About Forward
Forward is a company based in Greeneville (United States) founded in 1993 was acquired by Hub Group in December 2023. It operates as a Managed Services, and Brokerage / Intermediation. The company has 6,320 employees as of December 31, 2024. Forward has completed 15 acquisitions, including Atlantic Trucking, CLW Delivery and Chickasaw Container Services. Forward offers products and services including Expedited LTL, Truckload, Intermodal Drayage, and Brokerage.
- Headquarter Greeneville, United States
- Employees 6320 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Forward Air Corporation
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Annual Revenue
$2.47 B80.51as on Dec 31, 2024
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Net Profit
$-810.58 M-7272.02as on Dec 31, 2024
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EBITDA
$109.44 M-24.84as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
6320
as on Dec 31, 2024
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Investments & Acquisitions
Atlantic Trucking
& 14 more
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Acquired by
Hub Group
(Dec 20, 2023)
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IPO & Listings of Forward
Forward is a publicly listed company on the NASDAQ with ticker symbol FWRD in USA, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Forward
Forward offers a comprehensive portfolio of products and services, including Expedited LTL, Truckload, Intermodal Drayage, and Brokerage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Expedited LTL solutions are provided across North America.
Truckload services are offered for various U.S. regions.
Intermodal services are managed for import-export supply chains.
Brokerage services are provided for freight management solutions.
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Sales and Marketing
46 people
Leadership Team
31 people
Software Development Team
30 people
Operations Team
24 people
Finance and Accounting
7 people
Product Management Team
6 people
Legal and Compliance
6 people
Senior Team
4 people
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Funding Insights of Forward
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Forward
Forward has secured backing from 1 investor. Prominent investors backing the company include Hub Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Transportation and logistics services are managed across North America.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Forward
Forward has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Atlantic Trucking, CLW Delivery and Chickasaw Container Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-modal freight forwarding and logistics services are offered.
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2020 | ||||
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Trucking services are provided for freight transportation needs.
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2001 | ||||
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Truck transportation services are provided across the United States.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Forward
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Forward Comparisons
Competitors of Forward
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Forward
Frequently Asked Questions about Forward
When was Forward founded?
Forward was founded in 1993.
Where is Forward located?
Forward is headquartered in Greeneville, United States. It is registered at Greeneville, Tennessee, United States.
How many employees does Forward have?
As of Dec 31, 2024, the latest employee count at Forward is 6,320.
What is the annual revenue of Forward?
Annual revenue of Forward is $2.47B as on Dec 31, 2024.
What does Forward do?
Forward is established as a leading provider of ground freight transportation solutions across North America. Services are offered in expedited less-than-truckload (LTL), truckload, intermodal drayage, and brokerage, catering to diverse shipping needs. With over 40 years of industry experience, a vast network of facilities and daily lanes is maintained to ensure speed, accuracy, and reliability. Operations are supported by advanced technology for real-time visibility and guaranteed delivery performance. The company is committed to safe, efficient, and on-time delivery, serving various sectors with tailored freight management solutions.
What products or services does Forward offer?
Forward offers Expedited LTL, Truckload, Intermodal Drayage, and Brokerage.
Is Forward publicly traded?
Yes, Forward is publicly traded on NASDAQ under the ticker symbol FWRD.
How many acquisitions has Forward made?
Forward has made 15 acquisitions, including Atlantic Trucking, CLW Delivery, and Chickasaw Container Services.
Who are Forward's investors?
Forward has 1 investor. Key investors include Hub Group.
What is Forward's ticker symbol?
The ticker symbol of Forward is FWRD on NASDAQ.