Forward Air Corporation (FWRD)
Forward Air Corporation operates in the Integrated Freight & Logistics industry of the Industrials sector, headquartered in Dallas, TN, US. The stock last traded at $19.13, up 2.83% on the session, giving a market capitalisation of $604.9M. On trailing twelve-month figures it carries a trailing P/E of -2.14, a net margin of -11.4%. Its beta of 1.36 implies it has historically moved more than the broad market.
Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.
Forward Air Corporation is most often compared with the following Industrials names: