Forward Air said its board of directors has initiated a review of the business and will consider options including a sale of the company. The Greenville, Tenn., expedited trucker on Monday said that the board will also consider other options, such as a merger to boost shareholder value.

Forward Air (FWRD) said its Board has initiated a comprehensive review of strategic alternatives to maximize shareholder value. The

U.S.-based freight forwarding company Forward Air said on Monday its board had initiated a comprehensive review of strategic options including a merger or a sale of the company. The move comes nearly five months after activist investor Ancora Holdings reportedly urged Forward Air to consider a sale,