Forward Air (FWRD) 8-K Regulation FD Disclosure

Expedited LTL Operating Statistics*
	Three months ended
	March 31,		June 30,		September 30,		December 31,		March 31,		June 30,		September 30,		December 31,
	2016		2016		2016		2016		2017		2017		2017		2017
Workdays	64		64		64		63		64		64		63		63
Tonnage
Total pounds ¹	563,727		606,033		588,929		612,098		566,454		625,765		636,009		684,828
Pounds per day ¹	8,808		9,469		9,202		9,716		8,851		9,778		10,095		10,870
Shipments
Total shipments	876,476		964,756		909,787		1,006,256		896,311		1,010,114		986,632		1,143,328
Shipments per day	13,695		15,074		14,215		15,972		14,005		15,783		15,661		18,148
Total shipments with pickup and/or delivery	177,973		206,406		195,594		202,452		210,002		243,969		242,902		246,523
Revenue per hundredweight	$	21.73	$	21.83	$	22.26	$	21.87	$	22.53	$	21.99	$	21.94	$	22.13
Revenue per hundredweight, ex fuel	20.93		20.89		21.20		20.85		21.31		20.82		20.83		20.83
Revenue per shipment	140		137		144		133		142		136		141		133
Revenue per shipment, ex fuel	135		131		137		127		135		129		134		125
Weight per shipment	643		628		647		608		632		619		645		599
1 In thousands
* Does not reflect impact of ASC 606, Revenue from Contracts with Customers

Truckload Premium Services Operating Statistics*
	Three months ended
	March 31,		June 30,		September 30,		December 31,		March 31,		June 30,		September 30,		December 31,
	2016		2016		2016		2016		2017		2017		2017		2017
Total Miles¹	20,895		21,598		23,225		23,822		22,732		24,445		24,707		24,713
Empty Miles Percentage	11.7%		10.7%		10.5%		10.4%		10.2%		10.0%		9.6%		8.8%
Tractors (avg)	444		413		419		397		408		397		354		340
Miles per tractor per week	3,677		4,086		4,330		4,762		4,353		4,810		5,539		5,769
Revenue per mile	$	1.81	$	1.77	$	1.78	$	1.8	$	1.79	$	1.79	$	1.79	$	1.81
Cost per mile	$	1.38	$	1.34	$	1.37	$	1.42	$	1.38	$	1.4	$	1.44	$	1.51
1 In thousands
* Does not reflect impact of ASC 606, Revenue from Contracts with Customers

Intermodal Operating Statistics*
	Three months ended
	March 31,		June 30,		September 30,		December 31,		March 31,		June 30,		September 30,		December 31,
	2016		2016		2016		2016		2017		2017		2017		2017
Intermodal shipments	29,401		30,004		33,948		34,363		34,754		45,131		69,552		73,459
Revenue per Shipment	$	525.65	$	507.71	$	523.65	$	512.73	$	527.79	$	659.07	$	535.11	$	519.11
Number of Locations	13		13		13		13		13		19		19		19
* Does not reflect impact of ASC 606, Revenue from Contracts with Customers

Pool Operating Statistics*
	Three months ended
	March 31,		June 30,		September 30,		December 31,		March 31,		June 30,		September 30,		December 31,
	2016		2016		2016		2016		2017		2017		2017		2017
Cartons¹	13,541		14,107		17,950		24,144		18,691		18,078		19,256		26,172
Revenue per Carton	$	2.45	$	2.23	$	2.03	$	1.97	$	2.02	$	2.04	$	2.03	$	1.93
Terminals	29		28		28		28		28		28		28		28
1 In thousands
* Does not reflect impact of ASC 606, Revenue from Contracts with Customers