Business description: Forward Air Corporation

Forward Air Corporation is an asset-light provider of transportation services across the United States, Canada and Mexico. Its Expedited Freight segment provides expedited regional, inter-regional and national less-than-truckload (LTL) services. Expedited Freight also offers customers local pick-up and delivery and other services including truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Omni Logistics segment provides a full suite of global logistics services. Services include air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, time-definite transportation services and other supply chain solutions. The Intermodal segment provides first- and last-mile high-value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and CFS warehouse and handling services, and in select locations, linehaul and LTL services.

Number of employees: 6,209

Sales by Activity: Forward Air Corporation

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

Omni Logistics

- - - 1.2B 1.35B

Expedited Freight (Incl.Truckload Premium Services)

1.37B 1.55B 1.1B 1.12B 1.01B

Intermodal

289M 420M 274M 233M 231M

Eliminations

-1.06M -205K -266K - -

Corporate

- - - 164K -

Elimination of intersegmental revenues

- - - -70.74M -99.14M

Geographical breakdown of sales: Forward Air Corporation

Fiscal Period: December 2021 (USD) 2022 (USD) 2023 (USD) 2024 (USD) 2025 (USD)

United States

- - - - 2.17B

Foreign

- - - - 330M

Executive Committee: Forward Air Corporation

Manager TitleAgeSince
Chief Executive Officer 52 27/04/2024
Director of Finance/CFO 56 19/05/2024
Chief Tech/Sci/R&D Officer 60 13/10/2025
Chief Operating Officer - 31/12/2023
Investor Relations Contact - -

Composition of the Board of Directors: Forward Air Corporation

Director TitleAgeSince
Director/Board Member 59 19/12/2023
Director/Board Member 42 31/12/2023
Director/Board Member 52 27/04/2024
Director/Board Member 65 31/12/2023
Director/Board Member 69 31/12/2023
Chairman 50 10/06/2025
Director/Board Member 54 10/06/2025

Shareholders: Forward Air Corporation

NameEquities%Valuation
Clearlake Capital Group LP
12.12 %
3,825,000 12.12 % 81 M $
BlackRock Advisors LLC
10.24 %
3,230,151 10.24 % 68 M $
Littlejohn & Co. LLC
7.689 %
2,426,359 7.689 % 51 M $
Ridgemont Partners Management LLC
6.14 %
1,937,405 6.14 % 41 M $
Irenic Capital Management LP
3.897 %
1,229,819 3.897 % 26 M $
NameEquities%Valuation
Ridgemont Partners Management LLC
-
3,185,799 - 67 M $
-
490,774 - 10 M $
NameEquities%Valuation
Ridgemont Partners Management LLC
33.49 %
3,185,799 33.49 % 67 M $
5.896 %
560,774 5.896 % 12 M $

Company details: Forward Air Corporation

Forward Air Corp.

3200 Olympus Boulevard

75019, Dallas

+

http://www.forwardair.com
address Forward Air Corporation(FWRD)

Other Air Freight & Logistics

Change 5d. change 1-year change 3-years change Capi.($)
-4.84%-52.40%-53.76%-90.89% 290M
-1.79%-1.99%+59.94%+65.84% 89.82B
+0.01%-1.44%-1.36%-41.57% 83.67B
+0.64%+1.43%+20.72%+15.32% 61.48B
+0.89%+3.02%+35.11%+37.92% 20.2B
-0.84%-2.69%+47.42% - 10.77B
-0.07%0.00%-5.12%+47.46% 8.92B
-1.88%+2.55%+44.48%+88.13% 6.02B
-0.83%+0.02%+23.08%-11.03% 5.79B
+0.60%-3.67%-1.53%-33.83% 5.22B
Average -0.82%-4.14%+16.90%+8.59% 29.22B
Weighted average by Cap. -0.44%+1.12%+27.71%+17.16%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
8.740USD
Average target price
18.33USD
Spread / Average Target
+109.76%

Quarterly revenue - Rate of surprise

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