Forward Air’s shareholders approved the conversion of Omni’s nonvoting shares to voting common stock, giving the group 35% control of the combined entity.
Two rating agencies have cut the debt rating of beleaguered Forward Air.
Forward Air announced it has hired two-time YRC Worldwide chief financial officer Jamie Pierson.
An amended class action complaint from Forward Air’s shareholders has been filed in a Tennessee court.
Forward Air’s first quarter missed expectations, sending shares 30% lower in pre-market trading Thursday.
Forward Air has named Ceva’s Shawn Stewart as its new CEO.
Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.
Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.
Thomas Schmitt, the Forward Air CEO who put together the deal with Omni Logistics trashed by investors, is leaving the company.
Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.
In this edition: The evolution of ghost jobs that are hiring but really aren’t, and a deal finally closes and moves forward.
J.J. Schickel, CEO of Omni Logistics, will not be in an executive role at the combined Forward Air-Omni company.
Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.
Forward Air announced Monday that its deal with Omni Logistics will close at a slightly reduced amount.
A Delaware court will determine if Forward Air is required to close on a merger with Omni Logistics, or if Omni breached the deal agreement as alleged.
2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.
Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies.
Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.
Forward Air announced a 5.9% general rate increase for 2024 that is near the middle of the range of recent carrier announcements.
Forward Air reports positive tonnage trends for the first two months of the fourth quarter.
