Forward Air, Inc. is a high-service-level contractor to the air cargo industry providing time-definite ground transportation services through a network of 85 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.

Within our Forward Air Inc segment we operate a logistics group. This group consists of TLX which is an asset light expedited truckload brokerage business. It services our primarily the same customer base as our airport-to-airport network. Additionally we offer to these same customers local pick up and delivery service through a product called Forward Air Complete which is non-asset based.

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 19 terminals within the mid-Atlantic, Southeast, Midwest and Southwestern United States.

For the year ended December 31, 2008, we generated record operating revenue of $474.4 million, an increase of 20.1% from $392.7 million in 2007. As a result of the global economic recession our operating income for the year ended December 31, 2008 was $70.3 million, a decrease of 1.1% from $71.1 million in 2007. As a percent of revenue, operating income decreased to 14.8% in 2008 from 18.1%in 2007.