m37.4m61.2m94.6m37.1m52.0m77.7m40.8m67.0m113.8m
USDY, 2018

EV/EBIT

14.2 x

EV/CFO

11.4 x

Revenue/Employee

342.5k

Financial Leverage

1.4 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 Blogs

Mardi Gras Closure

Forward Air's MSY market will be closed on Tuesday, March 5th, in observance of Mardi Gras. The market will reopen for normal business hours on Wednesday, March 6th. If you have questions regarding shipments, please contact Customer Care at (800) 726-6654. Activate:  Alert Type:  weather Date R…

Customer Service Center Phones Down

Our National Customer Service Center is currently experiencing technical difficulties at this time. The National Customer Care Center can communicate via email however we are experiencing delayed responses at this time. For immediate questions or concerns regarding shipment(s), please contact your  …

Day of Mourning CLOSURES

Out of respect and honor of former President Bush’s life and service, most federal offices, post offices, military facilities, banks, courts and the New York Stock Exchange will be closed Wednesday, December, 5, 2018.    State facilities may also be closed and closures will vary by area. To help a…

2019 New Year's Holiday Schedule

Forward Air will be closed at all terminals and hub operations on Tuesday, January 1, 2019 in observance of the New Year's holiday. 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 operati…

2018 Christmas Holiday Schedule

Forward Air will be closed at all terminals and hub operations on Tuesday, December 25th, 2018 in observance of the Christmas holiday. 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 oper…

2018 Thanksgiving Holiday Schedule

Forward Air will be closed at all U.S. terminals and hub operations on Thursday, November 22nd, 2018 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 ope…
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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 3,857 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 $342.5 k.

  • Who are Forward Air competitors?

    Competitors of Forward Air include PeriShip, ACP Freight Services and Lambert Brothers.

  • 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, Charlotte, Harrisburg, Rock Tavern and in 7 other locations.

  • How many offices does Forward Air have?

    Forward Air has 11 offices.