A recent exchange of filings in a Delaware court shows Forward Air and Omni Logistics are at odds over Omni’s 2023 financial forecasts, among other things.
An open letter from activist investor Ancora says the firm has come under attack following its public disapproval of Forward’s merger proposal with Omni Logistics.
AIT becomes an alternative to incumbents for middle-mile LTL share.
Forward Air provided long-term financial targets on Tuesday and said the outcome of its bid for Omni Logistics may not be decided until next year.
Forward Air has filed a counterclaim against Omni Logistics and wants a Delaware court to rule it’s not obligated to move forward with the merger.
Who is leading, following, emerging or out of the game in autonomous trucking? Here’s an assessment of shifts among the players.
Omni Logistics is asking a Delaware court to make Forward Air close on a planned merger between the two companies.
Forward Air will primarily focus on less-than-truckload opportunities moving forward as it tries to exit a burdensome merger agreement.
Forward Air said it would accelerate a strategic review of its assets after missing third-quarter consensus and providing a weaker-than-expected fourth-quarter outlook.
Forward Air may decide to terminate its merger agreement with Omni Logistics even though a Tennessee court said it won’t stand in its way.
President and COO Webb Estes reviews restored functions, praises customers that stuck around.
Activist investor Ancora said it will move to remove Forward Air’s board and CEO if a Tennessee court rules a shareholder vote on the Omi merger is warranted.
A Tennessee court will take more time mulling over a complaint from shareholders claiming they have the right to vote on Forward Air’s merger with Omni Logistics.
Estes Express has opened up a web portal to communicate with customers amid a cyberattack on the LTL carrier.
Forward Air’s planned merger with Omni Logistics hit a roadblock this week as a Tennessee court said it will decide next month if shareholders get a vote.
Two debt rating agencies, Fitch and S&P, rated Forward Air’s newly issued debt from its Omni deal and were mostly positive.
Forward Air’s August tonnage improved from July but likely came in lower than expected.
Forward Air defends its latest deal that will position it as a supplier and a competitor to its customers.
Forward’s plan to acquire a large forwarder has stakeholders concerned.
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.
