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FWRDNasdaqArrangement of Transportation of Freight & CargoFiscal year ends December 31

FORWARD AIR CORP

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$15.32+0.28 (+1.86%)

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
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
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

NamePositionShares owned
Shawn StewartChief Executive Officer, Director144,030
Jerome Jean-Pierre LORRAINExecutive Chairman, Director22,167
Yanqing ZhuPresident, Asia Pacific4,950
Fabio de Moraes MendunekasPresident, LATAM7,005
Altena Jonathan VanPresident, Europe6,231
Karl KhambattaChief Transformation Officer6,378
Lance SonsChief Information Officer5,850
Justin LindsayPresident, U.S. & Canada13,712
Michael L. HanceCLO and Secretary91,355
Jamie G. PiersonCFO91,884
Timothy R. OsborneExecutive VP of Operations23,831
Eric Frederick BrandtChief Commercial Officer17,027
Jessica L. HerrenChief Supply Chain Officer11,035
James R. FaughtChief Accounting Officer7,952
Douglas James SmithChief People Officer13,294
Joseph Michael TomaselloChief Information Officer30,131
Christine Marie GorjancDirector22,940
Dale W. BoylesDirector22,940
Paul C. SvindlandDirector15,977
Michael B. HodgeDirector93,846
Charles Leonard AndersonDirector122,474
Robert Leon Edwards JrDirector122,474

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer 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

DateEventDetails
Mar 27, 2025Auditor changeChange in certifying accountant (8-K Item 4.01)
Mar 18, 2025Late filingNotification of late filing
May 13, 2024Late filingNotification of late filing
Mar 1, 2024Late filingNotification of late filing
Jan 31, 2024Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Jan 31, 2024Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
May 22, 2015Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Mar 9, 2015Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Feb 6, 2014Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Mar 4, 2013Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Aug 14, 1998Name changeName changed from LANDAIR SERVICES INC to FORWARD AIR CORP