Forward Air Corporation Financial Overview

$ millions Forward Air.. CORPORATION Addressable Market 2018 Business Unit Revenue TAM TAM Comments Expedited LTL 748 3,500 $1,500 traditional airport-to-airport + $2,000 3PL Truckload Premium Services 193 3,000 Intermodal 201 7,000 $1,500 expedited + $1,500 medical+refrigerated Midwest + SE region Pool Distribution 194 4,000 $1,500 retail + $2,500 other verticals Intercompany Eliminations (15) Total 1,321 17,500 7.5% of estimated total addressable market Source: Studies performed by Tompkins International and SJ Consulting ➤ Currently serve approximately 7.5% of total addressable market (TAM) ➤ Significant opportunity for future growth 26

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