Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. It operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and …
Full FWRD analysis →
Where FWRD ranks in Integrated Freight & Logistics
Forward Air Corporation ranks #15 of 27
scored companies in Integrated Freight & Logistics by moat score — the top 56%.
The widest moat in the group is ZTO Express (Cayman) Inc. (ZTO)
at 83/100.
Moat scores for companies ranked near FWRD in Integrated Freight & Logistics
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 72
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 42
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 22
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 34
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 42
· 15% of the moat score
Scale matters only when it converts into economics.
Forward Air Corporation (FWRD) scores 39 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #15 of 27 scored companies in Integrated Freight & Logistics, the top 56%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Integrated Freight & Logistics. Its strongest defense is Cost Advantage (72/100) and its weakest is Capital Efficiency (22/100).
How does Forward Air Corporation compare with other Integrated Freight & Logistics companies?
Forward Air Corporation ranks #15 of 27 scored companies in Integrated Freight & Logistics by moat score. The widest moat in Integrated Freight & Logistics is ZTO Express (Cayman) Inc. (ZTO) at 83/100. The companies ranked closest are GXO Logistics, Inc. (GXO) at 54 just above it and Proficient Auto Logistics, Inc. (PAL) at 37 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Integrated Freight & Logistics. The defenses are then weighted to produce the overall score out of 100.
Why is Forward Air Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Forward Air Corporation?
The Corporate Default template measures 6 defenses, and FWRD scores: Pricing Power (30), Cost Advantage (72), Customer Stickiness (42), Capital Efficiency (22), Resilience (34), Scale & Market Position (42). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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