Distressed Forward Air chugs along – just enough to breathe

AI Summary

Distressed air-freight company Forward Air has issued an operational update as it continues to recover with support from lenders who relaxed its debt covenants. The company’s financial strain follows a major deal announced more than three years ago.

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. The post Distressed Forward Air chugs along – just enough to breathe appeared first on The Loadstar.