Morning Minute | July 24, 2025

FreightCasts · Jul 24, 2025 · 2m

Trucking and logistics company Forward Air is on the verge of a potential acquisition⁠, with several private equity firms, including Clearlake Capital and Apollo Global Management, submitting bids, causing its shares to surge 10%. This interest follows intense pressure from activist investors after the company's heavily contested merger with Omni Logistics, which shareholders criticized for its structure and the large debt burden it placed on Forward. In maritime news, ⁠a historic order has been placed for a new liquefied natural gas (LNG) vessel to be built at a Philadelphia shipyard⁠…