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Industry Credit Outlook 2024: Transportation

Published Jan 09, 2024

15 pages (6606 words) — Published Jan 09, 2024

Price US$ 600.00 | Buy this Report Now

About This Report

Abstract:

S&P Global Ratings? Industry Credit Outlook 2024 series sets out our industry experts? assumptions and credit outlook for global industries. For transportation, we expect post-pandemic "normalizing" after highly turbulent years.

Brief Excerpt:

...Downside economic risks persist. Weaker volumes continue for freight transportation due to sluggish demand. But air travel demand has recovered well, in line with expectations. Fuel costs remain high. Oil prices have become even more volatile since the wars in Ukraine and the Middle East, and we expect prices to remain elevated. Real interest rates will remain higher for longer. There will be a marked rise in finance costs, particularly for lower-rated companies facing looming debt refinancing requirements....

Report Type:

Commentary

Issuer

Forward Air Corporation

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

Research Update: Forward Air Corp. Downgraded To 'B+' From 'BB-' On Weaker EBITDA Contribution From Omni Logistics; Outlook Stable – 2024/02/06 – US$ 225.00

Research Update: Forward Air Corp. Downgraded To 'B' From 'B+' On Weakened Performance; Outlook Negative; Debt Ratings Also Lowered – 2024/06/11 – US$ 225.00

Bulletin: Forward Air Corp.'s Potential Termination Of Its Merger With Omni Logistics Doesn't Currently Affect Its Credit Quality – 2023/11/03 – Free

Forward Air Corp's $925 Million Senior Secured Notes Assigned 'BB-' Rating (Recovery Rating: '3') – 2023/09/22 – US$ 150.00

Forward Air Corp. Assigned 'BB-' Issuer Credit Rating; Outlook Stable; Term Loan Rated 'BB-' – 2023/09/11 – US$ 150.00

Research Update: Forward Air Corp. Assigned 'BB-' Issuer Credit Rating; Outlook Stable; Term Loan Rated 'BB-' – 2023/09/11 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Industry Credit Outlook 2024: Transportation" Jan 09, 2024. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Industry-Credit-Outlook-2024-Transportation-3108190>

APA:	S&P Global Ratings’ Credit Research. (). Industry Credit Outlook 2024: Transportation Jan 09, 2024. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Industry-Credit-Outlook-2024-Transportation-3108190>

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