Every material Form 8-K FORWARD AIR CORP has filed with the SEC since July 21, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Forward Air entered a definitive two-year agreement with one of its largest customers, which will keep using the company for a significant portion of its current services. Certain other services will be transitioned away between November 2026 and March 2027, and the company says this is not expected to materially affect 2026 revenue. The company expects annual revenue from the customer in each contract year from 2026 to 2028 to exceed the customer's total 2025 revenue contribution, which management says should bring more visibility and predictability to the business.
Two-year agreement covers a significant portion of services currently provided to one of the largest customers
Transition of certain services expected between November 2026 and March 2027
Transition not expected to materially impact 2026 revenue
Annual revenue from the customer expected to exceed its 2025 total contribution in each year from 2026 to 2028
Forward Air reported second quarter 2026 consolidated operating revenue of $673 million, up from $619 million a year ago, and called it the best quarterly revenue in company history. The company also recorded a $244 million non-cash goodwill impairment tied to the Omni Logistics segment, which turned operating income into a $201 million operating loss and widened the net loss attributable to Forward Air to $207 million, or $6.38 per share, from $13 million, or $0.41 per share, a year earlier.
Consolidated operating revenue was $673 million, compared with $619 million in the second quarter of 2025.
Operating loss was $201 million, including a $244 million goodwill impairment charge related to Omni Logistics; operating income excluding the charge was $43 million, versus $20 million a year ago.
Consolidated EBITDA was $93 million, compared with $79 million a year ago.
Liquidity was $401 million at June 30, 2026, comprised of $139 million in cash and $261 million of credit facility availability.
On July 20, 2026, Forward Air entered into a non-binding memorandum of understanding with one of its largest customers, which plans to move part of its services to other providers. Under the MOU, the company expects to retain at least half of the approximately $250 million of revenue attributed to the customer for fiscal 2025, with potential to keep about 25% more, and the contract term for retained services would extend at least two years. Because the MOU is not binding, the final outcome remains uncertain for shareholders.
MOU entered into July 20, 2026 and is non-binding; no definitive agreement has been reported.
Company expects to retain at least half of the approximately $250 million of fiscal 2025 revenue attributed to the customer, with potential for about 25% more.
Contract term for retained services would be extended by no less than two years.
Service transitions to other providers are expected to start later in 2026, with the majority in December 2026 and through the balance of 2027.
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