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Forward Air faces investigation after Q1 losses and major customer exit cause 43% stock plunge

Market News
19 May 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Forward Air Corporation reported a 5.1% revenue decline and a net loss of $34.3 million in Q1 2026, revealing a major customer accounting for $250 million in revenue is shifting business to competitors. The company also disclosed no sale proposals were received after strategic review, leading to a 43% stock price drop. Law firm Bragar Eagel & Squire is investigating potential securities law violations on behalf of Forward Air shareholders. Investors who suffered losses are encouraged to contact the firm to discuss legal options.

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