Forward Air Corporation Financial Overview

Forward Air.. CORPORATION • • Highlights Premium intermodal drayage for forwarders, airlines and steamship lines Branded as CST (Central States Trucking) Growing Midwest, Southeast and Southwest footprint • Service partnerships with 20 of the top • 100 importers Offer dedicated contract and CFS warehouse services Intermodal Revenue Intermodal CST Growth Areas • M&A pipeline provides clear line of sight • to revenue growth and footprint expansion Greenfield startups where right M&A candidate is not available 2018 $ 201 M Operating Income $ 23 M EBITDA $ 30 M 305 K Drayage Shipments Drayage Revenue Per Shipment $ 567 23

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