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Forward Air

Forward Air - Denver

Forward Air

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Description of Forward Air

Forward Air Corporation is a leading provider of time-definite surface
transportation and related logistics services to the North American air freight and expedited LTL market. We provide scheduled surface
transportation of cargo as a cost effective, reliable alternative to air transportation. We transport air freight that must be delivered at a
specific time, but is less time-sensitive than traditional integrated services. We have a network of freight terminals located on or near airports
in 85 U.S. and Canadian cities, including our central sorting facility in Columbus, Ohio and 11 regional sort centers that create the most effective
linehaul network in the industry. Since 1995, we have experienced rapid growth in revenue from $63.6 million to $392.7 million in 2007 and in
operating income from $6.4 million to $71.0 million. We utilize a flexible source of capacity made up of owner-operators and, to a lesser extent, other
surface transportation providers, which results in a largely variable cost operating model with low capital requirements.
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