• Forward Air posted Q1 net loss of USD 40.2 million, narrowing 34.3%, as revenue fell 5.1% to USD 582 million.
• Operating income climbed to USD 20.4 million from USD 4.8 million, lifting operating margin 2.7 percentage points to 3.5%.
• Consolidated EBITDA slipped 4% to USD 70.4 million, while liquidity rose to USD 402 million, including USD 141 million in cash.
• Management said it is in active talks with one of its largest customers over a planned transition of a significant portion of business starting in early 2027; the customer represented about USD 250 million of 2025 revenue.
• Board review of strategic alternatives yielded no actionable sale proposals; directors now plan to pursue sales of non-core assets including Intermodal and two smaller legacy Omni businesses to delever balance sheet.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Air Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-032056), on May 07, 2026, and is solely responsible for the information contained therein.