FWRD NASDAQ
Credit Risk of going bust: higher than 94% of companies Debt: 80.6% of company value Bonds: $148.2M held by 79 funds, 555 bp over Treasuries → details ▾
If the stock fell to about $4.36 (down 71%), Forward Air Corporation would be worth roughly what it owes.
Total debt $2.11B against a stock market value of $509.4M.
Distance to default 1.01 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $846.7M (short-term plus half of long-term), stock volatility 91.7%; Altman Z'' -1.33. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Dallas, TN 75019
US
Forward Air Corporation, including its various subsidiaries, functions as a streamlined transportation and logistics enterprise throughout the United States and Canada, operating with an asset-light model. The company's business is structured into two principal divisions: Expedited Freight and Intermodal. The Expedited Freight segment delivers time-sensitive regional, inter-regional, and national less-than-truckload (LTL) services, complemented by local collection and delivery capabilities. This comprehensive segment also extends to final-mile services, full truckload transport, cargo consolidation and deconsolidation, storage solutions, customs brokerage, and general freight handling. Furthermore, it encompasses expedited truckload brokerage, dedicated fleet operations, and specialized logistics for high-security or temperature-sensitive goods. The Intermodal segment primarily focuses on drayage services for intermodal containers. It also provides contract warehousing as well as container freight station (CFS) warehousing and related handling services. Forward Air caters to a diverse customer base, which includes freight forwarders, third-party logistics (3PL) providers, integrated air cargo companies, both passenger and cargo airlines, ocean carriers, and retailers. Founded in 1981, Forward Air Corporation is based in Greeneville, Tennessee.
Recent Insider Trades
| Name | Type | Shares | Price | Date |
|---|---|---|---|---|
| Svindland Paul C. | A-Award | 9,545 | — | 2026-06-18 |
| Boyles Dale W | A-Award | 9,545 | — | 2026-06-18 |
| Gorjanc Christine Ma | A-Award | 9,545 | — | 2026-06-18 |
| Mendunekas Fabio de | 0 | — | 2026-06-17 | |
| Van Altena Jonathan | 0 | — | 2026-06-17 |