Forward Air Corporation Financial Overview

$1,400 $1,200 Forward Air.. CORPORATION ** Revenue* (CAGR = 13%) $1,000 825 $800 672 604 $600 557 494 $400 Revenue & Earnings History ** EBITDA (CAGR = 10%) EPS** (CAGR = 14%) $3.50 164 150 $3.00 143 140 127 $180 1,321 $160 1,169 1,030 $140 988 $120 108 105 98 $100 74 $80 $60 $2.50 2.08 2.07 $2.00 1.95 1.78 1.77 1.60 $1.50 1.10 $1.00 $40 $200 $0.50 $20 $0 $0 $0.00 10 11 12 13 14 15* 16 17 18 10 11 12 13 14 15 16 17 18 10 11 12 * Non-GAAP adjustment, see appendix ** Impact of ASC 606 (Revenue from Contracts with Customers) estimated for 2010-2013 Adjusted to exclude CST acquisition costs ($0.02) 3.12 2.89 13 14 15 16* 17 18 19

View entire presentation