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Forward Air FWRD Expedited Freight — Insurance and claims

Other segment segments

Intermodal
$1.8M-42.8%
Omni Logistics
$276K-77.9%

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Other financials

Income statement

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Revenue$673.0M+8.8%
Operating income-$201.3M-1,131%
Net income-$207.3M-1,547%
EPS (diluted)-$6.38-1,456%

Balance sheet

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Cash & equivalents$139.4M+46.3%
Total debt$2.1B-2.4%
Total equity-$115.4M-176%
Total assets$2.4B-12.7%

Cash flow

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Operating cash flow$45.7M+65.6%
CapEx$3.2M-32.3%
Free cash flow$38.8M+147%

Valuation

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Market cap$653.66M-27.1%
Enterprise value$2.62B-11.3%
P/S0.3×-0.1×

Profitability

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Gross margin48.7%
Operating margin-6.6%-8.5pp
Net margin-11.4%+21.6pp
FCF margin0.6%+0.3pp

Returns & leverage

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Return on equity-77.6%-25.2pp
Debt / equity26.5×+12.6×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by Forward Air in its filing.

Tagged under the XBRL concept us-gaap:OperatingInsuranceAndClaimsCostsProduction.

The source filing: Forward Air’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053329
Three Months Ended June 30, 2026Expedited FreightOmni LogisticsIntermodalCorporate and EliminationsTotal
Salaries, wages and employee benefits57,56862,22613,783(3,537)130,040
Operating leases16,41627,4666,10027050,252
Depreciation and amortization8,49523,8783,8822,00738,262
Insurance and claims10,0182761,7991,58513,678
Fuel expense3,6684572,541(22)6,644
Other operating expenses20,06820,0823,43111,99355,574
Impairment of goodwill244,006244,006
Segment profit (loss)$34,893$(230,010)$6,101$(12,296)$(201,312)

Item 1. Financial Statements

FAQ

What is Forward Air's expedited freight — insurance and claims?
Forward Air (FWRD) reported expedited freight — insurance and claims of $10.02M in Q2 2026.
How has Forward Air's expedited freight — insurance and claims changed year-over-year?
Forward Air's expedited freight — insurance and claims decreased by 6.3% year-over-year, from $10.69M to $10.02M.
What is the long-term trend for Forward Air's expedited freight — insurance and claims?
Over 3 years (2022 to 2025), Forward Air's expedited freight — insurance and claims has grown at a 6.3% compound annual growth rate (CAGR), from $33.92M to $40.75M.
What does expedited freight — insurance and claims mean?
This metric tracks the costs associated with cargo insurance, liability coverage, and the settlement of freight-related claims. It serves as a proxy for operational risk management and the safety performance of the logistics network.

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