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Forward Air to Receive Second-Round Bids Next Month, Possible Takeover Announcement to Follow
ByAinvest
Monday, Aug 18, 2025 10:29 am ET1min read
Forward Air is set to receive second-round bids early next month for a potential takeover. The less-than-truckload carrier has received interest from potential buyers, and a takeover announcement could be made as soon as next month if a bid is accepted.
Forward Air, the less-than-truckload carrier, is set to receive second-round bids early next month for a potential takeover. The company has been generating interest from potential buyers, and an announcement could be made as soon as next month if a bid is accepted. This development comes amid ongoing strategic reviews of the company's operations and the possibility of a sale or merger.In recent earnings calls, Forward Air executives have indicated that the company is considering a review of its operations to determine the best course of action. The company's CFO, Jamie Pierson, emphasized that the review is progressing and that possible outcomes, including a sale or merger, are being considered. However, the company is not allowing these possibilities to influence its day-to-day operations [1].
The company posted a significant net loss in the second quarter of 2025, driven largely by the integration of its newly acquired Omni Logistics segment. Despite this, the company has shown signs of improvement, with its operating income increasing to $20 million from a loss last year. The company aims to improve its EBITDA and cash flow as the freight market normalizes [2].
The merger with Omni Logistics has allowed for synergy between the two companies, particularly in the ground transportation segment. The Omni sales team has benefited from the larger organization, with its product offerings now being utilized more effectively. The company is well-positioned to drive growth in this segment [1].
Analysts remain optimistic about Forward Air's prospects. The current average analyst rating is "buy," with no "sell" or "strong sell" recommendations. The median 12-month price target for Forward Air is $34.00, about 11% above its August 8 closing price of $30.25 [2].
References:
[1] https://finance.yahoo.com/news/forward-air-makes-progress-review-102300711.html
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLXE9135C:0-forward-air-q2-revenue-falls-3-9-misses-estimates/
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