Forward Air Corp. 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 November 22, 2009, and is expected to be paid on December 7, 2009. 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.

Forward Air Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $3,779,000, or $0.13 per diluted share, income from operations of $6,671,000, income before income taxes of $6,545,000 on total operating revenue of $103,079,000 compared to net income of $12,097,000, or $0.42 per diluted share, income from operations of $19,328,000, income before income taxes of $19,233,000 on total operating revenue of $121,484,000 for the same period last year. The company reported net cash provided by operating activities of $9,312,000, purchase of property and equipment of $3,803,000 compared to net cash provided by operating activities of $20,867,000, purchase of property and equipment of $7,325,000 for the same period last year. For the nine months, the company reported net income of $3,518,000, or $0.12 per diluted share, income from operations of $6,518,000, income before income taxes of $6,099,000 on total operating revenue of $299,392,000 compared to net income of $34,206,000, or $1.18 per diluted share, income from operations of $56,239,000, income before income taxes of $55,725,000 on total operating revenue of $350,984,000 for the same period last year. The company reported net cash provided by operating activities of $30,707,000, purchase of property and equipment of $18,828,000 compared to net cash provided by operating activities of $38,022,000, purchase of property and equipment of $12,680,000 for the same period last year.

Forward Air Corp. - Conference Presentation Calls