Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- About
FWRD 
Forward Air Corporation (FWRD)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
01/09/2026: FWRD (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $35
1 Year Target Price $35
| 2 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 73.15% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 820.27M USD | Price to earnings Ratio - | 1Y Target Price 35 |
Price to earnings Ratio - | 1Y Target Price 35 | ||
Volume (30-day avg) 6 | Beta 1.35 | 52 Weeks Range 9.79 - 35.47 | Updated Date 01/8/2026 |
52 Weeks Range 9.79 - 35.47 | Updated Date 01/8/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -4.64% | Operating Margin (TTM) 3.3% |
Management Effectiveness
Return on Assets (TTM) 1.54% | Return on Equity (TTM) -52.85% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2832747836 | Price to Sales(TTM) 0.33 |
Enterprise Value 2832747836 | Price to Sales(TTM) 0.33 | ||
Enterprise Value to Revenue 1.13 | Enterprise Value to EBITDA 10.76 | Shares Outstanding 31248234 | Shares Floating 22192496 |
Shares Outstanding 31248234 | Shares Floating 22192496 | ||
Percent Insiders 1.99 | Percent Institutions 110.28 |
Upturn AI SWOT
Forward Air Corporation
Company Overview
History and Background
Forward Air Corporation was founded in 1997 as a provider of expedited less-than-truckload (LTL) freight services. The company has evolved to offer a comprehensive suite of transportation and logistics solutions. Key milestones include its IPO in 2000, strategic acquisitions to expand service offerings, and a focus on building a technology-driven platform to enhance efficiency and customer experience.
Core Business Areas
- Expedited LTL: Provides time-definite, expedited less-than-truckload freight services, primarily serving the eastern half of the United States. This segment focuses on reliability and speed for critical shipments.
- Truckload: Offers dedicated truckload services, including expedited and premium truckload, for customers requiring exclusive use of a trailer and driver for their shipments.
- Intermodal: Leverages intermodal transportation (combining truck and rail) to provide cost-effective and environmentally friendly long-haul shipping solutions.
- Warehousing and Distribution: Provides temperature-controlled warehousing and distribution services, including cross-docking, sortation, and value-added services.
Leadership and Structure
Forward Air Corporation is led by a seasoned executive team with experience in the transportation and logistics industry. The company operates with a divisional structure aligned with its core business segments, allowing for specialized focus and operational efficiency. Key leadership roles include CEO, CFO, and heads of various operational and sales divisions.
Top Products and Market Share
Key Offerings
- Expedited LTL Services: [object Object]
- Dedicated Truckload Solutions: [object Object]
- Intermodal Drayage: [object Object]
Market Dynamics
Industry Overview
The freight transportation and logistics industry is characterized by its cyclical nature, dependence on economic activity, and increasing demand for speed, visibility, and sustainability. Technological advancements, driver shortages, and fluctuating fuel prices are ongoing challenges.
Positioning
Forward Air positions itself as a premium provider of expedited and reliable transportation solutions. Its competitive advantages lie in its extensive network, proprietary technology, and a focus on specialized services that cater to customers with critical shipping needs. The company leverages its strong relationships with owner-operators and a well-established infrastructure to maintain its service levels.
Total Addressable Market (TAM)
The TAM for the freight and logistics market in the US is in the hundreds of billions of dollars, encompassing LTL, truckload, intermodal, and related services. Forward Air is positioned to capture a significant share of the expedited and premium segments within this broader market, particularly in its core operating regions.
Upturn SWOT Analysis
Strengths
- Strong brand reputation for reliability and on-time delivery.
- Extensive network of terminals and dedicated owner-operator fleet.
- Proprietary technology platform for enhanced visibility and efficiency.
- Focus on high-margin expedited and premium freight services.
- Diversified service offerings beyond traditional LTL.
Weaknesses
- Sensitivity to economic downturns impacting freight volumes.
- Reliance on owner-operators can lead to capacity constraints.
- Potential for increased operating costs due to fuel price volatility.
- Competition from larger, more diversified logistics providers.
Opportunities
- Expansion into new geographic markets.
- Leveraging technology for further operational efficiencies and customer solutions.
- Growth in e-commerce driving demand for expedited shipping.
- Strategic acquisitions to broaden service capabilities or market reach.
- Increased demand for temperature-controlled and specialized logistics.
Threats
- Economic recession reducing freight demand.
- Intensifying competition leading to price pressures.
- Rising labor costs and driver shortages.
- Regulatory changes impacting the transportation industry.
- Disruptions in the supply chain due to unforeseen events.
Competitors and Market Share
Key Competitors
- XPO Logistics (XPO)
- Old Dominion Freight Line (ODFL)
- FedEx Corporation (FDX)
- United Parcel Service, Inc. (UPS)
Competitive Landscape
Forward Air's competitive advantages include its specialization in expedited LTL and its strong network in the eastern US. However, it faces intense competition from larger, more diversified players like UPS and FedEx, which have vast networks and broader service portfolios. XPO Logistics and ODFL are significant LTL competitors. Forward Air's strategy focuses on differentiated service and premium pricing for its specialized offerings.
Growth Trajectory and Initiatives
Historical Growth: Forward Air has demonstrated a historical growth trajectory driven by organic expansion and strategic acquisitions, particularly in its expedited LTL and truckload segments. The company has focused on expanding its network and enhancing its service capabilities to capture market share.
Future Projections: Future growth projections for Forward Air Corporation are influenced by factors such as economic conditions, industry trends, and the company's strategic initiatives. Analyst estimates typically focus on revenue growth, earnings per share expansion, and potential market penetration in new areas.
Recent Initiatives: Recent strategic initiatives by Forward Air may include investments in technology for improved operational efficiency, expansion of its intermodal and warehousing services, and potentially further acquisitions to bolster its market position and service portfolio.
Summary
Forward Air Corporation is a well-established player in the expedited freight and logistics sector, leveraging its network and technology to provide reliable services. Its strengths lie in its specialized offerings and customer focus, while challenges include market volatility and intense competition. The company has opportunities for growth through technology and market expansion, but must remain vigilant against economic headwinds and competitor strategies.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations
- Financial News Outlets (e.g., Wall Street Journal, Bloomberg)
- Market Research Reports
- Industry Publications
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. The data provided is based on publicly available information and may not be exhaustive or entirely up-to-date. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Forward Air Corporation
Exchange NASDAQ | Headquaters Greeneville, TN, United States | ||
IPO Launch date 1993-11-16 | President, CEO & Director Mr. Shawn Stewart | ||
Sector Industrials | Industry Integrated Freight & Logistics | Full time employees 6319 | Website https://www.forwardair.com/about |
Full time employees 6319 | Website https://www.forwardair.com/about | ||
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. It operates through three segments: Expedited Freight, Omni Logistics, 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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. Its Omni Logistics segment offers full suite of global logistics services, such as 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 intermodal container drayage services; and contract and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.