Forward Air says strategic review nearing conclusion

Forward Air announced it is "nearing the conclusion" of a strategic review. The comments were made on a call discussing fourth-quarter results on Monday after the market closed. Operating cash flow of $209 million in 2025 was largely used to service outstanding debt and pay professional fees. Liquidity at the end of the year was $367 million, $15 million lower y/y. | Forward Air | Q4/25 | Q4/24 | Y/Y Gross Change | Y/Y % Change | | --- | --- | --- | --- | --- | | Expedited Freight: | | | | | | Network | $18 ...