U.S. Logistics Solutions Closes Suddenly, Files for Chapter 7 Bankruptcy [Yahoo! Finance]
Forward Air Corporation (FWRD)
Last forward air corporation earnings: 4/30 04:27 pm
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US:NASDAQ Investor Relations:
forwardair.gcs-web.com/investor-overview
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Source: Yahoo! Finance
On Monday, USLS stated it had filed for Chapter 7 bankruptcy on June 21 after being “notified by its lender that it will no longer receive the necessary funding to continue operations.” More from Sourcing Journal Levi's, Gap Denim Supplier Downsizing as Business Dries Up Colorado's Ouray Sportswear Will Shut Down, Lay Off Staff Malek Spinning Mills' Denim Unit to Close Amid 'Instability' Ten Oaks Group owns USLS after acquiring Forward Air Solutions for $20 million in 2021, which marked the investing firm's first logistics transaction. Ten Oaks then moved the company's headquarters from Tennessee to Texas. Eric Culberson, USLS's former president, shared a LinkedIn post Friday, first reported by FreightWaves, calling the closure an “abrupt decision by [USLS's] private ownership group to close our doors at the same time business was surging.” He went on to say that the closure would affect more than 2,000 employees. “The timing of this closure did not give me the chance
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FWRD
News
- Here's Why ClearBridge Small Cap Value Strategy Decided to Sell Forward Air (FWRD) [Yahoo! Finance]Yahoo! Finance
- The past three years for Forward Air (NASDAQ:FWRD) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Activist Ancora joins investors' calls for a strategic review at Forward Air. Here's what may happen next [CNBC]CNBC
- Yellow's Chapter 11 plan includes rights offering, REIT [Yahoo! Finance]Yahoo! Finance
- Transportation capacity steps higher in August, survey shows [Yahoo! Finance]Yahoo! Finance
FWRD
Earnings
- 8/7/24 - Miss
FWRD
Sec Filings
- 8/14/24 - Form SC
- 8/14/24 - Form 3
- 8/12/24 - Form SC
- FWRD's page on the SEC website