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Stock impact report

Activist investor Ancora carves out niche in transportation sector [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Ancora Alternatives has recently carved out a niche in the transportation industry, executing a string of board shakeups, C-suite overhauls and reworks of failed capital allocation strategies. The firm has undertaken several high-profile engagements in the space in recent years. The list of companies includes third-party logistics provider C.H. Robinson ( NASDAQ: CHRW ), expedited trucker Forward Air ( NASDAQ: FWRD ) and both Eastern Class I railroads — CSX ( NASDAQ: CSX ) and Norfolk Southern ( NYSE: NSC ). Its most recent cooperation agreement was inked last month with temperature-controlled warehouse operator Americold ( NASDAQ: COLD “It's about finding businesses that in our view are good businesses that have very good bones, that probably at some point in time were great companies and great stocks, but they've fallen on harder times for whatever reasons,” Conor Sweeney, director and portfolio manager at Ancora Alternatives, told FreightWaves in an interview. Ancora Alternat Show less Read more
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