Forward Air Corporation Announces Key Executive Promotions

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GREENEVILLE, Tenn.--(BUSINESS WIRE)-- Today, Forward Air Corporation (NASDAQ:FWRD) announced two key promotions within the Company’s senior management team. Effective January 1, 2016, Matthew J. Jewell, the Company’s Executive Vice President of Intermodal Services and Chief Strategy Officer, will be promoted to President – Logistics Services, and Chris C. Ruble, the Company’s Executive Vice President of Operations, will be promoted to President – Expedited Services.

In his new role, Mr. Jewell will continue to lead Central States Trucking Co. and Central States Logistics, Inc. (“CST”), the platform for the Company’s intermodal drayage service offering, and will assume leadership for Total Quality, Inc. (“TQI”) and Forward Air’s expedited full truckload service offering (“TLX”). In his new role, Mr. Ruble will continue to lead Forward Air’s expedited airport-to-airport and Forward Air Complete® service offerings.

“Matt and Chris are talented leaders who have made significant contributions to Forward Air and who have played critical leadership roles in our growth,” said Bruce A. Campbell, Chairman, President and Chief Executive Officer of Forward Air. “I look forward to working with both of them in their new roles as we continue to drive superior results and long term value for our shareholders. On behalf of our entire Forward Air family, I congratulate Matt and Chris on their well-deserved promotions.”

Mr. Jewell joined Forward Air in 2002 and served as Senior Vice President and General Counsel until 2008. In 2008, he was promoted to Executive Vice President and Chief Legal Officer, and in 2014 he was promoted to Executive Vice President of Intermodal Services and Chief Strategy Officer.

Mr. Ruble joined Forward Air in 1996 as a Terminal Manager and was promoted to Regional Vice President in 1997. In 2001, he was promoted to the Company’s Senior Vice President of Operations, and in 2007 he was promoted to Executive Vice President, Operations.

About Forward Air Corporation

Forward Air Corporation operates three business segments: Forward Air, Forward Air Solutions and Total Quality.

Through our Forward Air segment, we provide time-definite surface transportation and related logistics services to the North American expedited ground freight market. Our licensed property broker utilizes qualified motor carriers, including our own, and other third-party transportation companies, to offer our customers local pick-up and delivery (Forward Air Complete®) and scheduled surface transportation of cargo as a cost-effective, reliable alternative to air transportation. We transport cargo that must be delivered at a specific time but is less time-sensitive than traditional air freight. This type of cargo is frequently referred to in the transportation industry as deferred air freight. We also offer our customers an array of logistics and other services including: expedited full truckload (TLX); dedicated fleets; warehousing; customs brokerage; and shipment consolidation, deconsolidation and handling. Also included in the Forward Air segment are the services performed by Central States Trucking Co. and Central States Logistics, Inc. (“CST”), which we acquired in 2014. CST provides intermodal drayage, devanning, transloading and warehousing services.

Forward Air Solutions (“FASI”), which we formed in July 2007, provides pool distribution services throughout the Mid-Atlantic, Southeast, Midwest and Southwest continental United States. Pool distribution involves managing high-frequency, last mile handling and distribution of time-sensitive products to numerous destinations in specific geographic regions. Our primary customers for pool distribution are regional and nationwide distributors and specialty retailers, such as mall, strip mall and outlet-based retail chains.

Total Quality (“TQI”), which we acquired in March 2013, provides maximum security and temperature-controlled logistics services, primarily truckload services, to the life sciences sector (pharmaceutical and biotechnology products). In addition to core pharmaceutical services and other cold chain services, TQI provides truckload and less-than-truckload brokerage transportation services.

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. 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.

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

Source: Forward Air Corporation

Released December 11, 2015