News / Shareholder Ancora calls for change at Forward Air after 'poor operational oversight'

As it prepares to unveil its financial results for the fourth quarter of 2020, Forward Air is facing headwinds from a group of activist investors led by former executives.

Ancora Advisors, which holds a 6.3% stake in the trucking company, has sent an open letter to shareholders asking them to elect four candidates it has nominated for Forward’s board of directors.

Ancora, which includes Forward founder Scott Niswonger and ex-CFO Andrew Clarke, acquired 5.3% of the company late last year and subsequently ...