Forward Air Corporation Provides Customer Update
Forward Air signed a non-binding MOU with a major customer, securing the retention of 50% to 75% of the approximately $250 million in revenue the account generated in fiscal 2025. The agreement extends the contract term for the retained services by at least two years, countering the customer's previous plans to diversify service providers.
Key figures
- Customer revenue fy2025
- $250 million
- Contract extension years
- 2
- Retention lower bound pct
- 50
- Retention upper bound pct
- 75
AI analysis
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