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Upturn AI SWOT - About
FWRD 
Forward Air Corporation (FWRD)
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Upturn Advisory Summary
07/03/2025: 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 $34.67
1 Year Target Price $34.67
| 2 | Strong Buy |
| 0 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 79.41% | 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 07/03/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 806.21M USD | Price to earnings Ratio - | 1Y Target Price 34.67 |
Price to earnings Ratio - | 1Y Target Price 34.67 | ||
Volume (30-day avg) 6 | Beta 1.29 | 52 Weeks Range 9.79 - 40.92 | Updated Date 07/3/2025 |
52 Weeks Range 9.79 - 40.92 | Updated Date 07/3/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -29.27 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -31.66% | Operating Margin (TTM) 3.05% |
Management Effectiveness
Return on Assets (TTM) 1.28% | Return on Equity (TTM) -140.72% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2837083944 | Price to Sales(TTM) 0.32 |
Enterprise Value 2837083944 | Price to Sales(TTM) 0.32 | ||
Enterprise Value to Revenue 1.11 | Enterprise Value to EBITDA 49.37 | Shares Outstanding 30423200 | Shares Floating 21367141 |
Shares Outstanding 30423200 | Shares Floating 21367141 | ||
Percent Insiders 2.02 | Percent Institutions 112.53 |
Upturn AI SWOT
Forward Air Corporation
Company Overview
History and Background
Forward Air Corporation was founded in 1981. Initially focused on expedited less-than-truckload (LTL) air freight, the company has grown through organic expansion and strategic acquisitions to offer a broader range of logistics services.
Core Business Areas
- Expedited Freight: Provides time-definite transportation services, primarily for heavyweight air freight and expedited ground freight. Includes less-than-truckload (LTL) and truckload (TL) services.
- Intermodal: Offers intermodal drayage services, connecting seaports and rail ramps with local distribution centers.
- Pool Distribution: Delivers retail and e-commerce shipments through a network of local distribution centers.
- Final Mile: Provides specialized final mile delivery services for oversized and difficult-to-handle items.
Leadership and Structure
The leadership team is headed by the CEO and includes senior executives responsible for finance, operations, sales, and technology. The organizational structure is divisional, aligning with its core service offerings.
Top Products and Market Share
Key Offerings
- Expedited LTL: Forward Air's core offering, providing time-critical transportation for heavyweight air freight. Market share in the expedited LTL market is estimated to be between 15-20%. Competitors include XPO Logistics, UPS Supply Chain Solutions, and FedEx Freight.
- Truckload Services: Provides full truckload freight transportation services throughout North America. Market share is relatively small in the overall truckload market, estimated around 1-2%. Competitors are JB Hunt, Schneider, and Knight-Swift
Market Dynamics
Industry Overview
The transportation and logistics industry is experiencing growth driven by e-commerce, global trade, and increasing demand for expedited delivery. The market is highly competitive and subject to economic cycles and fuel price volatility.
Positioning
Forward Air positions itself as a premium provider of time-definite and specialized transportation services. Its competitive advantages include its extensive network, focus on high-value freight, and expertise in handling complex logistics requirements.
Total Addressable Market (TAM)
The TAM for expedited freight and specialized transportation services is estimated at $50-60 billion annually. Forward Air is well-positioned to capture a significant portion of this market through its differentiated service offerings.
Upturn SWOT Analysis
Strengths
- Extensive network of terminals and partners
- Focus on time-critical and high-value freight
- Strong relationships with freight forwarders
- Specialized expertise in handling oversized and difficult-to-handle items
Weaknesses
- Vulnerability to economic cycles
- Exposure to fuel price volatility
- Dependence on air cargo capacity
- Integration risks associated with acquisitions
Opportunities
- Growing demand for e-commerce fulfillment
- Expansion into new geographic markets
- Increased outsourcing of logistics services
- Adoption of new technologies to improve efficiency
Threats
- Intense competition from other transportation providers
- Disruptions in global supply chains
- Changes in government regulations
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- XPO
- UPS
- FDX
- CHRW
- LSTR
Competitive Landscape
Forward Air competes on service quality and reliability in the expedited freight market. It faces challenges from larger, more diversified competitors but differentiates itself through its specialized expertise and focus on high-value freight.
Major Acquisitions
Omni Logistics
- Year: 2023
- Acquisition Price (USD millions): 2100
- Strategic Rationale: Expanding global presence and service offerings, particularly in international freight forwarding and related logistics services.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is dependent on financials from the past years.
Future Projections: Future growth projections would be sourced from analyst data.
Recent Initiatives: Recent initiatives include acquisitions to expand service offerings and geographic reach, as well as investments in technology to improve operational efficiency.
Summary
Forward Air is a player in the expedited freight market, with strengths in its network and specialized services. Recent acquisitions aim to enhance its global reach. However, it faces economic cyclicality and integration challenges. The company should focus on efficient integration of acquisitions and diversification to offset economic headwinds.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share estimates are approximate and may vary by source. Financial data and future projections are subject to change.
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 | 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.
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