Key Performance
More- Earnings Score: 57
- Momentum Score: 16
- True Yield: N/A
- Financial Health Score: 27
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Latest Research & News
Pomerantz LLP is investigating Forward Air Corporation for potential securities fraud following the company's disclosure of a significant customer loss representing $250 million in annual revenue. Forward Air reported Q1 2026 revenues of $582.0 million (down 5.1% YoY), a net loss of $40.2 million, and disclosed active discussions with a major customer regarding transition of business to competitors. The stock fell 43.05% to $9.87 per share on May 8, 2026, after the company also revealed that its strategic alternatives review yielded no actionable acquisition proposals.
05/19/2026, 8:05 PM • GlobeNewswire
Law firm Bragar Eagel & Squire is investigating Forward Air Corporation for potential federal securities law violations following the company's May 7, 2026 announcement of Q1 2026 results showing a 5.1% revenue decline to $582 million, a $34.3 million net loss, and disclosure that a major customer accounting for $250 million in annual revenue is transitioning business to competitors. The stock price fell 43% from $17.33 to $9.87 per share following the announcement.
05/19/2026, 6:36 PM • GlobeNewswire
Bragar Eagel & Squire, P.C. is investigating Forward Air Corporation for potential federal securities law violations following the company's announcement of a significant customer loss. Forward Air reported Q1 2026 revenues of $582.0 million (down 5.1% YoY), a net loss of $40.2 million, and disclosed that a major customer accounting for ~$250 million in annual revenue is transitioning business to competitors. The stock price declined 43% from $17.33 to $9.87 per share following the announcement.
05/12/2026, 6:27 PM • GlobeNewswire
What's Going On With Forward Air Shares On Monday?
Forward Air (FWRD) shares rose 1.42% to $10.01 on Monday, supported by broader market gains. The company reported Q1 2026 revenue of $582 million (down from $613 million YoY) and narrowed net losses to $40.2 million from $61.2 million. Liquidity improved to over $400 million through cost control and operational efficiencies. However, a major customer accounting for $250 million in annual revenue is transitioning business to other providers, with the transition expected to begin in early 2027. The stock trades 49.8% below its 20-day moving average with an RSI of 23.34 (oversold), while analysts maintain a Buy rating with a $24.00 price target.
05/11/2026, 1:45 PM • Benzinga
Forward Air Stock Sinks 45% After Hours: What's Going On?
Forward Air (NASDAQ: FWRD) stock plummeted 45% in after-hours trading following Q1 2026 earnings. While the company showed operational improvements with operating income rising to $20.4 million and liquidity exceeding $400 million, revenue declined to $582 million. The sharp decline was triggered by disclosure that one of its largest customers (representing $250 million in annual revenue) is transitioning significant business to competitors, with the transition expected to begin in early 2027. Additionally, the company's strategic alternatives review yielded no actionable acquisition proposals.
05/08/2026, 1:29 AM • Benzinga
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MoreInformation as of 06/22/2026
Company Profile
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas.