Why Forward Air Stock Was Grounded Today
FWRDForward Air(FWRD) The Motley Fool·2024-05-10 03:09

The embattled trucking company has a tough road ahead. Shipping company Forward Air (FWRD -22.25%) reported a disappointing quarter, weighed down by market conditions and a controversial acquisition. Investors are taking the exit ramp, sending Forward shares down as much as 40% for the day and down 25% as of 2:15 p.m. ET. Tough conditions, even worse quarter Forward is an asset-light provider of transportation services. In January, the company completed a deal for Omni Logistics over the objections of an ac ...