Distressed Forward Air chugs along – just enough to breathe

There’s nothing wrong with a company being proud of a solid operational update after it had been saved by lenders who had to relax covenants ever since a transformational, leap-of-faith deal was announced over three years ago. Fine with that. Forward Air (FWRD) management highlighted some record figures in the third-quarter (Q3 26) update released after US trade yesterday (9 November), but with that came a financial picture that still points to ...

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