exhibit99

Operating revenue for the quarter ended September 30, 2008 increased 24.2% to $121.5 million from $97.8 million for the same quarter in 2007. Income from operations was $19.3 million, compared with $16.9 million for the third quarter of 2007, an increase of 14.2%. As a percent of operating revenue, income from operations decreased to 15.9% from 17.3% for the same quarter last year. Net income during the period increased by $1.3 million, or 12.5%, to $12.1 million from $10.8 million in the third quarter of 2007. Income per diluted share from operations for the third quarter of 2008 was $0.42 compared with $0.36 in the same quarter in 2007, an increase of 16.7%.

Operating revenue for the nine months ended September 30, 2008 increased 26.1% to $351.0 million from $278.3 million for the same period in 2007. Income from operations was $56.2 million, compared with $51.1 million in the prior-year period, an increase of 10.2%. As a percent of operating revenue, income from operations decreased to 16.0% for the first nine months of 2008 from 18.4% in 2007. Net income during the period increased 5.2% to $34.2 million from $32.5 million in the prior-year period. Income per diluted share from operations for the first nine months of 2008 was $1.18 compared with $1.08 in the prior-year period, an increase of 9.3%.

Commenting further, Mr. Campbell said, “On September 8th our Forward Air Solutions segment completed the acquisition of Spartanburg, South Carolina based pool transportation provider Service Express. This acquisition adds 5 new terminals in cities that compliment our geographic footprint in the Southeast and Mid-Atlantic. In our existing pool business, the quarter saw several organic sales wins and we were able to make great progress toward completing the integration of our late first quarter acquisition of Pinch Transportation. Our people are working hard to position Solutions for success in 2009, regardless of the economic environment.”

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.

Forward Air Corporation
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)

	Three months ended						Nine months ended
	September 30,			September 30,			September 30,			September 30,
	2008			2007			2008			2007

Operating revenue:
Forward Air
Airport-to-airport	$	85,901		$	75,671		$	257,147		$	227,128
Logistics		15,597			11,785			42,688			30,650
Other		6,487			5,220			18,464			15,399
Forward Air Solutions
Pool distribution		13,499			5,070			32,685			5,070
Total operation revenue		121,484			97,746			350,984			278,247

Operating expenses:
Purchased transportation
Forward Air
Airport-to-airport		33,388			29,779			98,432			90,049
Logistics		11,227			9,255			31,224			23,551
Other		1,764			1,530			4,941			4,303
Forward Air Solutions
Pool distribution		2,505			720			5,743			720
Total purchased transportation		48,884			41,284			140,340			118,623
Salaries, wages and employee benefits		28,504			22,026			84,355			61,004
Operating leases		6,183			4,474			16,918			12,091
Depreciation and amortization		4,134			2,855			11,830			7,729
Insurance and claims		1,816			1,649			5,690			5,251
Fuel expense		3,052			578			8,466			1,088
Other operating expenses		9,583			7,976			27,146			21,404
Total operating expenses		102,156			80,842			294,745			227,190
Income from operations		19,328			16,904			56,239			51,057

Other (expense) income:
Interest expense		(210	)		(55	)		(839	)		(136	)
Other, net		115			304			325			1,525
Total other (expense) income		(95	)		249			(514	)		1,389
Income before income taxes		19,233			17,153			55,725			52,446
Income taxes		7,136			6,400			21,519			19,925
Net income	$	12,097		$	10,753		$	34,206		$	32,521

Net income per share:
Basic	$	0.42		$	0.36		$	1.19		$	1.09
Diluted	$	0.42		$	0.36		$	1.18		$	1.08
Weighted average shares outstanding:
Basic		28,871			29,472			28,782			29,868
Diluted		29,139			29,866			29,067			30,229

Dividends	$	0.07		$	0.07		$	0.21		$	0.21

Forward Air Corporation
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
(Unaudited)

	September 30,		December 31,
	2008		2007 (a)
Assets
Current assets:
Cash	$	17,591	$	4,909
Accounts receivable, net		72,263		59,734
Other current assets		8,113		6,807
Total current assets		97,967		71,450

Property and equipment		174,263		158,354
Less accumulated depreciation and amortization		60,247		55,322
Total property and equipment, net		114,016		103,032
Goodwill and other acquired intangibles:
Goodwill		54,957		36,053
Other acquired intangibles, net		35,953		29,991
Total goodwill and other acquired intangibles		90,910		66,044
Other assets		2,029		1,358
Total assets	$	304,922	$	241,884

Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	11,175	$	11,714
Accrued expenses		17,220		14,274
Current portion of debt and capital lease obligations		2,416		830
Total current liabilities		30,811		26,818

Debt and capital lease obligations, less current portion		54,565		31,486
Other long-term liabilities		3,319		4,476
Deferred income taxes		7,785		7,371

Shareholders’ equity:
Common stock		289		286
Additional paid-in capital		8,565		--
Retained earnings		199,588		171,447
Total shareholders’ equity		208,442		171,733
Total liabilities and shareholders’ equity	$	304,922	$	241,884

Forward Air Corporation
Condensed Consolidated Statement of Cash Flows
(In thousands)
(Unaudited)

	Nine months ended
	September 30,			September 30,
	2008			2007
Operating activities:
Net income	$	34,206		$	32,521
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization		11,830			7,729
Share-based compensation		4,571			2,429
Loss (gain) on sale of property and equipment		36			(215	)
Provision for loss (recovery) on receivables		245			(23	)
Provision for revenue adjustments		3,273			1,801
Deferred income taxes		635			1,212
Increase in income taxes payable to stock options exercised		(1,148	)		(362	)
Changes in operating assets and liabilities, net of acquisitions
Accounts receivable		(16,092	)		(6,727	)
Prepaid expenses and other current assets		(1,932	)		3,913
Accounts payable and accrued expenses		2,398			1,478
Net cash provided by operating activities		38,022			43,756

Investing activities:
Proceeds from disposal of property and equipment		46			327
Purchases of property and equipment		(12,680	)		(44,613	)
Proceeds from sales or maturities of available-for-sale securities		--			133,310
Purchases of available-for-sale securities		--			(82,260	)
Acquisition of businesses		(29,299	)		(12,983	)
Other		(167	)		(881	)
Net cash used in investing activities		(42,100	)		(7,100	)

Financing activities:
Payments of debt and capital lease obligations		(1,172	)		(207	)
Borrowing on line of credit		45,000			--
Payments on line of credit		(25,000	)		--
Proceeds from exercise of stock options		3,085			881
Payments of cash dividends		(6,062	)		(6,293	)
Common stock issued under employee stock purchase plan		145			138
Repurchase of common stock		--			(31,220	)
Cash settlement of share-based awards for minimum tax withholdings		(384	)		(242	)
Tax benefit for stock options exercised		1,148			362
Net cash provided by (used in) financing activities		16,760			(36,581	)
Net increase in cash		12,682			75
Cash at beginning of period		4,909			8,231
Cash at end of period	$	17,591		$	8,306

Forward Air Corporation
Segment Information
(In millions)
(Unaudited)

	Three months ended
	September 30,			Percent of		September 30,		Percent of
	2008			Revenue		2007		Revenue
Operating revenue
Forward Air	$	108.6		89.4	%	$	92.7	94.8	%
FASI		13.6		11.2			5.1	5.2
Intercompany Eliminations		(0.7	)	(0.6	)		--	--
Total		121.5		100.0			97.8	100.0

Purchased transportation
Forward Air		46.5		42.8			40.6	43.8
FASI		3.1		22.8			0.7	13.7
Intercompany Eliminations		(0.7	)	100.0			--	--
Total		48.9		40.2			41.3	42.2

Salaries, wages and employee benefits
Forward Air		23.0		21.2			19.7	21.3
FASI		5.5		40.5			2.3	45.1
Total		28.5		23.5			22.0	22.5

Operating leases
Forward Air		4.7		4.3			4.1	4.4
FASI		1.5		11.0			0.4	7.8
Total		6.2		5.1			4.5	4.6

Depreciation and amortization
Forward Air		3.6		3.3			2.6	2.8
FASI		0.5		3.7			0.3	5.9
Total		4.1		3.4			2.9	3.0

Insurance and claims
Forward Air		1.7		1.6			1.5	1.6
FASI		0.1		0.7			0.1	2.0
Total		1.8		1.5			1.6	1.6

Fuel expense
Forward Air		1.6		1.5			0.3	0.3
FASI		1.5		11.0			0.3	5.9
Total		3.1		2.5			0.6	0.6

Other operating expenses
Forward Air		8.2		7.5			7.4	8.0
FASI		1.4		10.3			0.6	11.8
Total		9.6		7.9			8.0	8.2

Income from operations
Forward Air		19.3		17.8			16.5	17.8
FASI		0.0		0.0			0.4	7.8
Total	$	19.3		15.9	%	$	16.9	17.3	%

Forward Air Corporation
Segment Information
(In millions)
(Unaudited)

	Nine months ended
	September 30,			Percent of		September 30,		Percent of
	2008			Revenue		2007		Revenue
Operating revenue
Forward Air	$	319.8		91.1	%	$	273.2	98.2	%
FASI		32.8		9.4			5.1	1.8
Intercompany Eliminations		(1.6	)	(0.5	)		--	--
Total		351.0		100.0			278.3	100.0

Purchased transportation
Forward Air		134.6		42.1			117.9	43.2
FASI		7.3		22.3			0.7	13.7
Intercompany Eliminations		(1.6	)	100.0			--	--
Total		140.3		40.0			118.6	42.6

Salaries, wages and employee benefits
Forward Air		70.3		22.0			58.7	21.5
FASI		14.1		43.0			2.3	45.1
Total		84.4		24.1			61.0	21.9

Operating leases
Forward Air		13.6		4.2			11.7	4.3
FASI		3.3		10.0			0.4	7.8
Total		16.9		4.8			12.1	4.3

Depreciation and amortization
Forward Air		10.6		3.3			7.4	2.7
FASI		1.2		3.6			0.3	5.9
Total		11.8		3.4			7.7	2.8

Insurance and claims
Forward Air		5.1		1.6			5.2	1.9
FASI		0.6		1.8			0.1	2.0
Total		5.7		1.6			5.3	1.9

Fuel expense
Forward Air		4.8		1.5			0.8	0.3
FASI		3.7		11.3			0.3	5.9
Total		8.5		2.4			1.1	0.4

Other operating expenses
Forward Air		23.7		7.4			20.8	7.6
FASI		3.5		10.7			0.6	11.8
Total		27.2		7.7			21.4	7.7

Income (loss) from operations
Forward Air		57.1		17.9			50.7	18.5
FASI		(0.9	)	(2.7	)		0.4	7.8
Total	$	56.2		16.0	%	$	51.1	18.4	%

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.