Lawsuit says Forward Air violated California law by only paying truck drivers for miles driven
A class-action lawsuit has been filed against Forward Air in Los Angeles, alleging that the company violated California labor laws by inadequately compensating its truck drivers. The suit claims Forward Air paid drivers only for miles driven, failing to cover non-driving duties and business expenses. The plaintiff seeks unpaid wages, damages, and compliance with California Labor Code for current and former drivers.
Cetus Capital VI, L.P. sells Forward Air (FWRD) shares worth $642,600
Cetus Capital VI, L.P., a major owner of Forward Air Corp (NASDAQ:FWRD), sold 30,000 shares of common stock for $642,600 on October 14, 2025. Following this transaction, Cetus Capital VI, L.P. directly holds 3,063,709 shares. The report also highlights that Stifel has raised its price target for Forward Air to $32, maintaining a Buy rating, citing confidence in the company's asset-light less-than-truckload (LTL) model and strategic technology use.
Cetus Capital sells Forward Air (FWRD) shares worth $5.94 million
Cetus Capital VI, L.P., a significant owner of Forward Air (NASDAQ:FWRD), sold 262,163 shares of the company's common stock between November 6 and November 12, 2025, for a total of approximately $5.94 million. These sales occurred at prices ranging from $21.55 to $22.66, which is below the current trading price of $27.24. Despite these sales, Cetus Capital had previously acquired 225,000 shares in October 2025 and still directly owns over 3.1 million shares.
Rothschild Investment LLC Buys 269,985 Shares of Forward Air Corporation $FWRD
Rothschild Investment LLC significantly increased its holdings in Forward Air Corporation (NASDAQ:FWRD) by 337,481.3% during the third quarter, acquiring an additional 269,985 shares. The fund now owns 270,065 shares of the transportation company, valued at approximately $6.92 million. Other institutional investors also adjusted their positions in FWRD, and analysts have issued mixed ratings for the stock, with a consensus "Hold" rating and an average price target of $35.00.
Forward Air Purchases Central States Trucking
Forward Air Corporation has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics for $95.6 million. CST specializes in container and intermodal drayage services, primarily in the Midwest, and generated approximately $66 million in revenue in 2013. This acquisition aims to expand Forward Air's service offerings into the drayage space and enhance its international supply-chain trucking and warehousing capabilities.
Forward Air Completes Purchase of Central States
Forward Air announced the completion of its $95.6 million acquisition of Central States Trucking and Central States Logistics from Central States Inc. Central States Trucking, headquartered in Bensenville, Ill., operates a seven-terminal network with approximately 500 employees, providing intermodal drayage services, linehaul service, and warehouse services, and reported $66 million in unaudited revenues in 2013. Forward Air Corporation, based in Tennessee, consists of three business segments: Forward Air, Forward Air Solutions, and Total Quality.
Cibc World Market Inc. Sells 85,840 Shares of Forward Air Corporation $FWRD
Cibc World Market Inc. has reduced its stake in Forward Air Corporation (NASDAQ:FWRD) by selling 85,840 shares, now holding 756,038 shares valued at approximately $19.39 million. The company's shares opened at $27.12 after an 8.7% fall, and its financial metrics show a negative P/E of -7.04 and a high debt-to-equity ratio of 8.73. Despite mixed analyst ratings (three Buy, one Hold, two Sell), the average price target for FWRD is $35.00.
Forward Air Corporation (NASDAQ:FWRD) Receives Average Recommendation of "Hold" from Brokerages
MarketBeat reports that Forward Air Corporation (NASDAQ:FWRD) has received an average "Hold" recommendation from six brokerages regarding its stock, with an average 12-month price target of $35.00. The stock recently opened at $27.12 and was trading down 8.7%, with a market cap of $847.5 million and significant institutional ownership. Analysts have issued varied ratings, including "sell," "hold," and "buy," with several research reports updating price objectives.
Forward Air (NASDAQ:FWRD) Shares Down 10.8% - Here's What Happened
Forward Air (NASDAQ:FWRD) shares experienced a 10.8% intraday drop, trading as low as $26.97 and closing at $26.51 on trading volume 34% below average. The company has a market capitalization of approximately $847.45 million, a negative P/E of -7.04, and a high debt-to-equity ratio of 8.73, with institutional investors holding around 97% of shares. Analyst ratings for FWRD are mixed, with an average "Hold" rating and a price target of $35.00.
Forward Air (NASDAQ:FWRD) Will Want To Turn Around Its Return Trends
Forward Air (NASDAQ:FWRD) is showing concerning trends in its Return on Capital Employed (ROCE), which has declined from 9.0% five years ago to 3.1%. While the company has increased both revenue and assets, suggesting investment in growth, these investments have not yet translated into improved returns. The stock has also seen a 65% decline in the last five years, indicating a need for further research into its fundamentals.
Understanding Momentum Shifts in (FWRD)
This article analyzes Forward Air Corporation (FWRD), highlighting a strong bullish sentiment across all time horizons. AI models suggest an overweight bias for FWRD, presenting strategic trading options including long entry zones, momentum breakout triggers, and risk hedging strategies, with detailed support and resistance levels for various timeframes. The analysis also points out an exceptional risk-reward short setup despite the overall strong sentiment.
Integrity Financial Corp WA Takes Position in Forward Air Corporation $FWRD
Integrity Financial Corp WA has taken a new position in Forward Air Corporation (NASDAQ:FWRD), purchasing 33,267 shares valued at $853,000. Institutional investors and hedge funds own a significant portion of the company's stock, with several firms increasing their holdings in recent quarters. Despite a consensus "Hold" rating from analysts and an average price target of $35.00, Forward Air currently trades below this target with a negative P/E ratio, indicating ongoing unprofitability even as its stock price shows signs of recovery.
Allianz Asset Management GmbH Acquires New Position in Forward Air Corporation $FWRD
Allianz Asset Management GmbH has acquired a new stake of 323,505 shares, valued at approximately $8.295 million, in Forward Air Corporation (NASDAQ:FWRD), representing about 1.05% of the company. Institutional ownership of Forward Air is high at 97.03%, with other major investors like Royal Bank of Canada significantly increasing their positions. Analyst consensus on the stock is a "Hold" with a target price of $35.00, while the company trades near $30.20 per share.
Y Intercept Hong Kong Ltd Decreases Position in Forward Air Corporation $FWRD
Y Intercept Hong Kong Ltd significantly reduced its stake in Forward Air Corporation (NASDAQ:FWRD) by 77.5% during Q3, selling 57,656 shares and retaining 16,762 shares valued at $430,000. Despite this sell-off, institutional investors collectively own about 97.03% of Forward Air, with several institutions like Ridgemont Partners, JPMorgan Chase, Bank of America, and Jefferies increasing their holdings. Analyst sentiment remains mixed, with a consensus "Hold" rating and a $35 price target, following the company's Q3 earnings miss and revenue below expectations.
Forward Air's (NASDAQ:FWRD) Returns On Capital Not Reflecting Well On The Business
Forward Air (NASDAQ:FWRD) currently has a low return on capital employed (ROCE) of 3.1%, underperforming the Logistics industry average. While the company's ROCE has declined from 9.0% over the last five years, revenue and assets have increased, suggesting investments in growth. However, despite growth efforts, the stock has fallen 64% over the same period, indicating that these investments have not yet translated into improved returns for shareholders.
Forward Air's FAF Raising Owner-Operator Compensation
Forward Air Corp.'s motor carrier subsidiary, FAF Inc., is increasing owner-operator compensation effective January 4th, raising base rates for team less-than-truckload and truckload express service by 10 cents per mile, and for solo truckload express drivers by 6 cents per mile. Additionally, owner-operators can receive a 2-cent-per-mile increase for hazmat endorsements and another 2-cents-per-mile for trucks no older than five years.
Forward Air Purchases Fellow Ground Expedite Provider CLP Towne
Forward Air Corp. announced its intention to acquire trucking services provider CLP Towne Inc. for approximately $125 million. CLP Towne, which offers time-sensitive less-than-truckload shipping and full truckload services, had unaudited revenue of about $230 million in 2014. The acquisition aims to leverage Forward Air's network and enhance profitability through the substantial synergies between the two companies.
Forward Air to Acquire Land Air Express
Forward Air Corp. announced its plan to acquire Land Air Express for $56.5 million, aiming to expand its less-than-truckload (LTL) network. This acquisition is expected to significantly boost Forward Air's national terminal footprint, especially in the central United States. Land Air Express, with its 270 employees and over 200 drivers operating across 25 terminals, provides a range of expedited LTL services.
Forward Air Begins Autonomous Trucking Service Between Dallas and Atlanta
Forward Air and Kodiak Robotics have launched an autonomous freight service operating 24 hours a day, six days a week, between Dallas and Atlanta. This new service covers a nearly 800-mile lane with three round trips weekly, aiming to enhance supply chain efficiency and resilience where staffing can be challenging. Kodiak's self-driving trucks utilize a safety driver team and have already completed over 100 loads and 100,000 miles in collaboration with Forward since August 2022.
Forward Air Corporation Announces Timing of Fourth Quarter 2025 and Full Year 2025 Earnings Release and Conference Call
Forward Air Corporation (NASDAQ: FWRD) will release its fourth quarter and full year 2025 earnings after market close on Monday, February 23, 2026. The company will host a conference call to discuss these results at 4:30 p.m. ET, which will be accessible online via their Investor Relations website or by phone. A replay of the call will also be available on the website.
Scoop: Ancora sold Forward Air stake after company sale stalled
Ancora Holdings Group sold its stake in Forward Air late last year. This divestiture occurred after a private-equity auction for the expedited less-than-truckload carrier stalled. Ancora, an activist investor, had previously pushed for a sale following Forward Air's acquisition of Omni Logistics.
Stifel raises Forward Air stock price target to $32 on asset-light LTL model
Stifel has increased its price target for Forward Air (NASDAQ:FWRD) to $32.00 from $30.00, reiterating a Buy rating, citing the company's asset-light less-than-truckload (LTL) model. Despite a yearly decline, FWRD has gained 8.24% year-to-date and is expanding into the expedited third-party logistics market. The raise comes amidst the company's efforts to navigate a challenging freight environment and strategic initiatives following its acquisition of Omni Logistics.
Forward Air (NASDAQ:FWRD) Cut to Strong Sell at Zacks Research
Zacks Research has downgraded Forward Air (NASDAQ:FWRD) to a "strong sell" from a "hold" rating after the company missed its recent quarterly earnings and revenue estimates. The transportation company reported a loss of ($0.52) per share against an estimated ($0.13), alongside negative profitability metrics. While analysts' views are mixed, the consensus rating is a "Hold" with an average price target of $34.33, compared to the stock's recent open around $28.23.
Investors in Forward Air (NASDAQ:FWRD) from three years ago are still down 73%, even after 7.7% gain this past week
Despite a recent 7.7% gain and a 20% increase in the last quarter, investors who bought Forward Air (NASDAQ:FWRD) three years ago are still down 73%. While the company achieved a 20% annual revenue growth over the past three years, it has not been profitable, suggesting that significant losses may have overshadowed revenue performance. This indicates a need for sustained improvements in key financial metrics before the stock becomes more attractive to investors.
Clear Harbor Asset Management LLC Acquires New Stake in Forward Air Corporation $FWRD
Clear Harbor Asset Management LLC has acquired a new stake of 42,560 shares in Forward Air Corporation ($FWRD), valued at approximately $1.09 million during the third quarter. The transportation company's stock is largely owned by institutional investors, with hedge funds and other institutional investors holding 97.03% of shares. Analyst ratings for Forward Air are mixed, with a consensus "Hold" rating and a target price of $34.33, after the company missed its Q3 earnings and revenue estimates.
Investors in Forward Air (NASDAQ:FWRD) from three years ago are still down 73%, even after 7.7% gain this past week
Forward Air (NASDAQ:FWRD) shareholders have seen a 73% decline over the past three years, despite a recent 20% increase in the last quarter and a 7.7% gain this past week. The company's revenue has grown by 20% annually over these three years, but it has not been profitable in the last twelve months, suggesting that larger-than-expected losses may be responsible for the significant stock price drop. The article suggests investors should look for sustained improvements in fundamental metrics before considering the stock.
Forward Air Corporation Highlights Comprehensive Stakeholder Initiatives in 2025 Sustainability Report
Forward Air Corporation has released its 2025 Sustainability Report, outlining progress in supporting employees, customers, and communities, while also monitoring and reducing its environmental impact. Key highlights include a 12% decrease in roadway incidents, a goal to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030, and significant customer service awards. The company also supports various community initiatives, such as raising over $1.75 million for Hope For The Warriors.
Forward Air’s Stock Under Pressure: Is the Worst Already Priced In?
Forward Air's stock has plunged, trading at near 52-week lows due to issues surrounding its acquisition of Omni Logistics, legal disputes, and a challenging freight market. Investors are questioning if the company is a value trap or a deeply discounted recovery story. Wall Street analysts are largely cautious, with price targets suggesting limited upside, making it critical for Forward Air to demonstrate successful integration and improved financials.
Revenues Tell The Story For Forward Air Corporation (NASDAQ:FWRD) As Its Stock Soars 29%
Forward Air Corporation's stock has recently surged 29% over the last month, though it remains down 30% over the past year. The company's P/S ratio of 0.3x is comparable to the Logistics industry median of 0.6x, supported by decent revenue growth of 15% in the last year and 28% over three years. Analysts project a 3.5% revenue growth for Forward Air in the coming year, aligning with the industry's predicted 2.1% growth, suggesting a stable outlook for its stock.
Earnings call transcript: Forward Air Q3 2025 sees strategic shifts amid market challenges
Forward Air Corporation (NASDAQ:FWRD) reported Q3 2025 earnings, maintaining stable EBITDA at $78 million despite a challenging freight market. The company is implementing strategic initiatives like the OneGround network and a unified ERP system to enhance efficiency and manage costs. Despite these efforts, the stock saw a slight decline, reflecting investor caution, though InvestingPro analysis suggests undervaluation.
Forward Air Corporation Reports Third Quarter 2025 Results
Forward Air Corporation reported solid third-quarter 2025 financial results, with operating income of $15 million and Consolidated EBITDA of $78 million, despite an extended freight recession. The Omni segment led the performance with increased revenue and EBITDA, while the Expedited Freight segment maintained stable margins. The company also highlighted its ongoing transformation strategy, including integrating its U.S. and Canadian operations to form a "One Ground Network."
Forward Air Q3 Revenue Slips as Overhaul Continues
Forward Air Corp. reported a Q3 2025 net loss of $23.8 million, with revenue falling 3.7% to $631.8 million, as it undergoes business transformation, including discontinuing final-mile operations. The company's board is continuing a strategic review initiated in January to explore options such as a sale or merger to maximize shareholder value. Despite the revenue decline, some segments like Omni Logistics and intermodal showed modest gains, and the company is progressing with its "One Ground Network" initiative.
Forward Air operating income drops nearly 34% in Q3
Forward Air’s operating income decreased by nearly 34% to $15 million in Q3, attributed in part to an $18.3 million loss in its "Other Operations" segment. The company is implementing cost reduction initiatives and unifying operations following its 2024 acquisition of Omni Logistics, while also exploring strategic alternatives to enhance long-term value.
Forward Air Corporation Reports Third Quarter 2025 Results
Forward Air Corporation (FWRD) released its third-quarter 2025 financial results, showing resilience despite a challenging freight environment. The company reported stable to improving margins, strong cash flow, and significant growth in its Omni segment. Strategic initiatives include cost optimization and the integration of U.S. and Canadian operations to create a 'One Ground Network,' aiming to enhance customer experience and streamline services.
Forward Air Corporation Reports Third Quarter 2025 Results
Forward Air Corporation reported solid financial results for the third quarter of 2025, with an operating income of $15 million and Consolidated EBITDA of $78 million, despite an extended freight recession. The Omni segment led the performance with its highest revenue and reported EBITDA since its acquisition, while the Expedited Freight segment also showed stable to improving margins. The company continues to focus on cost reduction, operational efficiency, and integration of its U.S. and Canadian businesses, contributing to an increased liquidity of $413 million.
Forward Air Delivers Gains But Faces Some Heavy Lifting
Forward Air (NASDAQ: FWRD) has seen its stock outperform the S&P 500, driven by savvy pricing and stabilizing freight volumes, despite mixed organic revenue growth. The company aims for significant revenue growth by 2030 through Omni Logistics integration and technological adoption, but faces challenges from high debt, competitive margins, and integration risks. While current valuation metrics suggest potential upside for opportunistic investors, conservative investors may prefer to wait for clearer progress on debt reduction and sustained profitability.
Forward Air CIO resigns
Forward Air's Chief Information Officer, Joseph Tomasello, resigned from his position effective October 13, 2025. Jason Ringgenberg, former CIO for Yellow Corp., has been appointed as interim CIO. These executive changes occur as Forward Air continues to restructure operations following challenges from its 2024 acquisition of Omni Logistics and explores potential future strategic options.
Forward Air stock price target raised to $32 from $30 at Stifel - Investing.com
Stifel has increased its stock price target for Forward Air from $30 to $32. This update indicates a moderately positive outlook from the analyst firm on the company's future performance.
Nov. 5 Q3 2025 Results — Forward Air Schedules Conf. Call 4:30 p.m. ET; Replay details available - Stock Titan
Forward Air Corporation announced that it will release its third-quarter 2025 earnings after market close on Wednesday, November 5, 2025. The company will host a conference call to discuss these results at 4:30 p.m. ET, available online via its Investor Relations website. Forward Air is a leading asset-light transportation services provider across North America.
Forward Air names Jason Ringgenberg interim CIO after executive resignation - Investing.com
This article reports on an application error encountered when trying to load content from Investing.com, specifically concerning a news piece about Forward Air naming Jason Ringgenberg as interim CIO. Due to the error, the actual content of the news article is unavailable.
Forward Air names Jason Ringgenberg interim CIO after executive resignation By Investing.com - Investing.com South Africa
This article from Investing.com South Africa reports that Forward Air has appointed Jason Ringgenberg as its interim CIO following an executive resignation. However, the article content is currently displaying an application error and provides no further details on the appointment or the executive resignation.
Another Forward Air board member resigns as sale looms
Forward Air (NASDAQ: FWRD) is experiencing another board resignation as the company proceeds with its auction process. Mike Hodge, a partner at Eve Partners which played a role in the controversial Omni Logistics merger, is the fourth board member to resign. This follows concerns over the criticized acquisition.
Forward Air: A Special Situation To Consider
Forward Air's stock has surged over threefold since April due to a potential sale to a private equity firm. Despite the recent run-up, there could be further upside, with potential bids ranging from $35 to $41.50 per share. Additional favorable risk/reward factors suggest that FWRD may be an attractive consideration at its current low-$30s price level.
Omni Logistics Delivers Speed, Accuracy, and Cost Control for High-Volume Auto Replenishment
Omni Logistics, a Forward Air company, has successfully provided an end-to-end logistics solution for a global automaker's nationwide auto replenishment needs. The solution involved picking up parts, warehousing them, and delivering to dealerships across the U.S. and Canada, offering dedicated service oversight and a complete cost-per-unit model. This initiative highlights Omni Logistics' ability to deliver speed, accuracy, and cost control for high-volume operations, managing the entire process seamlessly.
Scoop: Forward Air to collect second-round bids after Labor Day
Forward Air, a less-than-truckload carrier, is set to collect second-round bids in early September, according to sources. The company has been under investor pressure to sell following its acquisition of Omni Logistics in early 2024.
Forward Air makes progress on review of company’s future
Forward Air is continuing its strategic review, including potential M&A, aiming to maximize the value of the company as a whole rather than through piecemeal sales. Despite a significant net loss in Q2 2024 related to the Omni Logistics acquisition, the company reported a smaller net loss in Q2 2025, with executives optimistic about future earnings once market conditions normalize. The integration of Omni Logistics is reportedly improving synergy, particularly within the ground transportation segment which generates 70% of the company’s revenue.
Forward Air reports ‘another solid quarter’
Forward Air Corporation announced "another solid quarter" despite a challenging freight environment, with CEO Shawn Stewart highlighting operational focus, cost management, and improved operating KPIs in the Expedited Freight segment. CFO Jamie Pierson reported consolidated revenue of $619 million for Q2 2025 and an income from operations of $20 million, significantly better than the previous year's loss. The company also improved its Consolidated EBITDA and liquidity, demonstrating resilience through expense management and operational enhancements.
Forward Air Earnings Improve Despite Revenue Decline in Q2
Forward Air Corp. reported improved earnings in Q2 2025 despite a revenue decline, driven by operational improvements and strategic pricing adjustments. The company posted a net loss of $20.4 million, significantly better than the $971.3 million net loss a year prior, which was heavily impacted by a goodwill impairment charge related to the Omni Logistics acquisition. CEO Shawn Stewart expressed confidence in continued EBITDA and cash flow improvement as the freight market normalizes.
Forward Air misses Q2 mark; investors waiting to see if company will be sold
Forward Air (NASDAQ: FWRD) missed second-quarter earnings expectations, reporting a net loss of $20.4 million, worse than analyst estimates. The transportation and logistics provider did not provide an update on its strategic review, which could include the sale of the company following its contentious merger with Omni Logistics. Despite the financial miss and ongoing strategic uncertainty, management highlighted "across-the-board" business wins in various segments.
Massive LTL Shake-Up 2025: Yellow Terminal Sell-Off Escalates Amid Forward Air Takeover Drama
The Less-Than-Truckload (LTL) sector is experiencing significant turmoil in 2025, driven by the ongoing sell-off of Yellow Corp.'s terminal network following its 2023 bankruptcy and a potential private equity takeover of Forward Air. The liquidation of Yellow's assets has reshaped regional LTL capacity, with major carriers like Saia, XPO, and Estes acquiring properties. Concurrently, Forward Air faces bids from private equity firms after shareholder backlash over its controversial merger with Omni Logistics.
