Forward Air

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.

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 offices in Greeneville, Sacramento, Carson, Irving and in 7 other locations
Greeneville, US (HQ)
430 Airport Rd
Carson, US
18055 Harmon Ave
Charlotte, US
3301 International Airport Dr
Indianapolis, US
6430 Airway Dr
Irving, US
3800 Cabell Dr
Rock Tavern, US
28 Stone Castle Rd
Show all (11)

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 (16-Feb-2018)

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, 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
USDY, 2017


76 k

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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