Four activist investors representing 25 percent of Forward's shares have publicly called on the company to explore strategic alternatives.

U.S.-based freight forwarding company Forward Air said on Monday its board had initiated a comprehensive review of strategic options including a merger or a sale of the company. The move comes nearly five months after activist investor Ancora Holdings reportedly urged Forward Air to consider a sale,

Forward Air (FWRD) announced that its board of directors has initiated a review of strategic alternatives. The board will consider a range of

Forward Air said its board of directors has initiated a review of the business and will consider options including a sale of the company. The Greenville, Tenn., expedited trucker on Monday said that the board will also consider other options, such as a merger to boost shareholder value.