-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BoVfpHeCHvUCCB4hXleCeDQAPSkGQlsPqwToBewUUd7Y+On9tBuaSFPsmIbdDvBA bdNgGslVYen9Muqgrl0KLg== 0000912728-10-000004.txt : 20100208 0000912728-10-000004.hdr.sgml : 20100208 20100208161420 ACCESSION NUMBER: 0000912728-10-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100208 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20100208 DATE AS OF CHANGE: 20100208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FORWARD AIR CORP CENTRAL INDEX KEY: 0000912728 STANDARD INDUSTRIAL CLASSIFICATION: ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731] IRS NUMBER: 621120025 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22490 FILM NUMBER: 10581103 BUSINESS ADDRESS: STREET 1: 430 AIRPORT RD CITY: GREENEVILLE STATE: TN ZIP: 37745 BUSINESS PHONE: 4236367000 MAIL ADDRESS: STREET 1: P.O. BOX 1058 CITY: GREENEVILLE STATE: TN ZIP: 37744 FORMER COMPANY: FORMER CONFORMED NAME: LANDAIR SERVICES INC DATE OF NAME CHANGE: 19930928 8-K 1 form8k.htm FORWARD AIR CORPORATION FORM 8-K form8k.htm


 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 8, 2010 (February 8, 2010)

 
FORWARD AIR CORPORATION
(Exact name of registrant as specified in its charter)


Tennessee
 
000-22490
 
62-1120025
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(I.R.S. Employer
Identification No.)

430 Airport Road
Greeneville, Tennessee
 
 
37745
(Address of principal executive offices)
 
(Zip Code)



Registrant's telephone number, including area code: (423) 636-7000

 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



SECTION 7.  REGULATION FD DISCLOSURES.
 
Item 7.01.  Regulation FD Disclosures.

Exhibit 99.1 contains certain historical operating statistics of Forward Air Corporation.  This information is being furnished pursuant to this Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, whether made before or after the date hereof, except as expressly set forth by specific reference in such filing to this Current Report on Form 8-K.
 
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished as part of this Report.

No.
 
Exhibit
99.1
Forward Air Inc. Historical Operating Statistics.

2

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
     
FORWARD AIR CORPORATION
 
 
 
Date: February 8, 2010
 
By: 
/s/ Rodney L. Bell
     
Rodney L. Bell
Chief Financial Officer, Senior Vice President and Treasurer

3


 
EXHIBIT INDEX

No.
 
Exhibit
99.1
Forward Air Inc. Historical Operating Statistics.




EX-99.1 2 exhibit99_1.htm FORWARD AIR CORPORATION EXHIBIT 99.1 exhibit99_1.htm
Forward Air Corporation
                                               
Forward Air Inc. Operating Statistics
                                           
                                                 
                                                 
  Three months ended
  Dec 31,
Sep 30,
Jun 30,
 
Mar 31,
 
Dec 31,
Sep 30,
June 30,
 
Mar 31,
 
Dec 31,
Sep 30,
Jun 30,
 
Mar 31,
 
2009
 
2009
 
2009
 
2009
 
2008
 
2008
 
2008
 
2008
 
2007
 
2007
 
2007
 
2007
                                                 
Operating ratio
 
89.2
 
91.6
 
93.0
 
95.4
 
86.7
 
82.2
 
81.3
 
82.9
 
82.4
 
82.2
 
80.3
 
81.9
                                                 
Business days
 
64.0
 
64.0
 
64.0
 
63.0
 
63.0
 
64.0
 
64.0
 
64.0
 
64.0
 
63.0
 
64.0
 
64.0
Business weeks
 
12.8
 
12.8
 
12.8
 
12.6
 
12.6
 
12.8
 
12.8
 
12.8
 
12.8
 
12.6
 
12.8
 
12.8
                                                 
                                                 
Airport-to-airport:
                                               
Tonnage
                                               
    Total pounds ¹
 
398,921
 
357,768
 
357,678
 
338,602
 
407,162
 
441,269
 
459,637
 
435,895
 
459,123
 
405,503
 
405,166
 
400,751
    Average weekly pounds ¹
31,166
 
27,951
 
27,944
 
26,873
 
32,314
 
34,474
 
35,909
 
34,054
 
35,869
 
32,183
 
31,654
 
31,309
                                                 
Linehaul shipments
                                               
    Total linehaul
 
565,922
 
511,959
 
514,452
 
502,890
 
557,260
 
568,031
 
594,612
 
575,396
 
611,808
 
558,515
 
579,479
 
569,095
    Average weekly
 
44,213
 
39,997
 
40,192
 
39,912
 
44,227
 
44,377
 
46,454
 
44,953
 
47,798
 
44,327
 
45,272
 
44,461
                                                 
Forward Air Complete shipments
71,442
 
73,696
 
67,109
 
53,889
 
56,930
 
53,161
 
46,172
 
46,119
 
21,601
 
13,366
 
16,077
 
8,145
As a percentage of linehaul shipments
12.6
 
14.4
 
13.0
 
10.7
 
10.2
 
9.4
 
7.8
 
8.0
 
3.5
 
2.4
 
2.8
 
1.4
                                                 
Average linehaul shipment size
705
 
699
 
695
 
673
 
731
 
777
 
773
 
758
 
750
 
726
 
699
 
704
                                                 
Revenue per pound ²
                                               
    Linehaul yield
 
15.84
 
15.91
 
15.93
 
16.61
 
16.52
 
16.39
 
16.53
 
16.77
 
17.13
 
17.28
 
17.59
 
17.35
    Fuel surcharge impact
 
0.96
 
0.93
 
0.69
 
0.73
 
1.43
 
2.15
 
1.89
 
1.37
 
1.13
 
1.02
 
1.07
 
0.95
    Forward Air Complete impact 
    
1.62
 
1.83
 
1.64
 
1.32
 
1.21
 
1.17
 
0.98
 
0.69
 
0.48
 
0.36
 
0.40
 
0.22
Total airport-to-airport yield
18.42
 
18.67
 
18.26
 
18.66
 
19.16
 
19.71
 
19.40
 
18.83
 
18.74
 
18.66
 
19.06
 
18.52
                                                 
                                                 
Logistics:
                                               
Miles
                                               
    Owner operator ¹
 
6,421
 
6,111
 
6,211
 
5,594
 
5,408
 
4,812
 
5,005
 
3,615
 
3,655
 
3,145
 
2,970
 
2,047
    Third party ¹
 
3,220
 
2,288
 
1,800
 
2,621
 
4,605
 
3,618
 
3,593
 
3,844
 
4,061
 
4,381
 
3,949
 
2,764
Total Miles
 
9,641
 
8,399
 
8,011
 
8,215
 
10,013
 
8,430
 
8,598
 
7,459
 
7,716
 
7,526
 
6,919
 
4,811
                                                 
Revenue per mile
$
1.62
 
1.58
 
1.54
 
1.61
 
1.69
 
1.80
 
1.80
 
1.67
 
1.56
 
1.57
 
1.54
 
1.70
 
                                               
Cost per mile
$
1.25
 
1.23
 
1.19
 
1.25
 
1.33
 
1.33
 
1.26
 
1.23
 
1.19
 
1.23
 
1.18
 
1.28
 
 
¹ - In thousands.
² - In cents per pound; percentage change is expressed as a percent of total yield.
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