Welcome to our dedicated page for Forward Air news (Ticker: FWRD), a resource for investors and traders seeking the latest updates and insights on Forward Air stock.
Forward Air Corporation (NASDAQ: FWRD) is an asset-light transportation and logistics company that publicly reports on developments across its expedited freight, Omni Logistics and intermodal segments. The FWRD news feed on Stock Titan brings together company-issued press releases and other coverage that reflect how Forward Air is operating within the transportation and warehousing sector.
In its recent communications, Forward Air has highlighted quarterly financial results, including updates on operating income, segment performance and liquidity. Earnings releases describe trends in the Expedited Freight segment, which the company characterizes as encompassing one of the largest expedited LTL networks in North America, as well as results from Omni Logistics and Intermodal operations. These updates often discuss cost management, transformation initiatives and the impact of freight market conditions.
Beyond earnings, Forward Air’s news includes announcements about customer awards and project wins. Examples include combined Forward Air and Omni Logistics service offerings for a global athletics brand, nationwide automotive replenishment projects managed through Omni, and expanded partnerships with a leader in package delivery services. Such items illustrate how the company applies its expedited LTL, truckload brokerage, intermodal drayage and multimodal capabilities in real-world customer settings.
Corporate governance and strategic updates are also part of the news flow. The company has reported Board changes, a comprehensive strategic alternatives review and shareholder meeting outcomes, along with philanthropic activities such as the Drive for Hope Golf Tournament benefiting Hope For The Warriors. Investors and observers can use this news page to follow Forward Air’s operational performance, strategic direction and community initiatives over time.
Irenic Capital Management has announced its intention to vote against certain legacy members of Forward Air Corporation's (NASDAQ: FWRD) Board of Directors at the 2025 Annual Meeting. The investment firm supports Ancora Holdings Group's position to withhold support for specific legacy directors. The primary concern stems from the Board's 2023 decision regarding the Omni Logistics LLC acquisition, where legacy directors allegedly bypassed shareholder voting requirements. Irenic argues that this action undermined shareholder rights and proper corporate governance principles.
Ancora Holdings Group, a top 10 shareholder with 4.1% stake in Forward Air Corporation (NASDAQ: FWRD), has issued a letter urging shareholders to vote AGAINST three legacy directors at the 2025 Annual Meeting: Chairman George S. Mayes, Jr., Director Javier Polit, and Director Laurie A. Tucker. The activist investor criticizes these directors for their role in the disastrous $1.85 billion debt-funded Omni Logistics acquisition in 2023 and their apparent resistance to conducting a timely strategic review.
Under these directors' tenure, Forward Air's stock has plummeted to $16.75, representing negative returns of over 70%. Ancora argues that the Board's slow progress in the strategic review process, announced in January 2025, and their controversial flip-flopping on the Tennessee Business Combination Act demonstrates entrenchment behavior. The investor believes a private market sale would be the best path forward for addressing the company's balance sheet issues and delivering shareholder value.
FAQ
What is the current stock price of Forward Air (FWRD)?
What is the market cap of Forward Air (FWRD)?
