Forward Air Corporation has entered into a two-year definitive transition agreement with one of its largest customers. The agreement secures a significant portion of the services currently provided, while also outlining a transition plan for certain other services.
Key Details
- Agreement Term: The definitive agreement has a two-year term, providing increased business visibility and predictability.
- Service Transition: Certain services will be transitioned away from Forward Air between November 2026 and March 2027, with no material revenue impact expected in 2026.
- Revenue Outlook: The company forecasts that annual revenue from the retained services in 2026, 2027, and 2028 will exceed the total revenue generated by this customer in 2025.