Industry & Services >> Analyst Interviews >> August 2, 2004

TRUCKING & RAILROAD STOCKS: GREGORY BURNS – J.P. MORGAN SECURITIES

GREGORY E. BURNS is a Vice President and Research Analyst at J.P. Morgan Securities covering the airfreight and logistics sectors. Prior to joining J.P. Morgan, Mr. Burns was a Director and Research Analyst at Lazard Freres & Co. Before joining Lazard, Mr. Burns was an analyst at GKM, Schroders, & Merrill Lynch. A Chartered Financial Analyst, Mr. Burns is a member of the New York Society of Security Analysts (NYSSA), the Association of Investment Management and Research (AIMR) and the Council of Logistics Management (CLM). Profile
TWST: What's going on in the trucking marketplace? How have the stocks

done so far this year, and where do we go from here?

Mr. Burns: The stocks have outperformed the flat market. Trucking