Wire
8:37 AM ET
Dry Van Spot Rates Hit $2.14/Mile, Up 31% as Volumes Fall
● Prime Sues IRS for $11M Reefer Fuel Tax Refund Owner-Operators Can Claim Too
● Carriers Report Improved Conditions as Freight Market Optimism Grows
● Major Carriers Still Betting on Diesel Through 2030s
● Dedicated Fleets Lock Rates as Spot Jumps 21% and Capacity Exits
● Spot Rates Up 50% Year-Over-Year as Mid-June Slump Hits Demand
● Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
● TFS and WEX launch equipment financing for carriers after 3-year freeze
● Tender Rejections Hit 16.5% — Market Won't Balance Until Late 2027
● Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
● Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
● Intermodal Volume Up 10.9% as Truckload Rates Push Freight to Rail
● Brent Crude Falls to $78.36 — Down $1.19 as Iran War Premium Fades
● Oil Falls Back to $80 — Brent Down 3.2%, U.S. Crude at $78.72
Dry Van Spot Rates Hit $2.14/Mile, Up 31% as Volumes Fall
● Prime Sues IRS for $11M Reefer Fuel Tax Refund Owner-Operators Can Claim Too
● Carriers Report Improved Conditions as Freight Market Optimism Grows
● Major Carriers Still Betting on Diesel Through 2030s
● Dedicated Fleets Lock Rates as Spot Jumps 21% and Capacity Exits
● Spot Rates Up 50% Year-Over-Year as Mid-June Slump Hits Demand
● Brent Crude Down 2.8% to $78.34 as Iran Talks Continue
● TFS and WEX launch equipment financing for carriers after 3-year freeze
● Tender Rejections Hit 16.5% — Market Won't Balance Until Late 2027
● Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
● Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
● Intermodal Volume Up 10.9% as Truckload Rates Push Freight to Rail
● Brent Crude Falls to $78.36 — Down $1.19 as Iran War Premium Fades
● Oil Falls Back to $80 — Brent Down 3.2%, U.S. Crude at $78.72
Forward Air
$14.09
+4.29%
Open
$13.48
Prev close
$13.51
Day high
$14.22
Day low
$13.23
As of (UTC)
2026-07-02 12:35:08
Price history
52W High
$32.27
52W Low
$7.92
Avg vol 30d
0
$7.92
$32.27
52-week range · current $14.09 at 25%
1W
+5.07%
1M
+34.57%
3M
-18.98%
6M
-44.64%
YTD
-43.93%
1Y
-46.47%
5Y
-84.11%
Company
Forward Air Corp (Delaware)
Industry
Logistics & Transportation
IPO
Sep 9, 2020
Market cap
$470.26M
Shares out
31.63M
Latest quarter
Revenue
$582.05M
▼ -5.1% YoY
Net income
-$34.32M
▲ +32.2% YoY
EPS (diluted)
$-1.09
▲ +35.1% YoY
Op. cash flow
$45.74M
67%
Recent news
Recent SEC filings
Beneficial ownership (passive, amended)
EDGAR ↗
Quarterly report
EDGAR ↗
Current report
EDGAR ↗
FORM 4
EDGAR ↗
FORM- DEF 14A
EDGAR ↗
Additional proxy materials
EDGAR ↗
ARS
EDGAR ↗
FORM 8-K
EDGAR ↗
Beneficial ownership (passive, amended)
EDGAR ↗
FORM 4
EDGAR ↗
FORM 4
EDGAR ↗
FORM 4
EDGAR ↗
FORM 4
EDGAR ↗
Annual report
EDGAR ↗
FORM 4
EDGAR ↗
Analyst consensus
Strong buy
Buy
Hold
Sell
Strong sell
Jun '26
May '26
Apr '26
Mar '26
Feb '26
Quarterly financials
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $582.05M | — | — | — | $613.28M | — | $655.94M | $643.67M | $541.81M | — | $340.98M | $333.62M | $357.71M | — | $433.20M | $442.19M | $401.20M | — | — | — |
| Operating income | $20.44M | — | — | — | $4.76M | — | — | — | -$65.73M | — | — | — | $47.20M | — | — | — | $57.35M | — | — | — |
| Net income | -$34.32M | — | — | -$20.36M | -$50.64M | — | -$73.41M | -$971.35M | -$88.79M | — | $9.29M | $19.95M | $36.37M | — | $52.13M | $55.43M | $42.69M | — | — | $30.68M |
| Op. cash flow | $45.74M | — | — | — | $27.62M | — | — | — | -$51.72M | — | — | — | $65.99M | — | — | — | $62.49M | — | — | — |
| EPS (diluted) | $-1.09 | — | — | — | $-1.68 | — | $-2.66 | $-23.47 | $-2.81 | — | $0.36 | $0.76 | $1.37 | — | $1.93 | $2.04 | $1.57 | — | — | — |
| EPS (basic) | $-1.09 | — | — | — | $-1.68 | — | $-2.66 | $-23.47 | $-2.81 | — | $0.36 | $0.76 | $1.37 | — | $1.94 | $2.05 | $1.57 | — | — | — |
| Total assets | $2.70B | $2.72B | $2.79B | $2.76B | $2.80B | $2.80B | $3.06B | $3.07B | $3.96B | $2.98B | $1.19B | $1.18B | $1.23B | $1.21B | $1.19B | $1.20B | $1.17B | $1.12B | $1.07B | $1.08B |
| Long-term debt | $1.69B | $1.69B | $1.68B | $1.68B | $1.68B | $1.68B | $1.67B | $1.68B | $1.68B | $0.00 | $122.05M | $122.39M | $153.11M | $108.08M | $108.43M | $148.77M | $156.62M | $156.97M | — | — |
| Stockholder eq. | $81.00M | $113.34M | $139.78M | $216.24M | $227.01M | $285.87M | $336.53M | $362.22M | $1.33B | $764.26M | $665.70M | $673.61M | $685.63M | $707.24M | $682.70M | $664.35M | $611.77M | $593.65M | $555.54M | $550.35M |
Source: SEC EDGAR XBRL filings. Discrete quarter figures derived from each 10-Q (or 10-K for fiscal-year close). Negative values shown in red.
Data is provided for informational purposes only and is not investment advice. Quotes may be delayed by up to 5 minutes. SEC filing metadata is pulled from EDGAR; analyst consensus from Finnhub. Carrier Atlas is not a registered broker-dealer or investment adviser.
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CVLG$44.83 +1.47%
ODFL$217.96 +0.63%
SAIA$418.15 -0.71%
ARCB$139.82 -2.59%
XPO$207.06 +0.86%
FWRD$14.09 +4.29%
HUBG$44.78 +2.26%
FDX$313.89 +0.24%
UPS$109.54 +1.90%
CHRW$191.27 +1.56%
LSTR$207.35 +0.26%
GXO$51.28 +1.14%
RXO$27.74 +0.54%
EXPD$166.81 +2.35%
RLGT$9.52 +0.63%
ZIM$25.23 -2.96%
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SFL$10.25 +0.49%
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UNP$277.73 +2.11%
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