Forward Air Corporation (FWRD)

The company now

Forward Air said on 28 October 2026 that it signed a definitive agreement with one of its largest customers, which keeps using the company for a significant portion of its services for a two-year term 112. The agreement also provides for an orderly transition of other services between November 2026 and March 2027 1.

The company said the transition is not expected to materially impact its revenue in 2026 1. It expects annual revenue in each contract year of 2026, 2027 and 2028 to exceed the customer's total revenue contribution in 2025 1. TokenPost carried the news the same day 11.

This customer represented approximately $250 million of 2025 revenue, the company said in May 8. In July it signed a non-binding memorandum of understanding to keep at least half of that revenue, with the potential to keep about 25 percent more 2.

In the second quarter the company booked a non-cash goodwill impairment charge of $244 million on its Omni Logistics segment, which produced an operating loss of $201 million on revenue of $673 million 3. Goodwill is the amount paid for a business above the value of its assets, and the company wrote part of Omni's down once the customer talks advanced 4.

The newest quarterly report on file covers the quarter ended 30 June 2026 4. The board has also authorized exploring sales of non-core assets, including the Intermodal segment, and the outcome is still open 4.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.