Forward Air

Forward Air on Monday updated its first-quarter expectations for a second time.

Forward Air said Wednesday that 10% to 15% of last year’s revenue would have been impacted by the new tariffs.

Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.

Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

Forward Air announced after the market closed Friday the termination “without cause” of its president and chief operating officer.

Forward Air continues to refresh its leadership team, hiring a new chief commercial officer on Wednesday.

Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.

After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.

Investment firm Alta Fox has joined some of Forward Air’s other investors that are calling on the expedited trucking company to consider a sale following its controversial acquisition of Omni Logistics.

Driverless truck developers are looking to third-party validators to back their safety claims.

Nikola Corp. announced that it has hired ousted Forward Air CEO Tom Schmitt to lead its commercial efforts.

Activist investor Ancora has called on Forward Air’s board to consider a sale of the company and to begin engaging with potential buyers.

Activist investor Clearlake Capital holds a 13.8% equity position in Forward Air and signaled it may look to make changes at the company.

Forward Air said Wednesday it will continue to focus on integration and revenue opportunities following a messy merger with Omni Logistics.

Forward Air said Wednesday that interim Chief Financial Officer Jamie Pierson will assume that role on a permanent basis and that it has added James Faught as chief accounting officer.

Forward Air’s review of the first quarter shows the company has a little more breathing room to upcoming debt covenants.

Forward Air confirms it has implemented workforce reductions and other restructuring initiatives.

S&P Global cut its debt rating on Forward Air for the second time in four months.

Industry expert Satish Jindel offers perspective on Forward Air’s controversial merger with Omni Logistics.