FORWARD AIR CORP
Close on Oct 19, 2026
- Market cap
- $497.61M
- P/E (TTM)
- –
- Dividend yield
- 0.00%
About Forward Air
Arrangement of Transportation of Freight & Cargo, SIC 4731
Forward Air Corporation provides asset-light freight transportation and logistics management services. The company conducts business through three primary segments: Expedited Freight, Omni Logistics, and Intermodal. Its operations encompass less-than-truckload transit, full truckload brokerage, intermodal container drayage connecting seaports and railheads, customs brokerage, warehousing, distribution, and global freight forwarding across air and ocean modes. Forward Air serves business customers including freight forwarders, third-party logistics providers, commercial airlines, steamship carriers, and corporate clients across technology, retail, media, and life sciences sectors.
Headquartered in Dallas, Texas, the company operates across North America, South America, Europe, and Asia. Its expedited network covers approximately 96 percent of continental United States postal codes, alongside operations in Canada and Mexico. The enterprise maintains 77 Expedited Freight locations, 125 Omni service centers located primarily in the United States and the Asia-Pacific region, and 26 Intermodal sites across the United States. Forward Air employs 6,062 full-time personnel and manages an equipment fleet consisting of 4,863 trailers and 747 tractors and straight trucks.
Summary of the business section of Forward Air's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FORWARD AIR CORP
- Founded
- 1981
- Headquarters
- Dallas, TX
- Address
- 3200 Olympus Boulevard, Suite 300 75019
- Phone
- (817) 552-5270
- Website
- forwardair.com
- Employees
- 6,062, Dec 31, 2025
- Industry
- Arrangement of Transportation of Freight & Cargo
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Dallas, Texas
Stock & identifiers
- Ticker
- FWRD
- Exchange
- Nasdaq
- IPO date
- Nov 16, 1993
- Shares outstanding
- 34M, Jul 29, 2026
- Public float
- $598.54M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 3-for-2, Apr 4, 2005; 3-for-2, Jan 31, 2000; 2-for-1, Mar 22, 1999
- SEC CIK
- 912728
- CUSIP
- 34986A104
- ISIN
- US34986A1043
- EIN
- 62-1120025
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Shawn Stewart | Chief Executive Officer, Director | 144,030 |
| Jerome Jean-Pierre LORRAIN | Executive Chairman, Director | 22,167 |
| Yanqing Zhu | President, Asia Pacific | 4,950 |
| Fabio de Moraes Mendunekas | President, LATAM | 7,005 |
| Altena Jonathan Van | President, Europe | 6,231 |
| Karl Khambatta | Chief Transformation Officer | 6,378 |
| Lance Sons | Chief Information Officer | 5,850 |
| Justin Lindsay | President, U.S. & Canada | 13,712 |
| Michael L. Hance | CLO and Secretary | 91,355 |
| Jamie G. Pierson | CFO | 91,884 |
| Timothy R. Osborne | Executive VP of Operations | 23,831 |
| Eric Frederick Brandt | Chief Commercial Officer | 17,027 |
| Jessica L. Herren | Chief Supply Chain Officer | 11,035 |
| James R. Faught | Chief Accounting Officer | 7,952 |
| Douglas James Smith | Chief People Officer | 13,294 |
| Joseph Michael Tomasello | Chief Information Officer | 30,131 |
| Christine Marie Gorjanc | Director | 22,940 |
| Dale W. Boyles | Director | 22,940 |
| Paul C. Svindland | Director | 15,977 |
| Michael B. Hodge | Director | 93,846 |
| Charles Leonard Anderson | Director | 122,474 |
| Robert Leon Edwards Jr | Director | 122,474 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr Stewart | $5.56M | $2.74M | $1.81M | $33 | $135 |
| FY2024 Michael Hance | $2.00M | $2.38M | $1.48M | $46 | $127 |
| FY2024 Mr Hance | $2.00M | $2.38M | $1.48M | $46 | $127 |
| FY2024 Mr Schmitt | $917.33K | -$1.63M | $1.48M | $46 | $127 |
| FY2024 Mr Stewart | $4.56M | $6.78M | $1.48M | $46 | $127 |
| FY2024 Shawn Stewart | $4.56M | $6.78M | $1.48M | $46 | $127 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 6,062 full-time employees, which includes 1,994 freight handlers and an additional 294 part-time employees, the majority of which were freight handlers.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Mar 27, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 18, 2025 | Late filing | Notification of late filing |
| May 13, 2024 | Late filing | Notification of late filing |
| Mar 1, 2024 | Late filing | Notification of late filing |
| Jan 31, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 31, 2024 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| May 22, 2015 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 9, 2015 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 6, 2014 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 4, 2013 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Aug 14, 1998 | Name change | Name changed from LANDAIR SERVICES INC to FORWARD AIR CORP |