For Fifth Consecutive Year, Forbes Chooses Forward Air Corporation as One of the 200 Best Small Companies.Business Editors GREENEVILLE, Tenn.--(BUSINESS WIRE)--Oct. 16, 2003 Forward Air Corporation (Nasdaq/NM:FWRD) announced today that it has been listed in Forbes Magazine's listing of the "200 Best Small Companies" in America for the fifth year in a row. Forbes editors and staff started with a list of over 3,500 small companies and ranked the 200 best. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forbes, companies must pass a tough selection process in order to make the "Forbes 200 Best" list, including a clear record of earnings and revenue growth as well as return on equity. Chairman and Chief Executive Officer Scott M. Niswonger noted, "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. for Forward Air to be ranked as one of the best small companies in the country by Forbes for the fifth year in a row. We are especially pleased to be one of only 16 companies that have been featured on this prestigious list for 5 or more consecutive years. In this year's survey, which looked at data over the last five years, Forward Air's average return on equity was 24% and average revenue and earnings per share growth were 15% and 16%, respectively. I congratulate all of the Forward Air employees and independent contractors A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. who made this achievement possible." Forward Air Corporation is a high-service-level contractor to the air cargo air cargo: see aviation. industry providing time-definite service in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. This press release may contain statements that might be considered as forward-looking statements or predictions of future operations. Such statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion