Market Overview

Forward Air Announces Effective Date of CEO Transition and Election of New Director


Forward Air Corporation (NASDAQ:FWRD) today announced that its
previously-announced CEO transition became effective on September 1,
2018, when Tom Schmitt, the Company's new President and CEO, began his
employment with the Company and was elected as a member of the Company's
Board of Directors. The Company's Board now consists of nine members,
seven of whom are independent directors. Also, effective on September 1,
2018, Bruce Campbell assumed his new role as Executive Chairman.

Mr. Campbell, who is 67 years old, joined Forward Air twenty-eight years
ago and has served as the President and CEO since 2003. Under his
leadership as CEO, the Company grew from approximately $242 million in
revenue in 2003 to the $1 billion plus enterprise it is today,
generating significant shareholder value along the way.

C. Robert Campbell, the Company's lead independent director, commented,
"Bruce has been a remarkable leader responsible for creating tremendous
value for our shareholders. His hard work, dedication and unique
combination of vision, operating skills and commitment to the Forward
Air family of employees enabled Forward Air to become the best in class
service provider it is today. The entire board of directors extends our
sincere thanks for his service, his past leadership as our Chairman and
CEO and his continued leadership as our Executive Chairman."

Mr. Campbell continued, "Bruce has done a superior job working closely
with the Board to identify Tom as his successor. We are excited to
announce Tom's start date and to have an individual of Tom's caliber and
experience to lead Forward Air into the future. Tom has had an
enormously positive impact on the companies he's led, and we look
forward to working closely with him to ensure the continued success and
growth of Forward Air in the years ahead."

Commenting on the transition, Bruce Campbell said, "I've been blessed
and privileged to have had the opportunity to lead Forward Air over the
past twenty-eight years. I am deeply passionate about our Company, and
have enormous love and respect for our people. I'm extremely proud of
what our team has accomplished during my tenure, and I look forward to
assisting Tom as he brings his considerable talents and expertise to
Forward Air and leads the Company to what I know will be a successful

Mr. Schmitt commented, "I'm excited to join the team, roll up my
sleeves, and get to work. I'm grateful to the Board for this opportunity
and to Bruce for the legacy of success I'm inheriting. Like Bruce, I
will be focused on continuing to grow the business while creating value
for our customers, shareholders, employees and other stakeholders."

About Forward Air Corporation

Forward Air keeps your business moving forward by providing services
within four business segments: Expedited LTL (provides expedited
regional, inter-regional and national LTL services, including local
pick-up and delivery, shipment consolidation/deconsolidation,
warehousing, and customs brokerage by utilizing a comprehensive national
network of terminals); Truckload Premium Services (provides expedited
truckload brokerage, dedicated fleet services, as well as high-security
and temperature-controlled logistics services); Intermodal (provides
first-and last-mile high-value drayage services both to and from
seaports and railheads, dedicated contract and Container Freight Station
warehouse and handling services); and Pool Distribution (provides
high-frequency handling and distribution of time sensitive product to
numerous destinations within a specific geographic region). For more
information, visit our website at

This press release may contain statements that might be considered as
forward-looking statements or predictions of future operations including
with respect the successful management transition and future operational
performance. Such statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and
are based on management's belief or interpretation of information
currently available. These statements and assumptions involve certain
risks and uncertainties. Actual events may differ from these
expectations as specified from time to time in filings with the
Securities and Exchange Commission. We assume no duty to update these
statements as of any future date.

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