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GREENEVILLE, Tenn. - Forward Air Corporation (NASDAQ:FWRD), a transportation services provider with a market capitalization of $856 million and impressive revenue growth of 35% over the last twelve months, announced Wednesday it is conducting a nationwide automotive replenishment program as a single end-to-end logistics partner through its Omni Logistics division.According to InvestingPro data, Forward Air has shown strong stock performance in recent months, though analysts have revised earnings expectations downward for the upcoming period. InvestingPro offers 7 additional investment tips for FWRD.
The project involves a global automaker that required a provider to pick up new parts from manufacturing facilities, store them in warehouses, and handle delivery to dealerships across the United States and Canada.
According to the company’s statement, Omni Logistics developed a solution that manages the auto replenishment without requiring additional work or personnel from the customer. The service includes real-time tracking, dedicated oversight, and a complete cost-per-unit pricing model.
"This project was another opportunity to create solutions based on a customer’s unique need," said Eric Brandt, Chief Commercial Officer of Forward Air. "We have the tools and capabilities to help customers solve specific problems."
The logistics solution encompasses transportation, warehousing, order fulfillment, and reporting services. Forward Air indicated the project required precise execution to minimize downtime and maintain transparent pricing for budgeting purposes.
Forward Air describes itself as an asset-light provider of transportation services across North America, offering expedited less-than-truckload services, truckload brokerage, intermodal services, and warehouse handling through its network of terminals.
The company did not disclose the financial terms of the arrangement or identify the automaker involved in the press release statement.
In other recent news, Forward Air reported its second-quarter 2025 earnings, which showed a 3.9% decline in revenue year-over-year, totaling $619 million. The company also posted adjusted earnings per share of ($0.01) and an adjusted EBITDA of $74 million, surpassing both Stifel’s expectations and the Street’s consensus. Benchmark reiterated its Hold rating on Forward Air as the company continues integrating with Omni and focuses on improving operations. Meanwhile, Susquehanna raised its price target for Forward Air to $43, maintaining a Positive rating, and highlighted the potential for a business sale as a significant opportunity. In contrast, Stifel lowered its price target to $32 due to macroeconomic concerns but kept a Buy rating on the stock. Despite challenging freight market conditions, Forward Air managed to improve EBITDA margins through pricing optimization and expense management. These developments reflect ongoing strategic adjustments and market perceptions surrounding Forward Air’s financial and operational outlook.
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