{
  "id": 19245600,
  "title": "Forward Air pauses sale of intermodal unit",
  "url": "https://urgent.news/2026/11/09/forward-air-pauses-sale-of-intermodal-unit",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-09T23:52:42.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/forward-air-pauses-sale-of-intermodal-unit"
  },
  "original_language": "en",
  "account": "Forward Air has temporarily halted the sale of its intermodal unit, as disclosed in its latest third-quarter report. Management reaffirmed the business's \"back on track\" status during a quarterly call, stating that it is still open to fair value offers. The company began a strategic review in early 2025, initially considering the sale of its entire entity amid investor pressure following its contentious merger with Omni Logistics. However, the impending loss of a key contract logistics customer, accounting for 10% of annual revenue ($250 million), prompted a shift in focus towards divesting specific units. Forward has secured a two-year agreement to retain a substantial portion of the at-risk account, with revenue expected to surpass 2025 levels after a temporary transition period. Despite a 9% year-over-year increase in intermodal revenue to $63 million, Adjusted EBITDA for the unit grew 52% year-over-year to $35 million, with an improved margin of 11.3%. The company's overall revenue reached $674 million, a 7% increase from the prior year, while consolidated Adjusted EBITDA expanded by 31% to $101 million.",
  "summary": "Forward Air revealed it has halted a planned sale of its intermodal segment; however, with operations returning to target performance, the company remains open to offers that align with its fair market value. The post Forward Air pauses sale of intermodal unit appeared first on FreightWaves .",
  "key_points": [
    "Forward Air paused intermodal unit sale amid strategic review",
    "Key contract customer loss prompted focus on specific unit divestment",
    "Intermodal revenue up 9% to $63 million, Adjusted EBITDA 52% higher"
  ],
  "editors_take": "Pausing the divestiture allows Forward Air to stabilize its revenue base following a contentious merger and the potential loss of a major contract logistics customer.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}