Its stock having declined nearly 91% since the end of July, Forward Air now has been hit with two more downgrades of its debt rating. Moody's Ratings last week downgraded the ratings of ClueOpCo, a wholly owned subsidiary of Forward Air (NASDAQ: FWRD) that was created following the so-far-
Forward Air announced it has hired YRC Worldwide financial restructuring architect Jamie Pierson as interim chief financial officer. The post Forward Air hires former YRC CFO Jamie Pierson appeared first on FreightWaves.
The bleak freight market continues to take its toll on carriers earnings, with fleets noting soft rates, low volumes, overcapacity and extreme weather.