Forward Air Corporation (FWRD)

Forward Air Corp.'s stock has experienced fluctuations in the past six months. As of January 2, 2026, the share price was $25.13, a 22.80% decrease from January 6, 2025, but it increased by 6.24% in the past month and 20% in the last quarter. Over the last 12 months, the stock price decreased by 16.04%. The acquisition of Omni Logistics in January 2024 led to a negative market reaction, and weak Q1 2024 results due to freight demand and integration costs caused a share price drop, leading to activist shareholder pressure. However, Q3 2025 results were solid, with the Omni segment achieving its strongest performance since the acquisition, increasing EBITDA to $33 million. Consolidated EBITDA for Q3 2025 was $78 million, and liquidity improved to $413 million.

The provided information does not explicitly detail the demand seasonality for Forward Air Corp.'s products and services. While the logistics and freight industry can experience seasonal fluctuations, the search results do not offer specific insights into how these patterns affect Forward Air's operations or demand for its particular services.

Forward Air Corporation is an asset-light freight and logistics company based in Greeneville, Tennessee, operating in the Transportation sector and Trucking industry. It offers transportation and logistics services through three segments: Expedited Freight, Omni Logistics, and Intermodal. The Expedited Freight segment provides LTL services, truckload brokerage, dedicated fleet services, and high-security logistics. The Omni Logistics segment offers global logistics services, including air and ocean freight forwarding, customs brokerage, and warehousing. The Intermodal segment specializes in container drayage services and warehouse handling. Forward Air serves freight forwarders, third-party logistics companies, air cargo carriers, airlines, steamship lines, and retailers.

Forward Air Corporation operates across North America, including the United States, Canada, and Mexico. The company has an extensive network of approximately 200 facilities throughout North America.

Forward Air Corporation has focused on enhancing its brand reputation through sustainability and operational excellence initiatives. The company released its 2024 and 2025 Sustainability Reports, detailing its ESG commitments, goals, and progress, including a nearly 12% decrease in roadway incidents in 2024 and a goal to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030. Forward Air also strengthened employee benefits, reduced idle usage, and achieved 100% renewable energy sourcing for its Dallas headquarters. The company has received awards for customer service, operational excellence, and commitment to partners.

Forward Air Corp. is primarily owned by institutional investors, holding between 54.54% and 97.03% of the company's stock. Major shareholders include Clearlake Capital Group, L.P., BlackRock, Inc., The Vanguard Group, Inc., Littlejohn & Co Llc, and Ridgemont Partners Management, LLC. Individual insiders hold approximately 1.59% to 17.20% of the stock.