How has Forward Air's omni logistics — purchased transportation changed year-over-year?

Forward Air's omni logistics — purchased transportation decreased by 9.1% year-over-year, from $185.73M to $168.92M.

What does omni logistics — purchased transportation mean?

Reflects the costs incurred by the segment for third-party carriers and external transportation providers used to fulfill customer shipments. This is a critical variable cost for asset-light logistics providers that rely on external capacity to scale operations.

Forward Air FWRD Omni Logistics — Purchased transportation

Other segment segments

Expedited Freight Segment

$141.68M+17.4%

Intermodal Segment

$19.34M-4.1%

Similar metrics at other companies

SNDRPurchased transportation

$477.6M-1.6%

LSTRTransportation Logistics — Purchased Transportation Costs

$907M+1.0%

UPSPurchased transportation

$2.76B+1.2%

FDXPurchased transportation

$6.16B+15.0%

UPSInternational Segment — Purchased transportation

$949M+4.9%

MRTNPurchased Transportation

$33.47M-11.1%

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:OperatingCostsAndExpenses.

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 omni logistics — purchased transportation?: Forward Air (FWRD) reported omni logistics — purchased transportation of $168.92M in Q1 2026.
How has Forward Air's omni logistics — purchased transportation changed year-over-year?: Forward Air's omni logistics — purchased transportation decreased by 9.1% year-over-year, from $185.73M to $168.92M.
What does omni logistics — purchased transportation mean?: Reflects the costs incurred by the segment for third-party carriers and external transportation providers used to fulfill customer shipments. This is a critical variable cost for asset-light logistics providers that rely on external capacity to scale operations.