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Forward Air FWRD Business Segments

FY'25FY'24FY'23FY'22
Total operating revenues by Business
Expedited Freight Segment$1.01B-9.2%$1.12B+1.7%$1.1B-12.9%$1.26B+14.7%
Intermodal Segment$230.53M-1.0%$232.83M-15.0%$274.04M-34.7%$419.72M+45.1%
Omni Logistics$1.35B+12.9%$1.2B
Operating Income (Loss) by Business
Expedited Freight Segment$69.78M+2.7%$67.95M-41.6%$116.31M-39.6%$192.58M+51.6%
Intermodal Segment$16.92M-10.6%$18.93M-25.3%$25.33M-55.5%$56.87M+88.8%
Omni Logistics$30.16M+103%-$1.13B
Other operating expenses by Business
Expedited Freight Segment$85.64M-14.0%$99.64M+5.4%$94.55M+13.4%$83.39M
Intermodal Segment$19.72M-12.4%$22.51M-43.3%$39.73M-64.3%$111.36M
Omni Logistics$97.36M-3.8%$101.21M
Salaries, wages and employee benefits by Business
Expedited Freight Segment$210.42M-13.2%$242.41M+7.0%$226.53M-3.1%$233.88M
Intermodal Segment$57.64M-1.8%$58.71M-12.3%$66.93M-8.8%$73.41M
Omni Logistics$232.14M+7.7%$215.52M
Purchased transportation by Business
Expedited Freight Segment$491.92M-10.0%$546.46M+6.9%$511.25M-18.2%$624.99M
Intermodal Segment$76.91M+4.2%$73.81M-1.5%$74.94M-29.1%$105.66M
Omni Logistics$774.79M+10.5%$701.04M
Operating Lease, Cost by Business
Expedited Freight Segment$64.35M+1.5%$63.4M+2.7%$61.73M+15.7%$53.34M
Intermodal Segment$22.31M+3.3%$21.6M-15.9%$25.69M-19.6%$31.95M
Omni Logistics$114.57M+18.7%$96.5M
Fuel expense by Business
Expedited Freight Segment$8.99M-7.7%$9.73M-10.6%$10.88M-0.7%$10.96M
Intermodal Segment$7.43M-13.3%$8.58M-22.9%$11.12M-30.5%$15.99M
Omni Logistics$3.68M+16.9%$3.15M
D&A by Business
Expedited Freight Segment$40.72M-2.7%$41.86M+11.9%$37.41M+38.3%$27.06M
Intermodal Segment$17.93M-2.8%$18.44M-7.8%$19.99M+29.9%$15.39M
Omni Logistics$93.54M+12.0%$83.54M
Insurance and claims by Business
Expedited Freight Segment$40.75M-6.8%$43.72M+14.2%$38.29M+12.9%$33.92M
Intermodal Segment$11.67M+13.8%$10.25M-0.7%$10.32M+13.6%$9.09M
Omni Logistics$4.92M-60.0%$12.3M
Total operating revenues by Product
Network$761.94M-10.8%$854.14M+1.0%$845.95M-10.7%$947.82M+16.5%
Truckload$165.89M-2.7%$170.46M+6.9%$159.51M-28.1%$221.98M-0.5%
Revenue by Geography
Foreign Operations$330.04M
United States Federal$2.17B

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Questions, answered.

How does Forward Air break its business down?
Forward Air (FWRD) reports total operating revenues by business across 3 parts — Expedited Freight Segment, Intermodal Segment and Omni Logistics. Each is extracted from the segment footnotes and tracked over time.
Where does Forward Air's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Forward Air's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.