Industry & Services >> Analyst Interviews >> November 26, 2001
Outlook For Logistics Stocks: John Barnes Iii – Deutsche Banc Alex. Brown
John L. Barnes, III, Managing Director, joined RBC Capital Markets, Equity Research, in June 2009, and he covers the air freight, surface transportation sector, including railroad, truckload and less-than-truckload carriers, as well as freight forwarding, third-party logistics, and dedicated cargo and integrated parcel carriers. Prior to joining the firm, Mr. Barnes followed the industry as a Senior Analyst at BB&T Capital Markets, Credit Suisse First Boston and Deutsche Bank Securities, Inc., where he also covered the machinery industry. Mr. Barnes was recognized as the number four stock picker in heavy machinery and materials in the 2009 The Wall Street Journal "Best on the Street" survey and the number three stock picker in road and rail in the Financial Times/StarMine 2009 annual survey. He was named the "Best Up-and-Coming Analyst" by Institutional Investor in 2002. Mr. Barnes earned a BBA with a concentration in finance from Augusta College. Profile
TWST: Would you begin by giving us an overview of the logistics
industry? How has the sector evolved?
Mr. Barnes: The logistics industry used to be a lot of asset-intensive