Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. The company operates through two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. It also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, and steamship lines and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
IPO Year:
Exchange: NASDAQ
Website: forwardaircorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/28/2024 | Underperform → Peer Perform | Wolfe Research | |
| 1/10/2024 | Peer Perform → Underperform | Wolfe Research | |
| 8/29/2023 | $110.00 → $85.00 | Hold → Buy | Jefferies |
| 8/28/2023 | Underperform → Peer Perform | Wolfe Research | |
| 8/15/2023 | $130.00 → $80.00 | Outperform → Neutral | Robert W. Baird |
| 8/11/2023 | $127.00 → $103.00 | Buy → Hold | Stifel |
| 8/11/2023 | $80.00 | Peer Perform → Underperform | Wolfe Research |
| 8/11/2023 | Strong Buy → Mkt Perform | Raymond James | |
| 7/19/2023 | $106.00 → $130.00 | Neutral → Outperform | Robert W. Baird |
| 1/4/2023 | $110.00 | Buy → Hold | Jefferies |