Forward Air Corporation

Forward Air moves freight quickly across North America and globally. Their Expedited Freight division runs regional and national less-than-truckload (LTL) networks plus temperature-controlled logistics. Omni Logistics handles international air and ocean freight forwarding, customs brokerage, and warehousing. The Intermodal segment provides container drayage (short-haul trucking to/from rail terminals) and warehouse handling. Customers include freight forwarders, third-party logistics firms, airlines, steamship lines, and retailers [Yahoo Finance].

Forward Air Corporation is a Dallas-based freight and logistics company operating across North America, Europe, and Asia through three segments: Expedited Freight (regional and national less-than-truckload), Omni Logistics (global forwarding and supply chain), and Intermodal (container drayage) [Yahoo Finance]. The company is under multiple securities law investigations following disclosure of a $40.2 million net loss in Q1 2026 and news that one of its largest customers (representing ~$250 million in annual revenue) is moving business to other providers [globenewswire.com]. With a health score of 2.6/10, negative net margin of -4.3%, and net debt at 10.8x EBITDA, Forward Air faces significant financial distress [Yahoo Finance].

Forward Air is in severe financial distress with a 2.6/10 health score, negative profitability, and debt levels nearly 11 times EBITDA [Yahoo Finance].