Forward Air Corporation Increases Dividend from $0.07 to $0.10

The Board of Directors of Forward Air Corporation FWRD today announced a change to the Company's dividend policy and the declaration of a quarterly cash dividend. The regular quarterly dividend rate will be increased, effective with the next payment, to $.10 per share of common stock from the current $.07 per share, an increase of 42.9%. The Board of Directors of Forward Air Corporation also announced the declaration of a quarterly cash dividend of $.10 per share of common stock payable on September 7, 2012 to shareholders of record at the close of business on August 23, 2012.