Activist investor Ancora carves out niche in transportation sector

The firm was again successful in 2025 , ousting three “unfit legacy directors,” including the chairman, following the fallout from the controversial acquisition of Omni Logistics. The acquisition, which circumvented a shareholder vote, diluted equity holders, spooked customers and left Forward with a heavy debt burden. Forward Air is continuing to explore strategic alternatives, including a potential sale of the company , due to Ancora’s efforts.It was able to alter five board seats and push the chief finan ...