Forward Air Q1 net loss narrows 32.2% to $34.32 million; revenue falls 5.1% to $582.05 million

• Forward Air posted a net loss of USD 34.32 million for quarter ended March 31, 2026, narrowing 32.2% year over year.
• Revenue fell 5.1% to USD 582.05 million, while operating income climbed to USD 20.44 million.
• Total other expense rose 26.9% to USD 58.85 million, driven primarily by a USD 16.71 million adjustment to increase liabilities under the Tax Receivable Agreement.
• Expedited Freight revenue increased 9.4% to USD 272.71 million, while Omni Logistics revenue dropped 6.5% to USD 302.42 million and Intermodal revenue slid 15% to USD 53.09 million.
• Board continues to pursue potential sales of non-core assets, including Intermodal segment and certain components of Omni Logistics, while holding talks with largest customer on transitioning a significant portion of contract logistics business; customer represented about 12% of consolidated operating revenue in the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Air Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-033501), on May 11, 2026, and is solely responsible for the information contained therein.