Overview
Forward Air
Forward Air is a leading asset-light provider of transportation services. It provides less-than-truckload (LTL), truckload, and intermodal drayage services and freight brokerage and supply chain services across North and South America, Europe, and Asia. It offers premium services that typically require precision execution, such as expedited transit, delivery during tight time windows, and special handling. Some of its services include truckload, shipment
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Read More consolidation and deconsolidation, warehousing, fulfillment services, and first- and last-mile high-value intermodal container drayage services, among others. It also operates a full portfolio of multimodal solutions, both domestically and internationally, via Omni Logistics. The company's fleet includes more than 5,695 trailers, about 325 tractors, and some 715 straight trucks.
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Read More consolidation and deconsolidation, warehousing, fulfillment services, and first- and last-mile high-value intermodal container drayage services, among others. It also operates a full portfolio of multimodal solutions, both domestically and internationally, via Omni Logistics. The company's fleet includes more than 5,695 trailers, about 325 tractors, and some 715 straight trucks.
Read Less
Shawn Stewart
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Freight Transportation Arrangement
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Support Activities for Transportation
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Transportation and Warehousing
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Freight forwarding
Charter Bus Industry
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Couriers and Express Delivery Services
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Deep Sea, Coastal, and Great Lakes Water Transportation
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General Freight Trucking
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Inland Water Transportation
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Interurban and Rural Bus Transportation
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Local Messengers and Local Delivery
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Nonscheduled Air Transportation
View more , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Pipeline Transportation of Natural Gas , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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View more , Other Pipeline Transportation , Other Support Activities for Transportation , Other Transit and Ground Passenger Transportation , Pipeline Transportation of Crude Oil , Pipeline Transportation of Natural Gas , Postal Service , Rail Transportation , Scenic and Sightseeing Transportation, Land , Scenic and Sightseeing Transportation, Other , Scenic and Sightseeing Transportation, Water , Scheduled Air Transportation , School and Employee Bus Transportation , Specialized Freight Trucking , Support Activities for Air Transportation , Support Activities for Rail Transportation , Support Activities for Road Transportation , Support Activities for Water Transportation , Taxi and Limousine Service , Urban Transit Systems Warehousing and Storage
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Modelled
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Actual
$2.47 billion
Actual
80.51%
$2,802
DEC
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NASDAQ:FWRD
Contacts
Get in Touch with 6 Principals* and 948 Contacts
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Shawn StewartChief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$2.47 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | -$75 | $181 | $259 |
| Net Investing Cash | -$1,609 | $175 | -$104 |
| Net Financing Cash | -$164 | $1,550 | -$146 |
| Net Change in Cash | -$1,848 | $1,906 | $9 |
| Cash at Beginning of Period | $1,952 | $46 | $37 |
| Cash at End of Period | $105 | $1,952 | $46 |
| Capital Expenditure | -$37 | -$31 | -$39 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $105 | $122 | $46 |
| Accounts Receivable | $322 | $153 | $188 |
| Inventories | $ | $ | $ |
| Other Current Assets | $45 | $72 | $70 |
| Asset Summary | |||
| Total Current Assets | $472 | $347 | $304 |
| Tangible Fixed Assets | $736 | $370 | $377 |
| Intangible Assets | $999 | $135 | $116 |
| Total Assets | $2,803 | $2,980 | $1,208 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $106 | $45 | $50 |
| Short-Term Debt | $ | $ | $9 |
| Other Current Liabilities | $278 | $192 | $110 |
| Liability Summary | |||
| Total Current Liabilities | $384 | $237 | $169 |
| Long-Term Debt | $1,676 | $1,790 | $107 |
| Other Long-Term Liabilities | $62 | $47 | $59 |
| Total Liabilities | $2,517 | $2,215 | $501 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$338 | $480 | $436 |
| Equity Summary | |||
| Total Equity | $202 | $764 | $707 |
| Shares Outstanding | 29,761,197 | 25,670,663 | 26,461,293 |