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Forward Air FWRD Expedited Freight Segment — Fuel expense

Other segment segments

Intermodal Segment
$2.37M+10.0%
Omni Logistics
$504K-50.4%

Similar metrics at other companies

Covenant Logistics Group logo
CVLGExpedited — Fuel Costs
$14.51M-2.8%
Covenant Logistics Group logo
CVLGExpedited — Total Costs & Expenses
$81.85M-8.1%
FedEx logo
FDXFedEx Freight
Segment — Fuel
$104M-7.1%
FedEx logo
FDXFederal Express segment — Fuel
$751M-3.3%
Covenant Logistics Group logo
CVLGExpedited — Revenue Equipment Rentals And Purchased Transportation
$15.08M-8.9%
Covenant Logistics Group logo
CVLGExpedited — Labor And Related Expense
$28.03M-11.0%

Other financials

Income statement

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Revenue$582.0M-5.1%
Operating income$20.4M+329%
Net income-$34.3M+32.2%
EPS (diluted)-$1.09+35.1%

Balance sheet

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Cash & equivalents$141.0M+20.9%
Total debt$2.2B-0.1%
Total equity$81.0M-47.6%
Total assets$2.7B-3.9%

Cash flow

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Operating cash flow$45.7M+65.6%
CapEx$6.9M-41.7%
Free cash flow$38.8M+147%

Valuation

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Market cap$451.92M-33.0%
Enterprise value$2.46B-9.2%
P/S0.2×-0.1×

Profitability

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Gross margin48.7%—
Operating margin2.2%+1.1pp
Net margin-3.7%-1.7pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.2×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:FuelCosts.

The official record: Forward Air’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forward Air's expedited freight segment — fuel expense?
Forward Air (FWRD) reported expedited freight segment — fuel expense of $2.05M in Q1 2026.
How has Forward Air's expedited freight segment — fuel expense changed year-over-year?
Forward Air's expedited freight segment — fuel expense decreased by 16.9% year-over-year, from $2.47M to $2.05M.
What is the long-term trend for Forward Air's expedited freight segment — fuel expense?
Over 3 years (2022 to 2025), Forward Air's expedited freight segment — fuel expense has grown at a -6.4% compound annual growth rate (CAGR), from $10.96M to $8.99M.
What does expedited freight segment — fuel expense mean?
This captures the direct costs of fuel consumed by the expedited freight segment's fleet or the fuel surcharges paid to third-party carriers. It is a critical metric for assessing the segment's sensitivity to energy price volatility.