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Forward Air (FWRD) Company Profile

Updated Aug 8, 2019
Forward Air has the following business profile:
Company's Full Name:Forward Air Corporation
Short Name:Forward Air
Trading Ticker Symbol:FWRD
Primary Exchange:NASDAQ
Headquarter City/Country:Tennessee, TN
Primary Industry Sector:Transportation
Seconday Sub-sector:Oil Refining and Marketing
Main Business Areas: Transportation, Oil Refining and Marketing, Industrials, Shipping & Logistics
Dividend Payments:Dividend History

Market and Trading Information for Forward Air

The following details were available for trading and market data about the stock of Forward Air as of writing:
Current Share Price:$62.06
Previous Year's Closing Price:$54.85
Percentage Price Change (YTD):13.14%
Market Cap:$1.76 billion
52-week Price Range:$51.54 - $72.81
Dividend Per Share:$0.69
EPS (TTM):3.11
Price-Earnings (Trailing):19.93
Price-Earnings (Forward):17.53

Company Profile and Business Description for Forward Air

Forward Air Corporation, incorporated on October 23, 1981, is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company's segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.

Expedited LTL

Expedited LTL segment provides expedited regional, inter-regional and national LTL services. The Company markets its expedited LTL services primarily to freight and logistics intermediaries (such as freight forwarders and third party logistics companies) and airlines (such as integrated air cargo carriers, and passenger and cargo airlines). Its terminals are located on or near airports in the United States and Canada and maintain regularly scheduled transportation service between various cities. Its expedited LTL services allow customers to access various services from a single source, which include customs brokerage; warehousing, dock and office space; hotshot or ad-hoc ultra expedited services, and shipment consolidation and handling, such as shipment build-up and break-down and reconsolidation of air or ocean pallets or containers. Its wholesale customer base includes freight forwarders, third party logistics companies, integrated air cargo carriers and passenger, cargo airlines and steamship lines.

Truckload Premium Services

TLS segment is a provider of transportation management services, including, but not limited to, expedited truckload brokerage, fleet services, as well as security and temperature-controlled logistics services in the United States and Canada. TLS offers long haul, regional and local services through fleet and third party transportation providers. TLS' primary operations are located in Columbus, Ohio. TLS also has satellite operations in South Bend, Indiana; Grand Rapids, Michigan; Greeneville, Tennessee, and Sacramento, California. It utilizes a range of equipment in its TLS operations, including dry van, refrigerated, and roller-bed trailers, as well as straight trucks and cargo vans. Its customer base includes freight forwarders, third party logistics companies, integrated air cargo carriers and passenger, cargo airlines, and LTL carriers, as well as retail, life-science companies, and their distributors.

Intermodal

Intermodal offers first- and last-mile transportation of freight both to and from seaports and railheads through fleet and third party transportation providers. Intermodal segment provides intermodal container drayage services. The Company markets its intermodal services to import and export customers. Intermodal operates in the Midwest, Southeast and Southwest. Intermodal also provides linehaul and local less-than-truckload service in the Midwest, as well as container freight station (CFS) warehousing services for air and ocean import/export freight at five of its Midwest terminals (Chicago, Cleveland, Milwaukee, Indianapolis and Detroit). Its intermodal services include immediate proof of delivery (POD) and signature capture capability through tablets; all drivers receive dispatch orders on hand-held units and are trackable through global positioning system (GPS), and daily contrainer visibility and per diem management reports. Intermodal's customer base includes international freight forwarders, passenger and cargo airlines and steamship lines.

Pool Distribution

Pool distribution involves managing high-frequency handling and distribution of time-sensitive product to numerous destinations in specific geographic regions. As of December 31, 2016, Pool Distribution (Pool) segment provided pool distribution services through a network of terminals and serviced locations in 27 cities throughout the Mid-Atlantic, Southeast, Midwest and Southwest United States. Pool Distribution's customer base includes national and regional retailers and distributors.

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Peer / Competitor Companies of Oil Refining and Marketing Sector

Along with Forward Air Corporation, the following other peer (competitor) companies also exist within the same Oil Refining and Marketing - Transportation sector whose company profile and dividend history is as follows:

▶ Adams Resources and Energy (AE): Adams Resources & Energy, Inc., through its subsidiaries, engages in the marketing, transportation, and storage of crude oil; and tank truck transportation of liquid chemicals and dry bulk in the Unit....See Detailed Company Profile  and Dividend History.

▶ Aegean Marine Petroleum Network (ANW): Aegean Marine Petroleum Network Inc., incorporated on June 6, 2005, is an international marine fuel logistics company. The Company markets and physically supplies refined marine fuel and lubricants to vessels ....See Detailed Company Profile  and Dividend History.

▶ Arc Logistic Partners LP (ARCX): Arc Logistics Partners LP, incorporated on July 29, 2013, owns, operates, develops and acquires a portfolio of energy logistics assets. The Company is engaged in the terminaling, storage, throughput and ....See Detailed Company Profile  and Dividend History.

▶ Brink's (BCO): The Brinks Company (Brinks), incorporated on September 12, 1984, is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, ....See Detailed Company Profile  and Dividend History.

▶ CH Robinson Worldwide (CHRW): C.H. Robinson Worldwide, Inc. (C.H. Robinson), incorporated on August 11, 1997, is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of a range ....See Detailed Company Profile  and Dividend History.

▶ CrossAmerica Partners LP (CAPL): CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company....See Detailed Company Profile  and Dividend History.

▶ CryoPort (CYRX): Cryoport, Inc. (Cryoport), incorporated on May 25, 1990, is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain ....See Detailed Company Profile  and Dividend History.

▶ CryoPort (CYRXW): ....See Detailed Company Profile  and Dividend History.

▶ Echo Global Logistics (ECHO): Echo Global Logistics, Inc., incorporated on June 7, 2006, is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze ....See Detailed Company Profile  and Dividend History.

▶ Expeditors (EXPD): Expeditors International of Washington, Inc., incorporated on May 29, 1979, is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ....See Detailed Company Profile  and Dividend History.

▶ Genesis Energy (GEL): Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas p....See Detailed Company Profile  and Dividend History.

▶ Global Partners LP (GLP): Global Partners LP, incorporated on March 2, 2005, is a midstream logistics and marketing company. The Company is engaged in the purchasing, selling, storing and logistics of transporting petroleum and ....See Detailed Company Profile  and Dividend History.

▶ Hub (HUBG): Hub Group, Inc., incorporated on March 8, 1995, is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company operates through two business ....See Detailed Company Profile  and Dividend History.

▶ JP Energy Partners LP (JPEP): ....See Detailed Company Profile  and Dividend History.

▶ Macquarie Infrastructure (MIC): Macquarie Infrastructure Corporation, incorporated on April 13, 2004, owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through ....See Detailed Company Profile  and Dividend History.

▶ Martin Midstream Partners (MMLP): Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns ....See Detailed Company Profile  and Dividend History.

▶ NGL ENERGY PARTNERS LP (NGL): NGL Energy Partners LP, incorporated on October 8, 2010, owns and operates a vertically integrated energy business. The Companys segments are crude oil logistics, water solutions, liquids, retail propane, refined ....See Detailed Company Profile  and Dividend History.

▶ Radiant Logistics (RLGT): Radiant Logistics, Inc., incorporated on April 29, 2005, operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized functionally in two geographic operating segments: ....See Detailed Company Profile  and Dividend History.

▶ Roadrunner Transportation (RRTS): Roadrunner Transportation Systems, Inc. (RRTS), incorporated on February 22, 2005, is an asset-light transportation and logistics service provider. The Company offers a suite of global supply chain solutions, including truckload ....See Detailed Company Profile  and Dividend History.

▶ Sino-Global Shipping America (SINO): Sino-Global Shipping America, Ltd., incorporated on October 31, 2012, is a non-asset-based global shipping and freight logistic integrated solution provider. The Company provides solutions and value added services to its ....See Detailed Company Profile  and Dividend History.

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