Industry & Services >> Sector Roundtables >> September 23, 2002

Roundtable Forum: Transportation & Logistics

SCOTT D. FLOWER is a Managing Director at Salomon Smith Barney covering the air-freight and logistics sectors as well as ground transportation: railroad and trucking sectors. He was previously associated with PaineWebber, Kidder Peabody, Investment Banking and IBM Corporation. Mr. Flower is ranked second among major US brokerage Analysts following the rail and trucking industries in the most recent Greenwich Associates Survey. He received a BS with highest distinction from the University of Virginia and an MBA with distinction from the Wharton School of the University of Pennsylvania. Mr. Flower also completed additional graduate management coursework at the Kellogg School of Northwestern University. Profile
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: John, would you start with the transport section and tell

us what's happened over the past year or so from a market

perspective?

Mr. Barnes: From a market perspective, I think you've had