Trade Forward Air - FWRD CFD

Forward Air Company profile

About Forward Air Corporation

Forward Air Corporation is an asset-light freight and logistics company. The Company provides less-than-truckload (LTL), final mile, truckload and intermodal drayage services across the United States and in Canada. The Company operates through two segments: Expedited Freight and Intermodal. The Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL services. Expedited Freight offers customers local pick-up and delivery and other services including final-mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Intermodal segment provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and Container Freight Station (CFS) warehouse and handling services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Forward Air Corporation revenues increased 31% to $1.66B. Net income applicable to common stockholders excluding extraordinary items increased from $52.4M to $115.4M. Revenues reflect Expedited Freight segment increase of 28% to $1.37B, Intermodal segment increase of 45% to $289.2M. Net income benefited from Expedited Freight segment income increase of 95% to $139.3M.

Equity composition

Common Stock $.01 Par, 06/11, 50M auth., 29,377,550 issd. Insiders own 0.98%. IPO 11/93,5 1.9M shs @ $14 by Alex. Brown & Co. PO 4/99, 3M shs. (1M by Co.) @ $20 by BT Alex. Brown. *8/98, Name changed from Landair Services Inc. 4/05, 3-for-2 stock split.