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

Forward Air's omni logistics — purchased transportation increased by 2.8% year-over-year, from $185.04M to $190.17M.

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

Screener

Other segment segments

Expedited Freight

$167.94M+34.9%

Intermodal

$22.09M+10.2%

Similar metrics at other companies

KNXLogistics — Purchased transportation

$117.53M+13.1%

DKLogistics — Operating Expenses

$43.4M+13.6%

MML

MMLPTransportation — Operating Expenses

$19.89M-3.0%

SNDRLogistics — Operating supplies and expenses—net

$15.4M+10.8%

DKLStorage and Transportation — Operating and maintenance expenses

$5.38M+41.7%

XPO

XPOEuropean Transportation — Purchased transportation

$394M+8.5%

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

See full

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

See full

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:OperatingCostsAndExpenses.

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, 2026	Expedited Freight	Omni Logistics	Intermodal	Corporate and Eliminations	Total
Intersegment revenues	43,201	—	1,096	(44,297)	—
Total consolidated revenues	319,062	338,547	59,724	(44,297)	673,036
Less:
Purchased transportation	167,936	190,166	22,087	(44,297)	335,892
Salaries, wages and employee benefits	57,568	62,226	13,783	(3,537)	130,040
Operating leases	16,416	27,466	6,100	270	50,252
Depreciation and amortization	8,495	23,878	3,882	2,007	38,262
Insurance and claims	10,018	276	1,799	1,585	13,678

Item 1. Financial Statements

FAQ

What is Forward Air's omni logistics — purchased transportation?: Forward Air (FWRD) reported omni logistics — purchased transportation of $190.17M in Q2 2026.
How has Forward Air's omni logistics — purchased transportation changed year-over-year?: Forward Air's omni logistics — purchased transportation increased by 2.8% year-over-year, from $185.04M to $190.17M.
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.