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 Metrics

Forward Air Financial Metrics

Revenue (2016)

$982.5 m

Revenue growth (2015-16), %


Net income (2016)

$27.7 m

Market capitalization (21-Mar-2017)

$1.4 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$8.5 m
Forward Air's current market capitalization is $1.4 b.
Forward Air's revenue was reported to be $982.5 m in FY, 2016 which is a 2.4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$652.5 m$781 m$959.1 m$982.5 m

Revenue growth, %


Operating expense total

$568.1 m$684.6 m$877.4 m$922.6 m


$84.4 m$96.4 m$81.8 m$60 m

EBIT margin, %


Interest expense

$532 k$610 k$2 m$1.6 m

Pre tax profit

$83.9 m$96.1 m$79.7 m$58.4 m

Income tax expense

$29.5 m$34.9 m$24.1 m$30.7 m

Net Income

$54.5 m$61.2 m$55.6 m$27.7 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


$42 m$74.5 m$58.8 m$112.2 m$127.4 m$41.4 m$33.3 m$8.5 m

Accounts Receivable


$1.1 m$1.1 m$1.3 m$1.3 m

Current Assets

$220.4 m$150 m$173.5 m$136.3 m


$88.5 m$144.4 m$205.6 m$184.7 m

Total Assets

$506.3 m$541.8 m$700.2 m$641.3 m

Accounts Payable

$16.3 m$20.6 m$23.3 m$18 m

Current Liabilities

$34.6 m$43.4 m$109 m$77.9 m

Additional Paid-in Capital

$107.7 m$130.1 m$160.9 m$179.5 m

Retained Earnings

$327.8 m$333.2 m$348.9 m$319.3 m

Total Equity

$435.9 m$463.6 m$510.1 m$499.1 m

Financial Leverage

1.2 x1.2 x1.4 x1.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

$23.6 m$31.1 m$37.2 m$38.2 m

Accounts Receivable


$1.1 m$1.1 m$1.3 m$1.3 m

Accounts Payable

$16.3 m$20.6 m$23.3 m$18 m

Cash From Operating Activities

$15.2 m($85.9 m)($8.1 m)

Forward Air Market Value History

Forward Air Online Presence

Forward Air News

Forward Air Company Life

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