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  "documentTitle": "Forward Air Corporation (FWRD)",
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  "authorName": "Frederick DiSanto",
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  "presentationDate": "2021-02-16 00:00:00",
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      "text": "It appears that Forward Air had adopted a specific time slot for releasing quarterly earnings results, so we have to wonder what could have prompted the Company to release 4Q20 results much later and at a completely new time slot.",
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      "text": "In the course of our discussions with Forward Air, we highlighted four key items we believe are critical to enhancing shareholder value: 1) implementing operational efficiency / margin improvements; 2) appointing Andrew Clarke as Board Chairman; 3) divesting the Intermodal segment; and 4) using proceeds from the Intermodal sale and ample balance sheet capacity to execute a significant share repurchase program.",
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      "text": "To that end, members of the Board and management team have held numerous and extensive discussions with Ancora... Through these discussions, the Board determined that it is either already executing on – or intends to undertake – many of the initiatives suggested by Ancora.",
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