secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2023-12-27T23:59:59+00:00
Accession:  0001193125-23-304001
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air sells Final Mile business to Hub Group for $262M
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- Final Mile sold to Hub Group for $262M cash; transaction closed Dec 20, 2023.
- Final Mile generated ~$289M revenue in 12 months ended Sep 30, 2023.
- Business has ~45 locations and over 640 employees transferring to Hub Group.
- Final Mile revenue grew over 150% since inception in 2019, CEO cites corporate clarity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000119312523304001/0001193125-23-304001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000119312523304001/d181499d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-304001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer