Forward Air Retains Up to 75% of Major Customer Business via MOU
Forward Air Corporation announced it has entered into a non-binding Memorandum of Understanding (MOU) with one of its largest customers. This MOU is expected to allow Forward Air to retain at least half of the approximate $250 million in revenue from this customer for fiscal year 2025, with potential to retain an additional 25%. The agreement also extends the contract term for retained services for a minimum of two years, while some services will transition to other providers starting in late 2026 and into 2027.
Key Highlights
- Entered non-binding MOU with a major customer on July 20, 2026.
- Expects to retain at least 50% of the approximate $250 million revenue from the customer.
- Potential to retain an additional approximate 25% of the customer's business.
- MOU extends the contract term for retained services for no less than two years.
- Customer's service transition to other providers begins late 2026, into 2027.
Price Impact
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