Industry & Services >> CEO Interviews >> October 30, 2000

W. Marvin Rush – Rush Enterprises Inc (rush)

W. MARVIN RUSH, Chairman and CEO of Rush Enterprises, Inc., became familiar with the transportation industry early in life. His father privately owned and operated a public bus company in Houston, Texas. Mr. Rush's after-school hours and summers were spent learning the business. His training from the bottom up equipped him well to take over and serve four years as the Vice President and General Manager of Pioneer Bus Company. In 1961, Mr. Rush joined Hausman Bus Sales as Vice President of Sales. Hausman Bus Sales was the largest exporter of used buses in the world, and he traveled extensively in Central and South America. Mr. Rush left this position in 1965, after receiving a truck franchise from GMC Truck and Coach Division of General Motors. He founded Rush Enterprises in 1965. The company operates a regional network of truck centers that provide an integrated one-stop source for the trucking needs of its customers, including retail sales of new Peterbilt and used heavy-duty trucks, parts, service and body shop facilities; and a wide array of financial services, including the financing of new and used truck purchases, insurance products, and truck leasing and rentals. In June 1996, Rush Enterprises was the first auto or truck dealer organization in the United States to complete a successful IPO. Also in 1996, Mr. Rush diversified Rush Enterprises, Inc. to include John Deere heavy-duty construction equipment dealerships. In 1998 he again led the company to diversify by entering the farming and ranching market with the purchase of D & D Farm and Ranch Supermarket in Seguin, Texas. And in September 2000, Rush Retail Centers purchased Smith Brothers, Inc. of Denton, Texas, and has integrated its catalog and Internet service into D & D, Denton/Smith Brothers. Currently, Mr. Rush serves on the Board of Directors of Mission National Bank. Profile
TWST: Could we begin with an overview of Rush Enterprises?

Mr. Rush: We are in the Peterbilt truck business, operating under the

name of Rush Truck Centers. We have 34 retail locations in our