FWRD outlines noncore asset divestitures and a major customer transition starting Q1 2027, pending final agreements.
Forward Air Corporation expects to sell noncore assets within 60-90 days, with additional sales targeted by year-end. The company is negotiating a transition of a significant portion of business from one of its largest customers to other providers, slated to begin in early 2027.
Management indicated discussions on timing are ongoing but did not disclose financial details or specific customer names. The move follows strategic reviews aimed at streamlining operations and reallocating resources.
No immediate market reaction was reported following the earnings call disclosure.