Forward Air (FWRD) 8-K Summary Segment Results of Operations

Expedited LTL Operating Statistics
	2014												2015												2016
	Q1			Q2			Q3			Q4			Q1			Q2			Q3			Q4			Q1
Operating ratio	85.4		%	80.8		%	82.6		%	85.3		%	87.8		%	86.7		%	85.5		%	85.6		%	87.3%
Business days	63			64			64			63			63			64			64			64			64
Business weeks	12.6			12.8			12.8			12.6			12.6			12.8			12.8			12.8			12.8
Expedited LTL:
Tonnage
Total pounds ¹	441,715			473,146			484,827			502,531			519,903			650,276			617,066			621,178			563,727
Average weekly pounds ¹	35,057			36,965			37,877			39,883			41,262			50,803			48,208			48,530			44,041
Linehaul shipments
Total linehaul	662,480			731,002			734,163			797,612			785,569			1,010,978			952,720			1,015,043			876,476
Average weekly	52,578			57,110			57,356			63,303			62,347			78,983			74,431			79,300			68,475
Forward Air Complete shipments	107,574			139,572			146,024			135,252			169,735			256,553			223,143			198,894			177,973
As a percentage of linehaul shipments	16.2		%	19.1		%	19.9		%	17.0		%	21.6		%	25.4		%	23.4		%	19.6		%	20.3%
Average linehaul shipment size	667			647			660			630			662			643			648			612			643
Revenue per pound 2
Linehaul yield	$	17.31		$	17.66		$	17.69		$	17.75		$	17.39		$	16.98		$	17.07		$	17.70		$17.86
Fuel surcharge impact	2.03			2.03			1.94			1.74			1.27			1.20			1.16			0.98			0.80
Forward Air Complete impact	2.79			3.13			3.35			2.85			3.14			3.48			3.44			3.22			3.07
Total Expedited LTL yield	$	22.13		$	22.82		$	22.98		$	22.34		$	21.80		$	21.66		$	21.67		$	21.90		$21.73
¹ - In thousands
2 - In dollars per hundred pound

Truckload Expedited Operating Statistics
	2014								2015								2016
	Q1		Q2		Q3		Q4		Q1		Q2		Q3		Q4		Q1
Company driver 1	1,479		1,752		��       1,722		1,703		1,716		1,880		1,795		1,900		1,769
Owner operator 1	7,629		7,604		6,954		6,336		6,294		8,722		10,772		11,967		12,052
Third party 1	5,511		5,948		6,428		7,133		7,514		7,600		6,809		7,436		7,074
Total Miles	14,619		15,304		15,104		15,172		15,524		18,202		19,376		21,303		20,895
Revenue per mile	$	1.92	$	2.07	$	2.09	$	2.20	$	2.09	$	2.05	$	1.92	$	1.87	$	1.81
Cost per mile	$	1.44	$	1.57	$	1.55	$	1.66	$	1.51	$	1.46	$	1.40	$	1.40	$	1.38
¹ - In thousands