Forward Air News Updates

“Market fundamentals are improving as capacity continues to tighten, driven by regulatory enforcement and carrier exits,” CEO Shawn Stewart said.

Forward Air will retain at least 50% of the business of a longtime customer that accounted for around 10% of the motor carrier and logistics business’ revenue.

Forward Air Corp. noted first-quarter headwinds, plus the loss of a major portion of business, while reporting financial results May 7.

Amazon's launch of a new supply chain service raised competition concerns for transportation providers, but experts caution the impact will be limited.

Forward Air posted a fourth-quarter loss of $36.4 million while focusing on its improvement initiatives, the company reported Feb. 23.

The Tennessee-based ground transportation and logistics services provider posted a net loss of $23.8 million, or negative 52 cents a diluted share, for the three months ending Sept. 30.

Forward Air grew earnings, despite a decrease in revenue, amid ongoing efforts to improve second-quarter operations and finances, the company reported Aug. 11.

Forward Air experienced a year-over-year increase in revenue and a smaller net loss amid efforts to improve operations during the first quarter of 2025, the company reported May 7.

Forward Air remained focused on stabilizing operations in the aftermath of a major acquisition and change in direction leading up to the fourth quarter of 2024, the company reported Feb. 26.

Forward Air’s board will undertake a review of the asset-light transportation and logistics services provider’s strategic alternatives, including a sale of the company and other options.