Forward Air traded at $8.76 this Friday May 15th, decreasing $0.64 or 6.81 percent since the previous trading session. Looking back, over the last four weeks, Forward Air lost 58.03 percent. Over the last 12 months, its price fell by 54.30 percent. Looking ahead, we forecast Forward Air to be priced at 8.58 by the end of this quarter and at 8.08 in one year, according to Trading Economics global macro models projections and analysts expectations.
Forward Air Corporation is an asset-light freight and logistics company. The Company provides less-than-truckload (LTL), final mile, truckload and intermodal drayage services across the United States and in Canada. The Company operates through two segments: Expedited Freight and Intermodal. The Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL services. Expedited Freight offers customers local pick-up and delivery and other services including final-mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Intermodal segment provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and Container Freight Station (CFS) warehouse and handling services.