Forward Air signs MOU to retain 50-75% of ~ customer revenue, extends term 2+ years

Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read

Key Changes

• high

  Non-binding MOU secures at least 50% of ~ annual revenue from major customer, with potential to retain up to 75%; contract term extended by at least two years following customer's diversification plans.

  Exhibit 99.1 view on EDGAR →
• medium

  Service transitions to other providers begin later in 2026, with majority occurring December 2026 through 2027; provides visibility into timing of revenue impact from customer diversification.

  Exhibit 99.1 view on EDGAR →