Forbes Magazine Chooses Forward Air Corporation as One of the ''200 Best Small Companies''
Forbes Magazine Chooses Forward Air Corporation as One of the ''200 Best Small Companies''
GREENEVILLE, Tenn.--(BUSINESS WIRE)--
Forward Air Corporation (NASDAQ:FWRD) announced today that it has been chosen by Forbes magazine as one of the "200 Best Small Companies" in America.
In compiling its annual list, Forbes ranks companies based upon specific sales, profit margin and profit growth criteria, as well as share price and volume activity. Forward Air ranked 92nd in this year's survey.
Bruce A. Campbell, Chairman, President and CEO commented, "The entire Forward Air team is proud to be ranked once again by Forbes magazine as one of the 200 best small companies in the country. We have been included in this prestigious list for nine out of the last 10 years. Congratulations to all of the Forward Air employees and independent contractors who made this achievement possible."
About Forward Air Corporation
Forward Air Corporation operates two business segments, Forward Air, Inc. and Forward Air Solutions, Inc.
Forward Air, Inc. is a high-service-level contractor to the air cargo industry providing time-definite ground transportation services through a network of 83 terminals located on or near major airports in the United States and Canada. It 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.
Forward Air Solutions, Inc. is a provider of pool distribution services. Pool distribution involves the consolidation and shipment of several smaller less-than-truckload shipments to a common area or region. Once at the regional destination, the loads are deconsolidated, then grouped with other shipments with common delivery points, and delivered in a very precise, time-sensitive manner. Our pool distribution network consists of 20 terminals within the mid-Atlantic, Southeast, Midwest and Southwestern United States.
This press release may contain statements that might be considered as forward-looking statements or predictions of future operations. 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.
Source: Forward Air Corporation
Released October 17, 2008