Stifel upgraded Forward Air from Hold to Buy and set a new price target of $29.00

Wolfe Research upgraded Forward Air from Underperform to Peer Perform

Wolfe Research downgraded Forward Air from Peer Perform to Underperform

Jefferies upgraded Forward Air from Hold to Buy and set a new price target of $85.00 from $110.00 previously

Wolfe Research upgraded Forward Air from Underperform to Peer Perform

Robert W. Baird downgraded Forward Air from Outperform to Neutral and set a new price target of $80.00 from $130.00 previously

Stifel downgraded Forward Air from Buy to Hold and set a new price target of $103.00 from $127.00 previously

Wolfe Research downgraded Forward Air from Peer Perform to Underperform and set a new price target of $80.00

Raymond James downgraded Forward Air from Strong Buy to Mkt Perform

Robert W. Baird upgraded Forward Air from Neutral to Outperform and set a new price target of $130.00 from $106.00 previously

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Omni Logistics Named doTERRA's 2024 International and Domestic Forwarder of the Year Forward Air Selected as GLT Logistics' 2024 "Commitment to Excellence" Carrier of the Year AMD Honors Reflect Strong Collaboration and Dedication to Customer Success of Omni Logistics Expediter Services Presents Forward Air with the Empowerment Award in Recognition of Women-Owned Business Initiative Support Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company") today announced several awards highlighting the Company's exceptional customer service, operational excellence, and strong commitment to its partners. These honors emphasize the impact Forward Air has on the industry and the v

Highlights That a Majority of Unaffiliated Shareholders Voted Against the Reelection of Chairman George Mayes, Jr., Director Javier Polit and Director Laurie Tucker Believes Shareholders Have Sent a Loud and Clear Message About the Board's Track Record of Value Destruction Reiterates View That Shareholders Want a Value-Maximizing Sale Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or "we"), a significant shareholder of Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company"), today issued the following statement regarding the announced voting results of the Company's 2025 Annual Meeting of Shareholders. "This vote is a clear mandate that shareholder

Shareholders Approve Reincorporation to Delaware Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today announced changes to its Board of Directors following the Company's 2025 Annual Meeting of Shareholders. Under the Company's Corporate Governance Guidelines, the Forward Air Board of Directors has accepted the resignation of George Mayes, effective immediately. While Javier Polit and Laurie Tucker received the support of a majority of the votes cast by shareholders in their election, both have voluntarily resigned as members of the Board, effective immediately, in order to permit the Board and management to continue focusing on the Company's ope

Expanded integration on 7LFreight by WebCargo enables digital bookings for LTL and linehaul trucking across North America and Mexico GREENEVILLE, Tenn. and BARCELONA, Spain, June 9, 2025 /PRNewswire/ -- Freightos (NASDAQ:CRGO), the leading digital freight booking and payment platform, and Forward Air Corporation (NASDAQ:FWRD), known as Forward, a premier provider of ground transportation services across the United States, Canada and Mexico today announced an expanded collaboration that will enable freight forwarders to instantly book less-than-truckload (LTL) and linehaul trucking through the 7LFreight by WebCargo platform. "Freightos is building a one-stop digital infrastructure for global

Calls for Acceleration of Strategic Review to Capitalize on Interest Among Private Equity Suitors Views Value-Maximizing Sale as Best Outcome for Shareholders Lakeview Investment Group & Trading Company, LLC (together with its affiliates, "Lakeview"), a meaningful shareholder of Forward Air Corp. (NASDAQ:FWRD) ("Forward Air" or the "Company"), is announcing its plans to withhold support for three incumbents at the Company's 2025 annual meeting of shareholders: George Mayes, Jr. (chairman), Javier Polit (director) and Laurie Tucker (director). Lakeview agrees with the conclusions reached by other investors and the two leading proxy advisory firms, which affirmed there is a need to remove

Both Leading Proxy Advisory Firms Recommend Shareholders Vote AGAINST Chairman George Mayes, Jr., Director Javier Polit and Director Laurie Tucker Glass Lewis Confirms That These Three Directors Are Unlikely to be "Procedurally Accretive" to the Ongoing Strategic Review Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or "we"), a significant shareholder of Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company"), today announced that a second independent proxy advisory firm, Glass, Lewis & Co. ("Glass Lewis"), has joined Institutional Shareholder Services Inc. ("ISS"), in recommending that Forward Air shareholders vote AGAINST the reelection of three memb

ISS Concludes Chairman George Mayes, Jr., Director Javier Polit and Director Laurie Tucker Presided Over Destructive Decision-Making That Contributed to an Enormous Decline in Value ISS Highlights the "Urgency for a Well-Run Strategic Review Process" Shareholders Cite Substantial Risk of Further Value Destruction as Rationale for Removal of the Three Legacy Directors, Each of Whom Approved and Oversaw the Disastrous Omni Acquisition Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or "we"), a significant shareholder of Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS"), a leadin

Urges Shareholders to Vote AGAINST Chairman George S. Mayes, Jr., Director Javier Polit and Director Laurie A. Tucker Highlights These Directors' Dismal Judgment in Approving the Disastrous Omni Acquisition, Value-Destructive Tenures and Efforts to Stall the Company's Current Sale Process Explains Why Ancora Believes a Sale Is the Best Risk-Adjusted Outcome for Forward Air Shareholders – and Why Removing the Targeted Directors Can Lead to a More Objective Strategic Review Ancora Holdings Group, LLC (together with its affiliates, "Ancora" or "we"), a significant shareholder of Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company"), today issued a presentation that details

Irenic Capital Management, LP (collectively with its affiliates, "Irenic" or "we") today issued the below statement regarding Forward Air Corporation (NASDAQ:FWRD) ("Forward Air" or the "Company"). Irenic intends to vote against certain legacy members of Forward Air's Board of Directors (the "Board") at the 2025 Annual Meeting of Shareholders ("Annual Meeting"). "Based on Irenic's independent analysis, we agree with Ancora Holdings Group's decision to withhold support for certain legacy directors at Forward Air's Annual Meeting. Forward Air's legacy directors circumvented the requirement to give shareholders a vote on the acquisition of Omni Logistics LLC in 2023. The Legacy Forward Air Bo

Consolidated Financial Results Improved Year-Over-Year Operational Execution Leads to Sequential Pricing and Margin Improvement at the Expedited Freight Segment Strong Liquidity Position Increased to $393 Million Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us") today reported financial results for the three months ended March 31, 2025 as presented in the tables below. "Our team made progress in the first quarter by focusing our efforts on meeting customers' needs with award-winning service and solid operational execution," said Shawn Stewart, Chief Executive Officer. "I am proud of our team's ability to manage through a backdrop of economic and tari

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Consolidated Financial Results Improved Year-Over-Year Operational Execution Leads to Sequential Pricing and Margin Improvement at the Expedited Freight Segment Strong Liquidity Position Increased to $393 Million Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us") today reported financial results for the three months ended March 31, 2025 as presented in the tables below. "Our team made progress in the first quarter by focusing our efforts on meeting customers' needs with award-winning service and solid operational execution," said Shawn Stewart, Chief Executive Officer. "I am proud of our team's ability to manage through a backdrop of economic and tari

Expects Stronger Liquidity on Sequential Basis Estimates 1Q25 Consolidated EBITDA to Be Between $54 Million to $59 Million Estimates That Between 10% to 15% of 2024 Revenues Would Have Been Impacted by Recently Announced Tariffs Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today reported preliminary financial results for the three months ended March 31, 2025 and an estimate of revenue from shipments that may be impacted by the tariffs under the International Emergency Economic Powers Act ("IEEPA") order announced on April 2, 2025. For the three months ended March 31, 2025, preliminary Consolidated EBITDA, a non-GAAP measure calculated pursua

Full year results near the top end of guidance range Executed more than $100 million in annualized cost synergies in first year following Omni transaction Transitioning from Integration to Transformation Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today reported financial results for the three and twelve months ended December 31, 2024 as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. "As we turn the page on the first year operating as a combined company following the acquisition of Omni, I want to express my gratitude to our associa

Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its fourth quarter and full year 2024 earnings after the market closes on Wednesday, February 26, 2025, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 445-7795, Access Code: FWRDQ424. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transpo

Focus pivoting from completing Omni integration and capturing cost synergies to global transformation Stronger cash flow from operations led to increase in liquidity Announces addition of new Chief Commercial Officer Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended September 30, 2024, as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. "Our team continues to focus on harnessing the power of the combined legacy Forward and Omni companies as we begin the transition from integration to transformation a

Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its third quarter 2024 earnings after the market closes on Monday, November 4, 2024, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 225-9448, Access Code: FWRDQ324. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward Air is a leading asset-light provider of transportation services acro

Believes the Board Must Engage with Prospective Buyers Following a "Lost Decade" Defined by Overwhelmingly Negative TSR and Significant Underperformance Across 1-, 3-, 5- and 10-Year Periods Contends the Private Market is the Best Place for Forward Air to Fix Balance Sheet Issues, Improve Operations, and Serve Customers and Other Stakeholders Expects a Sale to Deliver Meaningful Premiums Relative to the Company's Current and Unaffected Share Prices, While Eliminating Further Risk for Long-Suffering Shareholders Ancora Holdings Group, LLC (collectively with its affiliates, "Ancora" or "we") today issued the below open letter to the Board of Directors (the "Board") of Forward Air Corpor

Positive momentum despite softness in freight market Continues to accelerate integration, synergy capture and cost elimination Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months ended June 30, 2024, as presented in the tables below on a continuing operations basis, with the Company's former Final Mile business being reported as discontinued operations. Shawn Stewart, Forward's recently appointed Chief Executive Officer, said, "As a result of the Omni transaction, the combined company now has a unique platform to drive long-term growth through continued best in class domestic expedited and intermodal service

Forward Announces 2Q24 Earnings Call To Be Held August 7, 2024 Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") will release its second quarter 2024 earnings after the market closes on Wednesday, August 7, 2024, and hold a conference call to discuss those results at 4:30 p.m. ET. The Company's conference call will be available online on the Investor Relations portion of the Company's website at ir.forwardaircorp.com or by dialing (800) 343-4136, Access Code: FWRDQ224. A conference call replay will be available on the Investor Relations portion of the Company's website at ir.forwardaircorp.com shortly after the call is completed. About Forward Air Corporation Forward

Consolidated EBITDA Increases from $300 Million to $324 Million Following Addition of Allowable Addbacks Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us") today announced updates to certain previously released non-GAAP financial measures for the twelve months ended March 31, 2024, to include adjustments to the previously released non-GAAP financial measures. When Forward released first quarter 2024 earnings on May 8, 2024, the Company made available to investors a conference call presentation, page 19 of which set forth a calculation intended to provide visibility into the Company's calculation of "Consolidated EBITDA" under the Company's existing cr

Shareholders Approve Reincorporation to Delaware Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward Air", "we", "our", or "us") today announced changes to its Board of Directors following the Company's 2025 Annual Meeting of Shareholders. Under the Company's Corporate Governance Guidelines, the Forward Air Board of Directors has accepted the resignation of George Mayes, effective immediately. While Javier Polit and Laurie Tucker received the support of a majority of the votes cast by shareholders in their election, both have voluntarily resigned as members of the Board, effective immediately, in order to permit the Board and management to continue focusing on the Company's ope

Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") hosted the third annual Drive for Hope Golf Tournament November 11-12 at Chateau Elan Winery & Resort in Braselton, GA. Through its charitable platform, Operation Forward Freedom, the Company raised $350,000 to benefit Hope For The Warriors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241122287807/en/Forward Air Raised $350,000 for Hope For The Warriors at the Drive For Hope Golf Tournament (Photo: Business Wire) Founded in 2006, Hope For The Warriors is a national nonprofit dedicated to restoring a foundation of stability, strength and community for post-9/11

Forward Air Corporation (NASDAQ:FWRD) (the "Company" or "Forward") today announced that Eric Brandt has joined the Company as Chief Commercial Officer to lead its strategic growth plan and business development efforts. Mr. Brandt brings a strong track record of driving profitable growth in the logistics space, holding leadership roles at Agility, Panalpina, Kraft Foods and most recently, CEVA Logistics, where he served as Executive Vice President of Business Development. He will lead the combined company's commercial strategy and accelerate its ongoing mission of sustainable long-term growth. Shawn Stewart, Chief Executive Officer, said, "Eric will be a key player in launching the combine

Forward Air Corporation (NASDAQ:FWRD) (the "Company") today issued the following statement: The Forward Air Board of Directors and management acknowledge and value the perspectives of the Company's shareholders. The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense of continuous improvement, transparency and accountability. The refreshed Board and management team are actively analyzing the business and strategy to ensure the Company pursues the best path forward to enhance shareholder value. Forw

Forward Air Corporation (NASDAQ:FWRD) (the "Company", "Forward", "we", "our", or "us") today announced that Jerome Lorrain has been appointed to Forward's Board of Directors (the "Board") effective October 1, 2024. Mr. Lorrain has over 30 years of experience serving in a variety of roles in the logistics and transportation industry. He previously served as Chief Operating Officer of CEVA Logistics, a global end-to-end logistics company, and currently serves as director of Log-Hub, a supply chain solution and optimization company, and as the executive chairman of FluentCargo, a routing solutions provider. Additionally, Mr. Lorrain formerly served as a director of SeaFrigo and as the chairma

Forward Air Selected as an Inbound Logistics Top 100 Third-Party Logistics Provider for 2024 Omni Logistics – Asia Recognized by Cirrus Logic for Long-Standing Partnership Erika Tolar Named to Top Women Leaders of Texas List Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced a trifecta of achievements highlighting the company's leadership, operational expertise, and commitment to exceptional customer service. These accolades underscore Forward's position as an industry leader and its commitment to delivering premier service and exceptional value to its customers. For the fourth consecutive year, Forward Air has been recognized by Inbound Logistics magazine

Names Jamie Pierson as Permanent Chief Financial Officer and Welcomes New Chief Accounting Officer Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. Mr. Faught joins the Company from EVO Transportation where he served as CFO. Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Lo

Forward Air Corporation (NASDAQ:FWRD) ("Forward" or the "Company") today announced the appointment of Jamie G. Pierson as interim Chief Financial Officer effective May 20, 2024. Mr. Pierson succeeds Rebecca Garbrick, who is departing the Company. Ms. Garbrick will remain with the Company to assist with the transition. "On behalf of the Board of Directors, I want to thank Rebecca for her commitment and significant contributions over the last several years. Since taking the CFO role in 2020, Rebecca has been a valuable member of our management team, and we wish her much success in her future endeavors," stated Shawn Stewart, CEO. He continued, "We are excited to have Jamie step in to lead,

Names 18-Year Company Veteran Interim CEO Appoints New Independent Chairman with Extensive Leadership Track Record Forms Integration Committee Chaired by Transportation Industry Leader Forward Air Corporation (NASDAQ:FWRD) ("Forward" or "the Company") today announced several updates to its senior management team and Board of Directors ("the Board"). Management Changes Tom Schmitt, Chairman, Chief Executive Officer and President of Forward, has departed the Company. Effective immediately, Michael Hance has been appointed Interim Chief Executive Officer in addition to his current position as Chief Legal Officer and Secretary. Since joining Forward in 2006, Mr. Hance has served in

Acquisition of Forward Air Final Mile ("FAFM") enhances end-to-end solutions for Hub Group's customers and adds significant scale and service capability in appliance delivery and installation. Transaction Highlights Increases Hub Group's LTM Final Mile revenue from $192m to $481mDrives continued diversification into non-asset based logistics services; pro forma LTM Logistics revenue now represents 44% of total Hub revenueAdds new capabilities in appliance delivery and installation and increases company operated terminal footprintImmediately accretive to Hub Group's 2024 GAAP and cash EPS prior to expected cross-sell and operational synergiesMeaningful cross-sell and operational synergies f

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