{"id":102592,"date":"2026-02-25T21:41:52","date_gmt":"2026-02-26T00:41:52","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/895608890"},"modified":"2026-02-25T21:41:52","modified_gmt":"2026-02-26T00:41:52","slug":"forward-air-reports-28-3m-loss-due-to-freight-market-conditions","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/25\/forward-air-reports-28-3m-loss-due-to-freight-market-conditions\/","title":{"rendered":"Forward Air reports $28.3M loss due to freight market conditions"},"content":{"rendered":"<div class=\"text-to-speech\"> <button class=\"text-to-speech__button button\"> <img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1&w=1600&resize=1600&ssl=1 1600w\" class=\"text-to-speech__button__icon\" fifu-data-src=\"https:\/\/mlmjbqro95r8.i.optimole.com\/cb:bOxR.6a5\/w:auto\/h:auto\/q:mauto\/f:best\/ig:avif\/https:\/\/i1.wp.com\/www.truckingdive.com\/static\/img\/play.svg?500116090725&ssl=1\" alt> Listen to the article <span class=\"text-to-speech__button__audio-length\">3 min<\/span> <\/button> <\/p>\n<div class=\"text-to-speech__controls\"> <audio controls class=\"js-text-to-speech\" preload=\"none\">  <\/audio> <\/p>\n<div class=\"text-to-speech__controls__text\"> This audio is auto-generated. Please let us know if you have <a href=\"https:\/\/www.truckingdive.com\/contact\/\">feedback<\/a>. <\/div>\n<\/p><\/div>\n<\/div>\n<h3>Dive Brief:<\/h3>\n<ul>\n<li><span><span><span><span><span><span>Forward Air reported a Q4 net loss of $28.3 million, which the CEO attributed to less-than-favorable freight market conditions, according to a Feb. 23 <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/ir.forwardaircorp.com\/news-events\/press-releases\/detail\/408\/forward-air-corporation-reports-fourth-quarter-and-full\"><span><span><span><span><span><span><span><span>earnings release<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>The loss, however, was lower than its Q4 net loss a year ago of $36.4 million as the company\u2019s cost-cutting efforts and integration of Omni Logistics led to operational improvements, the company said.&nbsp;&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span>President and CEO Shawn Stewart said the company is focused on what it can control, \u201cincluding aligning our cost structure to match demand and executing our transformation strategy.\u201d&nbsp;&nbsp;&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<h3>Dive Insight:<\/h3>\n<p><span><span><span><span><span><span>Since its acquisition of <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/www.truckingdive.com\/news\/forward-air-omni-logistics-agree-new-merger-deal\/705186\/\"><span><span><span><span><span><span><span><span>Omni Logistics<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> in 2024, Forward Air has spent the last year integrating operations, which executives expected in time would lead to <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/www.truckingdive.com\/news\/forward-air-q3-2025-operating-income-decline\/804824\/\"><span><span><span><span><span><span><span><span>cost savings<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> and a <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/www.truckingdive.com\/news\/forward-air-q2-2024-reports-996-million-net-income-loss\/723793\/\"><span><span><span><span><span><span><span><span>return to positive cash flow<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>. Quarterly operating revenues fell 0.3% year over year to $631.2 million, per the release.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Stewart said during a <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/seekingalpha.com\/article\/4873635-forward-air-corporation-fwrd-q4-2025-earnings-call-transcript\"><span><span><span><span><span><span><span><span>call with analysts<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> that the past year was spent unifying the company\u2019s domestic operation and aligning the business into \u201ca more cohesive, agile and scalable operating model.\u201d He added that the company \u201cis well positioned once the freight environment improves.\u201d<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cIt was a great year and we remain extremely confident in our strategy,\u201d Stewart said on the call.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Stewart said in the earnings release that revenues in the Omni segment increased $34 million YoY to $360 million, driven by strong demand for its diversified service offerings, which includes express air service, customs brokerage and contract logistics.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>\u201cWe delivered solid results in 2025 despite less than favorable freight market conditions,\u201d he said.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>CFO Jamie Pierson said on the call with analysts <\/span><\/span><\/span><\/span><\/span><\/span><span><span><span><span><span><span>that the Omni Logistics segment in Q4 reached its highest revenues ever.&nbsp;Reported <span>EBITDA<\/span> in Q4 improved to $36 million compared to $32 million a year ago.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Pierson added that Omni Logistics\u2019 margin increased 360 basis points to 9.2% in 2025 compared to 5.6% in 2024.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Despite prolonged weak freight conditions, Forward Air\u2019s expedited segment saw mostly consistent shipments per day though the first half of 2025, which tapered off in the second half of the year, according to its Q4 <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/d1io3yog0oux5.cloudfront.net\/_7939f255787e67d37b55ce54c8db5717\/forwardair\/db\/524\/4492\/conference_call_presentation\/FWRD+4Q25+Earnings+Presentation+FINAL+2-22-26.pdf\"><span><span><span><span><span><span><span><span>earnings presentation<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span>. However, in that time, weight per shipment showed consistency, as did revenues per shipment, which in Q1 was $208 million, then rose another $1 million in Q2, before hitting $210 million in Q3 and tapering to $206 million in Q4.&nbsp;<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span>Meanwhile, the company continues to make progress on its <\/span><\/span><\/span><\/span><\/span><\/span><a href=\"https:\/\/www.truckingdive.com\/news\/forward-air-strategic-review-progressing-august-2025\/757579\/\"><span><span><span><span><span><span><span><span>strategic review<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/a><span><span><span><span><span><span> of its operations, which could include a sale of the business. Stewart said the company is nearing the conclusion of its review, noting that the difficult logistics environment contributed to the length of the process. He did not say when the review would be completed.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; to less-than-favorable <span class=\"match\">freight<\/span> market conditions, according to &#8230; well positioned once the <span class=\"match\">freight<\/span> environment improves.\u00e2\u0080\u009d \u00e2\u0080\u009cIt was &#8230; despite less than favorable <span class=\"match\">freight<\/span> market conditions,\u00e2\u0080\u009d he said &#8230; 2024. Despite prolonged weak <span class=\"match\">freight<\/span> conditions, Forward Air\u00e2\u0080\u0099s &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-102592","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=102592"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102592\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=102592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=102592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=102592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}