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.
Company Growth (employees)
Greeneville, US
Size (employees)
3,689 (est)
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 Financials and Metrics

Forward Air Financials

Forward Air's revenue was reported to be $982.5 m in FY, 2016

Revenue (Q3, 2017)

280.2 m

EBIT (Q3, 2017)

26.9 m

Market capitalization (13-Nov-2017)

1.7 b

Cash (30-Sep-2017)

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


652.5 m781 m959.1 m982.5 m

Revenue growth, %



84.4 m96.4 m81.8 m60 m

EBIT margin, %

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


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


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 m

EBIT margin, %

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


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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


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


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 m

Total Assets

490.8 m534.6 m532.5 m529.9 m715.4 m709.4 m698.7 m689.1 m644.4 m641.5 m635.9 m659.7 m669.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Depreciation and Amortization

23.6 m31.1 m37.2 m38.2 m


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

Depreciation and Amortization

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

Accounts Payable

21.4 m21.4 m21.6 m27.6 m27.4 m17.8 m13.8 m18.4 m15.8 m

Income Taxes Paid

8.5 m6.1 m10.4 m9.9 m3 m
Y, 2017

Financial Leverage

1.3 x
Show all financial metrics

Forward Air Operating Metrics

FY, 2014FY, 2015FY, 2016

Average Weekly Shipment Weight, pounds

36.9 m47.2 m46.5 m

Vehicle Fleet

4.5 k6.23 k6.72 k


3.82 k5.32 k5.78 k


Show all operating metrics

Forward Air Market Value History

Forward Air Revenue Breakdown

Forward Air's Web-traffic and Trends

Forward Air Online and Social Media Presence

Forward Air Company Life and Culture

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