U.S.-based trucking and logistics company Forward Air Corp. $FWRD has emerged as a potential acquisition target, with major private equity firms including Blackstone Inc. $BX and Apollo Global Management Inc. $APO signing confidentiality agreements to evaluate a possible buyout, according to sources familiar with the situation. The growing attention underscores broader consolidation dynamics within the U.S. logistics sector, as investors seek to capitalize on operational inefficiencies, digital transformation, and industry fragmentation.