Forward Air/$FWRD

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1D1W1MYTD1Y5YMAX

About Forward Air

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.

Ticker

$FWRD

Sector

Mobility
Primary listing

Employees

6,453

Forward Air Metrics

BasicAdvanced
$936M
-
-$6.78
1.43
-

Bulls say / Bears say

Private equity interest: Private equity firms, including Blackstone and Apollo, have signed confidentiality agreements ahead of potential offers. This suggests strong investor confidence and could result in a takeover premium for shareholders (Reuters).
Undervaluation: With shares down from $121 in late 2021 to around $20 and an enterprise value near $2.5 billion, Forward Air shares appear significantly undervalued compared to its leading position in LTL logistics (Reuters).
Governance improvement: After Ancora’s activism led to the removal of three board members in May, corporate governance should improve, supporting a more effective strategic review (Reuters).
Acquisition disruption: The 2024 Omni Logistics acquisition increased debt burdens and caused operational disruptions, weakening service reliability and hurting financial performance (Reuters).
Share price erosion: Shares have dropped more than 80% from their 2021 highs, reflecting significant investor concerns about Forward Air’s strategic path and growth prospects (Reuters).
Deal uncertainty: Although buyout firms are performing due diligence, there is no certainty a takeover offer will emerge, leaving the company at risk of further share price losses if strategic alternatives fall through (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 29 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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