Forward Air Stock Price, News & Analysis

Forward Air (NASDAQ: FWRD) hosted its Fourth Annual Drive for Hope Golf Tournament on September 29-30, 2025 at Chateau Elan Winery & Resort in Braselton, GA through its Operation Forward Freedom platform.

The company raised $526,000 for Hope For The Warriors, the largest amount in the tournament's history, bringing Forward Air's total donations to the charity since 2020 to more than $1.75 million. The event included a dinner, silent auction, record sponsors and attendees, and a beneficiary speaker who described support received after an Iraq injury.

Forward Air Corporation (NASDAQ: FWRD) announced the successful execution of a nationwide automotive parts replenishment project through its subsidiary Omni Logistics. The project involves managing the complete logistics chain for a global automaker, including parts pickup from manufacturing facilities, warehousing, and delivery to dealerships across the United States and Canada.

The solution features real-time tracking, dedicated service oversight, and a transparent cost-per-unit pricing model. Omni Logistics handled all aspects of the operation including transportation, warehousing, order fulfillment, and reporting, delivering the project efficiently without requiring additional resources from the customer.

Forward Air Corporation (NASDAQ:FWRD) reported its Q2 2025 financial results, showing sequential improvement despite challenging market conditions. The company achieved consolidated revenue of $619 million, down 3.9% year-over-year but up $6 million sequentially from Q1 2025.

Key highlights include income from operations of $20 million, a significant improvement from a loss in Q2 2024, and Consolidated EBITDA of $74 million. The Expedited Freight segment reported its highest EBITDA margin in six quarters, benefiting from rigorous cost controls and strategic pricing actions. The company's liquidity stood at $368 million, with cash from operations showing a $111 million year-over-year improvement in the first half of 2025.

Forward Air (NASDAQ: FWRD) has secured a significant service agreement with a global athletics leader, demonstrating the successful integration of Forward Air and Omni Logistics' combined capabilities. Under the agreement, Omni Logistics will manage distribution services across 18 retail locations in 4 states, providing daily white-glove store replenishment.

Additionally, Forward Air has been selected as the primary full truckload carrier for multiple US lanes, showcasing the synergies between the two companies. The partnership highlights Forward Air's expanded service offerings and enhanced logistics capabilities following the Omni Logistics integration.

Forward Air (NASDAQ: FWRD) has announced a significant expansion of its partnership with a major package delivery services company. The expanded agreement will involve transporting over 15,000 expedited full truckload shipments annually across the customer's national network.

The partnership is expected to substantially increase year-over-year revenue from this customer, highlighting Forward Air's strong service capabilities and solutions in the logistics sector. The company's Chief Commercial Officer, Eric Brandt, emphasized their commitment to customer service and expressed enthusiasm about growing the partnership beyond 2025.

Forward Air Corporation (NASDAQ:FWRD) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results after market close on Monday, August 11, 2025, followed by a conference call at 4:30 p.m. ET to discuss the results.

Investors can access the conference call online through the company's Investor Relations website at ir.forwardaircorp.com or by phone at (800) 267-6316 using access code FWRDQ225. A replay of the conference call will be available on the company's IR website shortly after the call concludes.

Forward Air Corporation and its subsidiary Omni Logistics have received multiple industry awards highlighting their operational excellence and customer service. Omni Logistics was named doTERRA's 2024 International and Domestic Forwarder of the Year, becoming the first logistics partner to receive both distinctions. Forward Air was selected as GLT Logistics' 2024 Commitment to Excellence Carrier of the Year. Additionally, Omni's Hong Kong team was recognized by AMD for managing a significant volume surge in Q4 2024, handling over 600 pallets. Forward Air also received the Empowerment Award from Expediter Services for supporting the Women-Owned Business Initiative since 2017.

Ancora Holdings Group, a significant shareholder of Forward Air Corporation (NASDAQ: FWRD), has announced that a majority of unaffiliated shareholders voted against the reelection of three board members: Chairman George Mayes Jr., Director Javier Polit, and Director Laurie Tucker. The voting results from Forward Air's 2025 Annual Meeting demonstrate shareholders' dissatisfaction with the board's performance and value destruction. Ancora interprets this as a clear mandate for Forward Air to conduct a credible strategic review leading to a potential sale at a premium. The investment firm noted that without the 30% of shares legally committed to vote for the incumbent Board, these directors would have lost by a significant margin, indicating substantial concerns about the Board's strategic review process.

Forward Air Corporation (NASDAQ:FWRD) announced significant Board changes following its 2025 Annual Meeting. Three directors - George Mayes, Javier Polit, and Laurie Tucker - have resigned from the Board. While Polit and Tucker received majority shareholder support, they stepped down to allow focus on operations and strategic review. The Board has been reduced to eight directors, with six being independent, all appointed since January 2024. Jerome Lorrain has been appointed Executive Chairman and Paul Svindland as Lead Independent Director. Shareholders approved several key proposals including the 2025 compensation plans, executive compensation advisory resolution, KPMG's appointment as auditor, and the company's reincorporation from Tennessee to Delaware.