Forward Air is trading 12.4% up at $15.03 after providing an update on client service transition plans that clarified a significant overhang on the stock.
- The company disclosed ongoing negotiations with a major client that is diversifying its supplier base, with service transitions not expected to begin until late 2026.
- The disclosure provides a clearer timeline for the business shift, helping to drive a rebound in the share price by reducing long-term uncertainty.
- Investors are reacting positively to the transparency regarding the transition, which had previously been a point of concern for the market.