SAN DIEGO, May  08, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Forward Air Corporation (NASDAQ:FWRD). The investigation focuses on Forward Air&#39;s executive

FWRD

Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses

Forward Air Under Investigation Amid Significant Customer Transition

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  <section data-block="information">
    <h3>Information</h3>
    <p>SAN DIEGO, May  08, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Forward Air Corporation (NASDAQ:FWRD). The investigation focuses on Forward Air&amp;#39;s executive</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Forward Air Corporation is facing legal scrutiny from Johnson Fistel regarding potential investor losses after reporting weak first-quarter financials and a significant customer transition. This could jeopardize future revenues and investor sentiment, leading to further stock price declines.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Forward Air faces investigation by Johnson Fistel over potential investor losses.</li><li>Q1 2026 results show a revenue decline of 5.1% to $582 million.</li><li>Company disclosed a significant customer is transitioning business to competitors.</li><li>No actionable proposals for company sale were received amidst strategic reviews.</li><li>Stock price declined sharply following negative financial disclosures.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Johnson Fistel, PLLP (N/A)</strong>: Investigating FWRD&#039;s executive officers for potential securities law violations.</li></ul>
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  <section data-block="category">
    <h3>Legal</h3>
    <p>The news falls under the &#039;Legal&#039; category as it focuses on an investigation into potential securities laws violations affecting Forward Air, directly impacting its stock valuation and investor confidence.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Investigation may lead to legal costs impacting cash flow.</li><li>Customer transition could result in further revenue losses for FWRD.</li><li>Stock price volatility expected as investors react to ongoing legal developments.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>FWRD reported Q1 2026 revenues of $582 million, down 5.1% year-over-year.</li><li>Net loss attributed to Forward Air was $34.3 million, or $1.09 per share.</li><li>A significant customer represented $250 million of revenue but is moving accounts.</li><li>No sale proposals were received after strategic review process.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider shorting FWRD, as the negative outlook may persist over the next quarter.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">SAN DIEGO, May  08, 2026  (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FWRD">FWRD</a>). The investigation focuses on Forward Air's executive officers and whether investor losses may be recovered under federal securities laws.</p>  <p><strong>What if I purchased Forward Air securities?</strong><br></br>If you purchased Forward Air securities and suffered losses on your investment, join our investigation now: <a href="https://www.globenewswire.com/Tracker?data=lYGYX1EpFbYhGHPbq7MekAYpRQPuSF76JHL9LS0cItocBwSgaHEJnz-3RIiCRlORMFMijAfQi8MWi_vH2Hpa7Fq59ouzLHKKajazfrK-KXhM_cdo9ljNN-xd3hr2ekM1X16Cyp5dxTXCDaY58ofmBcT_390fZECx9QRUfXOGxTPSjGKAYIrlbvfjgxFsZwiE" rel="nofollow" target="_blank">Click here to join the investigation</a>.</p>  <p>Or for more information, contact Jim Baker at <a href="https://www.globenewswire.com/Tracker?data=z4ERC0PcUdDXk_TX7rj6obV3uXLXXorHS2_QNiJchUPpQpY_Qho4A1o2V5gV1wXLWEDMHpvYoUSh4Q5yQoG7mgCufURSYZ9lDdAWfzy9sWo=" rel="nofollow" target="_blank">jimb@johnsonfistel.com</a> or (619) 814-4471.</p>  <p>There is no cost or obligation to you.</p>  <p><strong>Background of the investigation</strong><br></br>On May 7, 2026, Forward Air reported its first quarter 2026 financial results and provided a customer and strategic alternatives update. Among other things, the Company disclosed operating revenues of $582.0 million, compared to $613.3 million in the prior-year period, representing a decrease of 5.1%. The Company also disclosed a net loss of $40.2 million and a net loss attributable to Forward Air of $34.3 million, or $1.09 per diluted share.</p>  <p>More significantly, Forward Air disclosed that it was "currently in active discussions with one of its largest customers" regarding "the transition of a significant portion of their business with the Company to other providers." Forward Air further disclosed that the customer represented approximately $250 million of the Company's revenue for the fiscal year ended December 31, 2025, and was not a customer of Forward Air's Less Than Truckload or Intermodal businesses.</p>  <p>Forward Air also provided an update on its strategic alternatives process. The Company disclosed that its review included "extensive negotiations and discussions with multiple parties," but that "due to a variety of factors, including the developments in Forward Air's relationship with the Customer, no actionable proposals for a sale of the Company were ultimately received."</p>  <p>Following these disclosures, Forward Air's stock price declined sharply, damaging investors.</p>  <p>In light of this disclosure, Johnson Fistel is investigating whether Forward Air complied with the federal securities laws. If you suffered losses from your investment in Forward Air stock, contact Johnson Fistel.</p>  <p><strong>About Johnson Fistel, PLLP &#x7C; Securities Fraud &amp; Investor Rights</strong><br></br>Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit <a href="https://www.globenewswire.com/Tracker?data=fsYiukWCRlVLMSBzldWzywf0DRQFlZkwHsM2w09Gw-Qbdjzz7gzPVTaRp4wxynFJmTLdbKp3djeu9hivQYp5KInFhFGhgMA3CY_IulNvQt0=" rel="nofollow" target="_blank">www.johnsonfistel.com</a>.</p>  <p><strong>Achievements</strong><br></br>In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, reflecting the firm's effectiveness in advocating for investors and recovering approximately $90,725,000 for clients in cases where it served as lead or co-lead counsel.</p>  <p>Attorney advertising.<br></br>Past results do not guarantee future outcomes.<br></br>Services may be performed by attorneys in any of our offices.<br></br>Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.</p>  <p><strong>Contact</strong><br></br>Johnson Fistel, PLLP<br></br>501 W. Broadway, Suite 800<br></br>San Diego, CA 92101<br></br>James Baker, Investor Relations – or – Frank J. Johnson, Esq.<br></br>(619) 814-4471 &#x7C; <a href="https://www.globenewswire.com/Tracker?data=z4ERC0PcUdDXk_TX7rj6obV3uXLXXorHS2_QNiJchUO90Ek0S6gobNoQCnKxg5BuOFqJTZOLdqag7VEdVwhOUmEm4CF-F2maxqafJW_o-2Q=" rel="nofollow" target="_blank">jimb@johnsonfistel.com</a> </p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxNjUxNCM3NTkyNTQ5IzIxODE3ODk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YmUzNGQ4YjUtN2Y1Ny00NDhmLWEwYzctNTNjYmRlZDViODIzLTExOTMzNTgtMjAyNi0wNS0wOC1lbg==/tiny/Johnson-Fistel-PLLP.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c"><img src="https://ml.globenewswire.com/media/bb2e6cf6-9d53-4d2e-a5d2-759cdd3b516c/small/johnson-fistel-jpg.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

Forward Air Corporation is facing legal scrutiny from Johnson Fistel regarding potential investor losses after reporting weak first-quarter financials and a significant customer transition. This could jeopardize future revenues and investor sentiment, leading to further stock price declines.

Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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