17.65
+6.07%
Close of 9 Nov 2026, in USD
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About Forward Air Corp (Delaware)
From its filings with the US Securities and Exchange Commission
Forward Air Corp (Delaware) is based in Dallas, Texas and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker FWRD. The SEC classifies its business as arrangement of transportation of freight & cargo. In the fiscal year to 31 December 2025, it reported revenue of $2.50bn and a net loss of $107.8m. At that date it held total assets of $2.72bn and shareholders' equity of $113.3m. By business, Omni Logistics brought in 54.2% of revenue, followed by Expedited Freight at 36.7% and Intermodal at 9.2%. By region, United States Federal accounted for 86.8%, followed by Foreign Operations at 13.2%.
Forward Air Corporation (“Forward”, the “Company”, “we”, “our”, or “us”) is a leading asset-light provider of transportation services. We provide ground transportation, air and ocean forwarding, intermodal drayage services and contract logistics across North and South America, Europe and Asia. We also provide customized asset-light, high-touch logistics and supply chain management solutions with deep customer relationships in high-growth end markets. We offer premium services that typically require precision execution, such as expedited transit, delivery during tight time windows and special handling. We utilize an asset-light strategy to minimize our investments in equipment and facilities and to reduce our capital expenditures. Forward was founded in 1981 in Greeneville, Tennessee. In 2025, the Company changed its state of incorporation from Tennessee to Delaware and moved its headquarters from Greeneville to Dallas, Texas. Our common stock is listed on the Nasdaq Global Select Market under the symbol “FWRD”.
Expedited Freight. We operate a comprehensive network in the continental United States that provides expedited regional, inter-regional and national LTL services. Expedited Freight offers customers local pick-up and delivery and other services including truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling services. During the year ended December 31, 2025, Expedited Freight accounted for approximately 40% of our consolidated revenue.
Quoted from its 10-K, filed 11 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Air Freight & Logistics
- Listed since
- 16 Nov 1993
- Employees
- 6,062
- Website
- forwardair.com ↗
- Head office
- 3200 OLYMPUS BOULEVARD, DALLAS, TX, 75019
- Incorporated in
- DE
- Classification
- Arrangement of Transportation of Freight & Cargo
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Jerome LorrainExecutive Chairman of the Board, since 2024$139,739
- Mr. Shawn StewartChief Executive Officer, Director, since 2024$4.6m
- Mr. Jamie PiersonChief Financial Officer$1.7m
- Mr. Douglas SmithChief People Officer
- Mr. James FaughtChief Accounting Officer
- Mr. Joseph TomaselloChief Information Officer$1.1m
- Mr. Eric BrandtChief Commercial Officer
- Mr. Michael HanceChief Legal Office, Secretary$2.0m
- Mr. Paul SvindlandLead Independent Director
- Mr. Charles AndersonIndependent Director$209,397
- Mr. Dale BoylesIndependent Director$164,038
- Mr. Robert EdwardsIndependent Director$209,397
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 49
- Environment
- 37
- Social
- 39
- Governance
- 70
- Direct emissions (scope 1)
- 68,942 t
- Energy emissions (scope 2)
- 13,719 t
- Value chain emissions (scope 3)
- 413,070 t
- Women in the workforce
- 30%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Forward Air Corp's Expedited LTL segment provides regional and national LTL services across the US and Canada.
- Truckload Premium Services (TLS) offers expedited truckload brokerage and temperature-controlled logistics in North America.
- Intermodal services connect seaports and railheads with first- and last-mile transportation solutions.
Weaknesses
- Expedited LTL segment focuses on regional and inter-regional services without national coverage.
- TLS segment's fleet services are limited to North America without international expansion.
- Pool distribution manages high-frequency handling but lacks global geographic reach.
Opportunities
- Expanding Intermodal services to connect more seaports and railheads in North America.
- Growing TLS segment's temperature-controlled logistics for pharmaceuticals in Canada.
- Increasing Pool distribution for time-sensitive products in the US Midwest region.
Threats
- Competition from other LTL providers in the US Midwest region.
- Regulatory changes affecting truckload brokerage services in Canada.
- Economic downturns impacting intermodal freight transportation demand.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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