Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
| Income Statement [Abstract] | ||||
| Operating revenue | $ 618,844 | $ 643,666 | $ 1,232,125 | $ 1,185,479 |
| Operating expenses: | ||||
| Purchased transportation | 303,300 | 321,587 | 607,562 | 598,602 |
| Salaries, wages and employee benefits | 145,490 | 144,000 | 287,405 | 272,867 |
| Operating leases | 49,505 | 46,258 | 98,298 | 85,061 |
| Depreciation and amortization | 36,806 | 48,639 | 74,166 | 80,425 |
| Insurance and claims | 15,536 | 14,698 | 30,542 | 27,579 |
| Fuel expense | 5,278 | 5,859 | 10,927 | 11,105 |
| Other operating expenses | 43,407 | 65,666 | 98,940 | 178,613 |
| Impairment of goodwill | 0 | 1,092,714 | 0 | 1,092,714 |
| Total operating expenses | 599,322 | 1,739,421 | 1,207,840 | 2,346,966 |
| Income (loss) from continuing operations | 19,522 | (1,095,755) | 24,285 | (1,161,487) |
| Other income and expenses: | ||||
| Interest expense, net | (45,326) | (47,265) | (90,873) | (88,018) |
| Foreign exchange (loss) gain | (4,653) | 1,567 | (5,575) | 899 |
| Other (expense) income, net | (6,656) | 40 | (6,552) | 49 |
| Total other expense | (56,635) | (45,658) | (103,000) | (87,070) |
| Net loss from continuing operations before income taxes | (37,113) | (1,141,413) | (78,715) | (1,248,557) |
| Income tax (benefit) expense | (16,749) | (174,942) | 2,840 | (193,292) |
| Net loss from continuing operations | (20,364) | (966,471) | (81,555) | (1,055,265) |
| Loss from discontinued operations, net of tax | 0 | (4,876) | 0 | (4,876) |
| Net loss | (20,364) | (971,347) | (81,555) | (1,060,141) |
| Net loss attributable to noncontrolling interest | (7,781) | (325,914) | (18,335) | (352,996) |
| Net loss attributable to Forward Air | $ (12,583) | $ (645,433) | $ (63,220) | $ (707,145) |
| Basic and diluted net loss per share attributable to Forward Air: | ||||
| Continuing operations, basic (in dollars per share) | $ (0.41) | $ (23.29) | $ (2.09) | $ (27.53) |
| Continuing operations, diluted (in dollars per share) | (0.41) | (23.29) | (2.09) | (27.53) |
| Discontinued operations, basic (in dollars per share) | 0 | (0.18) | 0 | (0.18) |
| Discontinued operations, diluted (in dollars per share) | 0 | (0.18) | 0 | (0.18) |
| Net loss per basic share (in dollars per share) | (0.41) | (23.47) | (2.09) | (27.71) |
| Net loss per diluted share (in dollars per share) | $ (0.41) | $ (23.47) | $ (2.09) | $ (27.71) |
| Net loss | $ (20,364) | $ (971,347) | $ (81,555) | $ (1,060,141) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustments | 4,561 | (849) | 4,826 | (1,000) |
| Comprehensive loss | (15,803) | (972,196) | (76,729) | (1,061,141) |
| Comprehensive loss attributable to noncontrolling interest | (7,781) | (325,914) | (18,335) | (352,996) |
| Comprehensive loss attributable to Forward Air | $ (8,022) | $ (646,282) | $ (58,394) | $ (708,145) |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Insurance and claims costs directly related to goods produced and sold, or services rendered, during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating lease expense. Excludes sublease income. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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