FORWARD AIR CORP

Forward Air Corporation is a leading provider of transportation services, operating with an asset-light strategy. The company offers ground transportation, air and ocean forwarding, intermodal drayage services, and contract logistics across North and South America, Europe, and Asia. Forward also provides customized, high-touch logistics and supply chain management solutions. Their services typically require precision execution, including expedited transit, delivery within tight time windows, and special handling. Forward was founded in 1981 in Greeneville, Tennessee. In 2025, the company changed its state of incorporation from Tennessee to Delaware and moved its headquarters from Greeneville to Dallas, Texas. Its common stock is listed on the Nasdaq Global Select Market under the symbol "FWRR". On January 25, 2024, Forward completed the acquisition of Omni Newco LLC ("Omni"). The company's services are classified into three reportable segments: Expedited Freight, Omni Logistics, and Intermodal. The Expedited Freight segment operates a comprehensive network in the continental United States, providing expedited regional, inter-regional, and national Less-Than-Truckload (LTL) services. This segment offers local pick-up and delivery, truckload services, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling services. For the year ended December 31, 2025, Expedited Freight accounted for approximately 40% of Forward's consolidated revenue.