Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. The company operates through two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. It also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, and steamship lines and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
IPO Year:
Exchange: NASDAQ
Website: forwardaircorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/26/2025 | $29.00 | Hold → Buy | Stifel |
| 5/28/2024 | Underperform → Peer Perform | Wolfe Research | |
| 1/10/2024 | Peer Perform → Underperform | Wolfe Research | |
| 8/29/2023 | $110.00 → $85.00 | Hold → Buy | Jefferies |
| 8/28/2023 | Underperform → Peer Perform | Wolfe Research | |
| 8/15/2023 | $130.00 → $80.00 | Outperform → Neutral | Robert W. Baird |
| 8/11/2023 | $127.00 → $103.00 | Buy → Hold | Stifel |
| 8/11/2023 | $80.00 | Peer Perform → Underperform | Wolfe Research |
| 8/11/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 7/19/2023 | $106.00 → $130.00 | Neutral → Outperform | Robert W. Baird |
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4 - FORWARD AIR CORP (0000912728) (Issuer)
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Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - FORWARD AIR CORP (0000912728) (Issuer)
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Highlights Forward Air's Ground Network Reliability and Performance Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company") today announced that the Company has been named the 2026 Surface Carrier of the Year by the Airforwarders Association (AfA). The award was presented at the annual AirCargo Conference, a premier gathering for the air cargo and logistics industry. The Surface Carrier of the Year is determined by AfA's voting membership, representing the freight forwarders who rely on Forward Air's expedited ground network to maintain the integrity of their air freight schedules. "We are honored and excited to be recognized as the 2026 Surface Carrier of the Year," sa
Omni Segment Reports Another Strong Quarter with Best Results Since the Acquisition Expedited Freight Segment's Quarterly Results Significantly Improved Year Over Year Ended 2025 in a Solid Liquidity Position Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months and twelve months ended December 31, 2025, as presented in the tables below. "We delivered solid results in 2025 despite less than favorable freight market conditions," said Shawn Stewart, President & Chief Executive Officer. "For the full year we reported operating income of $36 million and Consolidated EBITDA of $307 million. During the year we dil
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its fourth quarter and full year 2025 earnings after the market closes on Monday, February 23, 2026, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 579-2543, Access Code: FWRDQ425. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transporta
Forward Air Corporation (NASDAQ:FWRD) (the "Company," "Forward," "we," "our" or "us") today announced the release of its 2025 Sustainability Report, highlighting progress across its sustainability efforts and support for employees, customers and communities. "Being a responsible company is an integral part of our transformation into a global logistics provider. How we approach sustainability plays a pivotal role in how we grow our business, strengthen customer relationships, maximize employee engagement, and impact our planet," said Shawn Stewart, President and Chief Executive Officer. "We remain focused on building a sustainable business model and are devoted to doing what is right for o
Omni Segment Reports Strongest Results Since the Acquisition Continued Stable to Improving Margins at the Expedited Freight Segment Strong Cash From Operations Contributing to Liquidity in Excess of $400 million Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended September 30, 2025, as presented in the tables below. "I am pleased with Forward Air's performance, delivering another consecutive quarter of solid results, which we achieved in the face of an extended freight recession," said Shawn Stewart, Chief Executive Officer. "In the third quarter, we reported operating income of $15 million and Consolida
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its third quarter earnings after the market closes on Wednesday, November 5, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 267-6316, Access Code: FWRDQ325. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transportation services acro
Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") hosted the Fourth Annual Drive for Hope Golf Tournament September 29-30 at Chateau Elan Winery & Resort in Braselton, GA. Through its philanthropic platform, Operation Forward Freedom, the Company raised $526,000 to benefit Hope For The Warriors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251006050604/en/Drive For Hope Golf Tournament Hope For The Warriors (HOPE) is a national, non-profit organization founded by military families to support Veterans and their families. Forward Air has partnered with HOPE since 2020 and has raised more than $1.75 million for p
Forward Air Corporation (NASDAQ:FWRD) ("we," "us," "our," the "Company" or "Forward Air") announced today that it is executing a nationwide automotive replenishment as a single end-to-end logistics partner via Omni Logistics (a Forward Air company). To execute the replenishment, a renowned global automaker sought a provider capable of picking up new parts from the manufacturing facility, storing the parts in a warehouse, and handling delivery to dealerships across the United States and Canada – with the ability to scale, as necessary. This project required flawless execution to minimize downtime and a transparent pricing model to ensure precise budgeting and financial oversight throughout
Consolidated Revenue and Operating Income Improved Sequentially Expedited Freight Segment Reports Highest Reported EBITDA Margin in Six Quarters Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended June 30, 2025, as presented in the tables below. "We posted yet another solid quarter; even in this challenging environment, our team continues to deliver," said Shawn Stewart, Chief Executive Officer. "Operationally, we remained focused on the customer and executed well in our linehaul and terminal operations. By tightly managing costs and improving most of our operating KPIs, we have improved margins in our
Forward Air Corporation (NASDAQ:FWRD) ("we," "us," "our," the "Company" or "Forward Air") announced today that it has secured a distribution services award and new full truckload business from a global athletics leader, showcasing the combined strength of its service offerings in combination with Omni Logistics (a Forward Air company). As part of the new agreement, Omni Logistics will provide distribution services for the customer, supporting 18 different retail locations in 4 states, with a daily white-glove store replenishment program. In addition, Omni was able to offer a nationwide full truckload service to their customer, via Forward Air. Forward Air was selected as the primary full
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Stifel upgraded Forward Air from Hold to Buy and set a new price target of $29.00
Wolfe Research upgraded Forward Air from Underperform to Peer Perform
Wolfe Research downgraded Forward Air from Peer Perform to Underperform
Jefferies upgraded Forward Air from Hold to Buy and set a new price target of $85.00 from $110.00 previously
Wolfe Research upgraded Forward Air from Underperform to Peer Perform
Robert W. Baird downgraded Forward Air from Outperform to Neutral and set a new price target of $80.00 from $130.00 previously
Stifel downgraded Forward Air from Buy to Hold and set a new price target of $103.00 from $127.00 previously
Wolfe Research downgraded Forward Air from Peer Perform to Underperform and set a new price target of $80.00
Raymond James downgraded Forward Air from Strong Buy to Mkt Perform
Robert W. Baird upgraded Forward Air from Neutral to Outperform and set a new price target of $130.00 from $106.00 previously
Live Leadership Updates
Shareholders Approve Reincorporation to Delaware Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today announced changes to its Board of Directors following the Company's 2025 Annual Meeting of Shareholders. Under the Company's Corporate Governance Guidelines, the Forward Air Board of Directors has accepted the resignation of George Mayes, effective immediately. While Javier Polit and Laurie Tucker received the support of a majority of the votes cast by shareholders in their election, both have voluntarily resigned as members of the Board, effective immediately, in order to permit the Board and management to continue focusing on the Company's ope
Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") hosted the third annual Drive for Hope Golf Tournament November 11-12 at Chateau Elan Winery & Resort in Braselton, GA. Through its charitable platform, Operation Forward Freedom, the Company raised $350,000 to benefit Hope For The Warriors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241122287807/en/Forward Air Raised $350,000 for Hope For The Warriors at the Drive For Hope Golf Tournament (Photo: Business Wire) Founded in 2006, Hope For The Warriors is a national nonprofit dedicated to restoring a foundation of stability, strength and community for post-9/11
Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its strategic growth plan and business development efforts. Mr. Brandt brings a strong track record of driving profitable growth in the logistics space, holding leadership roles at Agility, Panalpina, Kraft Foods and most recently, CEVA Logistics, where he served as Executive Vice President of Business Development. He will lead the combined company's commercial strategy and accelerate its ongoing mission of sustainable long-term growth. Shawn Stewart, Chief Executive Officer, said, "Eric will be a key player in launching the combine
Forward Air Corporation (NASDAQ:FWRD) (the "Company") today issued the following statement: The Forward Air Board of Directors and management acknowledge and value the perspectives of the Company's shareholders. The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense of continuous improvement, transparency and accountability. The refreshed Board and management team are actively analyzing the business and strategy to ensure the Company pursues the best path forward to enhance shareholder value. Forw
Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us") today announced that Jerome Lorrain has been appointed to Forward's Board of Directors (the "Board") effective October 1, 2024. Mr. Lorrain has over 30 years of experience serving in a variety of roles in the logistics and transportation industry. He previously served as Chief Operating Officer of CEVA Logistics, a global end-to-end logistics company, and currently serves as director of Log-Hub, a supply chain solution and optimization company, and as the executive chairman of FluentCargo, a routing solutions provider. Additionally, Mr. Lorrain formerly served as a director of SeaFrigo and as the chairma
Forward Air Selected as an Inbound Logistics Top 100 Third-Party Logistics Provider for 2024 Omni Logistics – Asia Recognized by Cirrus Logic for Long-Standing Partnership Erika Tolar Named to Top Women Leaders of Texas List Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced a trifecta of achievements highlighting the company's leadership, operational expertise, and commitment to exceptional customer service. These accolades underscore Forward's position as an industry leader and its commitment to delivering premier service and exceptional value to its customers. For the fourth consecutive year, Forward Air has been recognized by Inbound Logistics magazine
Names Jamie Pierson as Permanent Chief Financial Officer and Welcomes New Chief Accounting Officer Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. Mr. Faught joins the Company from EVO Transportation where he served as CFO. Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Lo
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") today announced the appointment of Jamie G. Pierson as interim Chief Financial Officer effective May 20, 2024. Mr. Pierson succeeds Rebecca Garbrick, who is departing the Company. Ms. Garbrick will remain with the Company to assist with the transition. "On behalf of the Board of Directors, I want to thank Rebecca for her commitment and significant contributions over the last several years. Since taking the CFO role in 2020, Rebecca has been a valuable member of our management team, and we wish her much success in her future endeavors," stated Shawn Stewart, CEO. He continued, "We are excited to have Jamie step in to lead,
Names 18-Year Company Veteran Interim CEO Appoints New Independent Chairman with Extensive Leadership Track Record Forms Integration Committee Chaired by Transportation Industry Leader Forward Air Corporation (NASDAQ:FWRD) ("Forward" or "the Company") today announced several updates to its senior management team and Board of Directors ("the Board"). Management Changes Tom Schmitt, Chairman, Chief Executive Officer and President of Forward, has departed the Company. Effective immediately, Michael Hance has been appointed Interim Chief Executive Officer in addition to his current position as Chief Legal Officer and Secretary. Since joining Forward in 2006, Mr. Hance has served in
Acquisition of Forward Air Final Mile ("FAFM") enhances end-to-end solutions for Hub Group's customers and adds significant scale and service capability in appliance delivery and installation. Transaction Highlights Increases Hub Group's LTM Final Mile revenue from $192m to $481mDrives continued diversification into non-asset based logistics services; pro forma LTM Logistics revenue now represents 44% of total Hub revenueAdds new capabilities in appliance delivery and installation and increases company operated terminal footprintImmediately accretive to Hub Group's 2024 GAAP and cash EPS prior to expected cross-sell and operational synergiesMeaningful cross-sell and operational synergies f
Live finance-specific insights
Omni Segment Reports Another Strong Quarter with Best Results Since the Acquisition Expedited Freight Segment's Quarterly Results Significantly Improved Year Over Year Ended 2025 in a Solid Liquidity Position Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months and twelve months ended December 31, 2025, as presented in the tables below. "We delivered solid results in 2025 despite less than favorable freight market conditions," said Shawn Stewart, President & Chief Executive Officer. "For the full year we reported operating income of $36 million and Consolidated EBITDA of $307 million. During the year we dil
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its fourth quarter and full year 2025 earnings after the market closes on Monday, February 23, 2026, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 579-2543, Access Code: FWRDQ425. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transporta
Omni Segment Reports Strongest Results Since the Acquisition Continued Stable to Improving Margins at the Expedited Freight Segment Strong Cash From Operations Contributing to Liquidity in Excess of $400 million Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended September 30, 2025, as presented in the tables below. "I am pleased with Forward Air's performance, delivering another consecutive quarter of solid results, which we achieved in the face of an extended freight recession," said Shawn Stewart, Chief Executive Officer. "In the third quarter, we reported operating income of $15 million and Consolida
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its third quarter earnings after the market closes on Wednesday, November 5, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 267-6316, Access Code: FWRDQ325. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transportation services acro
Consolidated Revenue and Operating Income Improved Sequentially Expedited Freight Segment Reports Highest Reported EBITDA Margin in Six Quarters Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended June 30, 2025, as presented in the tables below. "We posted yet another solid quarter; even in this challenging environment, our team continues to deliver," said Shawn Stewart, Chief Executive Officer. "Operationally, we remained focused on the customer and executed well in our linehaul and terminal operations. By tightly managing costs and improving most of our operating KPIs, we have improved margins in our
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its second quarter earnings after the market closes on Monday, August 11, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 267-6316, Access Code: FWRDQ225. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transportation services across
Consolidated Financial Results Improved Year-Over-Year Operational Execution Leads to Sequential Pricing and Margin Improvement at the Expedited Freight Segment Strong Liquidity Position Increased to $393 Million Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us") today reported financial results for the three months ended March 31, 2025 as presented in the tables below. "Our team made progress in the first quarter by focusing our efforts on meeting customers' needs with award-winning service and solid operational execution," said Shawn Stewart, Chief Executive Officer. "I am proud of our team's ability to manage through a backdrop of economic and tari
Expects Stronger Liquidity on Sequential Basis Estimates 1Q25 Consolidated EBITDA to Be Between $54 Million to $59 Million Estimates That Between 10% to 15% of 2024 Revenues Would Have Been Impacted by Recently Announced Tariffs Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today reported preliminary financial results for the three months ended March 31, 2025 and an estimate of revenue from shipments that may be impacted by the tariffs under the International Emergency Economic Powers Act ("IEEPA") order announced on April 2, 2025. For the three months ended March 31, 2025, preliminary Consolidated EBITDA, a non-GAAP measure calculated pursua
Full year results near the top end of guidance range Executed more than $100 million in annualized cost synergies in first year following Omni transaction Transitioning from Integration to Transformation Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today reported financial results for the three and twelve months ended December 31, 2024 as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. "As we turn the page on the first year operating as a combined company following the acquisition of Omni, I want to express my gratitude to our associa
Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its fourth quarter and full year 2024 earnings after the market closes on Wednesday, February 26, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 445-7795, Access Code: FWRDQ424. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transpo
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