The activist investor group seeking changes at asset-light trucking and logistics company Forward Air (NASDAQ: FWRD) issued another letter to shareholders Tuesday. The group provided its summary on Forward’s fourth-quarter earnings results as well as a rebuttal to Forward’s take on the recent dialogue between the two parties.
The group, which is led by Ancora Advisors and includes Forward founder Scott Niswonger and former CFO Andy Clarke, said it remains “highly disappointed by the operating...