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Forward Air FWRD Intermodal Segment — Salaries, wages and employee benefits

Other segment segments

Expedited Freight Segment
$55.65M+5.8%
Omni Logistics
$53.4M-6.0%

Similar metrics at other companies

Knight-Swift Transportation Holdings Inc. logo
KNXIntermodal — Salaries, wages, and benefits
$15.13M+1.0%
Schneider National logo
SNDRIntermodal — Compensation Expense, Excluding Cost of Good and Service Sold
$42.3M-2.8%
Universal Logistics Holdings, Inc. logo
ULHIntermodal — Labor And Related Expense
$15.42M-14.1%
Marten Transport logo
MRTNIntermodal — Operating Expenses
$33.76M+9.4%
Marten Transport logo
MRTNIntermodal — Labor And Related Expense
$1.89M+5.8%
Universal Logistics Holdings, Inc. logo
ULHIntermodal — Operating Expenses
$60.97M-25.1%

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:LaborAndRelatedExpense.

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 intermodal segment — salaries, wages and employee benefits?
Forward Air (FWRD) reported intermodal segment — salaries, wages and employee benefits of $13.66M in Q1 2026.
How has Forward Air's intermodal segment — salaries, wages and employee benefits changed year-over-year?
Forward Air's intermodal segment — salaries, wages and employee benefits decreased by 14.2% year-over-year, from $15.93M to $13.66M.
What is the long-term trend for Forward Air's intermodal segment — salaries, wages and employee benefits?
Over 3 years (2022 to 2025), Forward Air's intermodal segment — salaries, wages and employee benefits has grown at a -7.7% compound annual growth rate (CAGR), from $73.41M to $57.64M.
What does intermodal segment — salaries, wages and employee benefits mean?
This captures the total compensation costs, including wages and benefits, for personnel directly supporting the intermodal segment's operations. Monitoring this helps evaluate labor productivity and the impact of headcount changes on the segment's overall operating margin.