Exhibit 99.1

                 Forward Air Corporation Announces Two
 Million Share Repurchase Authorization and Declaration of Quarterly
                            Cash Dividend

    GREENEVILLE, Tenn.--(BUSINESS WIRE)--July 31, 2007--Forward Air
Corporation (NASDAQ:FWRD) today announced that its Board of Directors
has approved a stock repurchase program for up to two million shares
of the Company's common stock. This repurchase authorization is in
addition to the approximately 634,000 shares remaining for repurchase
under the Company's 2005 stock repurchase program.

    The amount and timing of any repurchases will be at such prices as
determined by management of the Company. Share repurchases may be
commenced or suspended from time to time for any reason. The Company
currently has approximately 29.5 million shares of common stock
outstanding.

    Additionally, the Company today announced that its Board of
Directors has declared a quarterly cash dividend of $0.07 per share of
common stock. The dividend is payable to shareholders of record at the
close of business on August 30, 2007, and is expected to be paid on
September 14, 2007.

    This quarterly dividend is pursuant to a cash dividend policy
approved by the Board of Directors, which anticipates a total annual
dividend of $0.28 per share of common stock, payable in quarterly
increments of $0.07 per share of common stock. The actual declaration
of future cash dividends, and the establishment of record and payment
dates, is subject to final determination by the Board of Directors
each quarter after its review of the Company's financial performance.

    About Forward Air

    Forward Air is a high-service-level contractor to the air cargo
industry providing time-definite ground transportation services
through a network of 81 terminals located on or near major airports in
the United States and Canada. The Company provides these services as a
cost-effective alternative to air transportation of cargo that must be
delivered at a specific time but is relatively less time-sensitive
than traditional air freight or when air transportation is not
economical.

    Important Information

    This press release contains "forward-looking statements," as
defined in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are statements other than historical
information or statements of current condition and relate to future
events or our future financial performance. Some forward-looking
statements may be identified by use of such terms as "believes,"
"anticipates," "intends," "plans," "estimates," "projects" or
"expects." Such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied
by such forward-looking statements. The following is a list of
factors, among others, that could cause actual results to differ
materially from those contemplated by the forward-looking statements:
economic factors such as recessions, inflation, higher interest rates
and downturns in customer business cycles, our inability to maintain
our historical growth rate because of a decreased volume of freight
moving through our network or decreased average revenue per pound of
freight moving through our network, increasing competition and pricing
pressure, surplus inventories, loss of a major customer, the
creditworthiness of our customers and their ability to pay for
services rendered, our ability to secure terminal facilities in
desirable locations at reasonable rates, the inability of our
information systems to handle an increased volume of freight moving
through our network, changes in fuel prices, claims for property
damage, personal injuries or workers' compensation, employment matters
including rising health care costs, enforcement of and changes in
governmental regulations, environmental and tax matters, the handling
of hazardous materials, the availability and compensation of qualified
independent owner-operators and freight handlers needed to serve our
transportation needs and our inability to successfully integrate
acquisitions. As a result of the foregoing, no assurance can be given
as to future financial condition, cash flows or results of operations.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.


    CONTACT: Forward Air Corporation
             Rodney L. Bell, 423-636-7000
             rbell@forwardair.com