The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
In 2023, Forward Air’s (NASDAQ: FWRD) stock traded at a high of $121 per share. Then the company announced an agreement to acquire Omni Logistics.
The press release had then-Chairman, President and CEO Tom Schmitt quoted as saying, “The combination of Omni with Forward creates a company positioned to achieve the full potential of our LTL business,...
https://www.freightwaves.com/news/forward-airs-board-rewarded-for-destroying-shareholder-value