Transportation & Logistics. Strategic Market Insights Q Report
|
|
- Stewart Lester
- 5 years ago
- Views:
Transcription
1 Strategic Market Insights 2018 Report
2 G2 Insights E-Commerce Driving Change E-Commerce has created a fundamental shift in how consumers purchase goods. Gone are the days of large pallets getting pushed to physical stores, replaced by consumers pulling demand with customized orders. Consumers expect a seamless shopping experience regardless of the retail channel selected, requiring the supply chain to become more integrated and efficient. To cost effectively address the change in demand and provide more transparency into deliveries, service providers are developing new capabilities in automation, data analytics, and software technology. E-Commerce is going to continue transforming the retail experience: 13% E-Commerce sales as a share of total retail sales in % E-Commerce sales as a share of total retail sales growth $454 B 2017 Consumer Spending on online retail 17.5% Increase in E- Commerce Sales through % Increase Total Retail Sales over the last year (up from 2.9%) $62 B Amazon Sales from Online Retail in 2017 Source: US Dept. of Commerce, Digital Commerce 360 The realities of the Amazon effect permeate throughout the E-Commerce eco-system, as their delivery criteria has set the industry standard. Accordingly to a survey conducted by Alix Partners of 1,000 shoppers, more than 50% were Amazon Prime members who expect 2-day shipping. The same survey found that more than 95% of shoppers stated that free shipping impacted purchase decisions. As millennials age, start families and utilize E-Commerce as their primary means of retail purchasing, vendors must keep pace with Amazon: Accounted for 44% of all U.S. E-Commerce sales or 70% of E-Commerce growth in 2017 Captured 4% of all 2017 U.S. retail sales $8B of electronics sales was largest division / Amazon private label reached $450MM Efficiency and scalability are key to successfully compete in today s retail environment. Vendor fulfillment costs have increased by at least 9% of net sales over the last 11 years, prompting change. Some companies are seeking to collaborate through partnerships and alliances to reduce the capital investment required to develop additional capabilities, capacity or density. Others will rely on acquisitions to accelerate the implementation of new tactics to strengthen their market position. Regardless of the approach, we expect to see a significant amount of change as supply chains around the world seek to keep up with the evolution of E-Commerce Vender Delivery Cost 8% of net sales Vendor Fulfillment Cost 9% of net sales Total Cost 17% of 2006 net sales 26% of 2017 net sales Vendor Delivery Cost 12% of net sales Vendor Fulfillment Cost 14% of net sales Source: AlixPartners, Amazon 2
3 G2 Insights Final Mile and Expedited Logistics M&A File mile and expedited logistics are keys segments impacted by E-Commerce with significant M&A activity. Strategics seek to expand capabilities into specialized services, achieve additional scale or enter new geographies. Private equity investors view final mile and expedited logistics as high growth sectors that offer opportunities for significant returns. Over the last twelve months, there have been more than 21 M&A transactions in North America within the final mile and expedited logistics space. Listed below are examples of recent transactions which include several retailers aggressively pursuing opportunities to accelerate the development of their E- Commerce platforms by acquiring established final mile capabilities. 1) Select Strategic Transactions Expanding into the Final Mile Sector a) Metro Supply Chain Group acquired Total E-Com Home Delivery (05/08/2018) Metro Supply Chain Group, a Canadian logistics, warehouse and distribution company acquired Total E-Com, a door-to-door fulfillment of big and bulky online retail purchases b) Ryder System, Inc. (NYSE:R) acquired MXD Group, Inc. (04/03/2018) Ryder, the publicly listed transportation and supply chain management firm, acquired MXD Group, Inc., a home delivery of door-to-door high-value and oversized items, in an effort to combat Amazon s momentum in final mile delivery. Ryder acquired MXD Group for $120MM. c) HEB Grocery Company acquires NeighborFavor, Inc. (2/15/2018) HEB Grocery, a grocery store chain in Texas and Mexico, acquired NeighborFavor, a tech-enabled courier service that delivers orders from grocery stores and restaurants to deliver enhanced convenience to its customer base. d) Target (NYSE: TGT) acquires Shipt Inc. (12/31/2017) Target, the publicly listed superstore, acquired Shipt Inc., the nation s fastest growing grocery marketplace delivering perishable goods nationwide, to accelerate its digital platform with same day delivery. e) Walmart Inc. (NYSE:WMT) acquires Parcel Inc. (10/03/2017) Walmart, the publicly listed supermarket chain, acquired Parcel Inc., a tech-based same day and last mile courier of perishable and non-perishable goods in New York, in an effort to offer same day delivery to Walmart and Jet customers in New York City. 2) Select Private Equity Platform and Add-On Investments within the Final Mile Sector a) Greenbriar Equity Group acquires Lasership, Inc. (04/16/2018) Greenbriar Equity Group, an established private equity firm in the transportation and logistics space, acquired Lasership, a regional asset-light provider of last mile services across a variety of industries. b) Northern Pacific Group recapitalized 1 st Choice Courier (11/14/2017) Northern Pacific Group, a Minnesota-based venture and growth equity firm, recapitalized 1 st Choice Delivery company, a full-service final mile delivery company, and acquired, 4SameDay Couriers, a regional courier service provider. c) DoorDash, Inc. (venture backed) acquired Rickshaw, Inc. (NYSE:9/14/2017) DoorDash Inc., a food delivery courier backed by reputable venture funds such as SoftBank, Sequoia Capital, GIC, and Kleiner Perkins Caufield & Byers, acquired Rickshaw, Inc., a same-day local delivery services company transporting food, gifts, meal subscriptions, and other consumer / E-Commerce related packages. Rickshaw was previously backed by Y Combinator Management. d) Quick International Courier, a Jordan Company platform company, acquires Unitrans Inc. (08/17/2017) Quick International Courier, a platform company of the Jordan Company, a large private equity firm well-versed in the transportation and logistics space, acquired Unitrans, Inc., an expedited intermodal, ocean, air, and brokerage firm. Unitrans was previously a subsidiary of Roadrunner Transportation Systems Inc. (NYSE:RRTS) and was acquired for $95MM. Source: S&P Capital IQ 3
4 G2 Insights The Future of Final Mile Fleet owners have long since sought ways to increase fuel efficiency and reduce maintenance costs. A movement toward electric medium duty, short haul delivery vehicles provide fleet owners with an innovative alternative to traditional fossil fuel-dependent vehicles. The Time for etrucks is Now With considerable time and capital invested toward developing an electric delivery vehicle alternative, etrucks have developed to where total cost of ownership is on par with diesel and alternative powertrains. Infrastructure is increasingly available and emission standards have created regulatory tailwinds. Even though some challenges remain for full fledge adoption, electrification is happening fast and NOW. UPS is a leading player partnering with Workhorse Group (U.S.) and Arrival (UK). In 2017, UPS announced orders of 50 electric vehicles from Workhorse, an etruck manufacturer that estimates its technology could improve fuel efficiency by more than 400%. Recently, UPS announced another test program of 35 vehicles from Arrival, a UK-based electric van producer, in London and Paris. The Company disclosed it has invested more than $750MM in alternative fuel and advanced technology vehicles since Other large players such as USPS, Penske, DHL and Ryder are all following suit and have ordered trucks for pilot programs. Manufacturers such as Daimler and Mercedes Benz are actively testing new capabilities across truck classes to influence the next standard of efficient vehicles. Workhorse and UPS have collaborated to deploy 50 electric, zero-tail pipe emission delivery trucks (left) while Daimler announced its roll out of its Class 4 Fuso ecanter all-electric truck (right). Source: UPS, Workhorse, Daimler, Trucking Info Transportation and Logistics Summary The table below references valuation metrics for select public companies identified in each of the industry s key segments: Logistics, Marine, Rail Services, and Trucking. Public trading multiples range from 9.9x LTM EBITDA for Marine and Trucking companies to 11.0x LTM EBITDA for Rail Services providers. With strong demand for intermodal shipments (expected to grow by 4.2% through 2018) based on higher overall freight volumes and tightened capacity of long-haul trucking, rail services remains the highest valued segment in the public markets. Sector Number of Selected Companies Median Enterprise Value (MM) LTM LTM Median EV / EBITDA Revenue Growth Median Revenue Growth EV / EBITDA Logistics 19 4, % 10.2% 1.1x 10.4x Marine 16 3, % (8.1%) 1.2x 9.9x Rail Services 11 14, % 9.5% 1.8x 11.0x Trucking 17 1, % 11.0% 1.2x 9.9x 1 Compared with values at March 31, LTM Multiples as of March 31, 2018 Sector Summary in Millions USD (converted where necessary) Data sourced from S&P Capital IQ on March 31,
5 Selected Industry Deals 2018 The first quarter of 2018 has been active, with a total of at least 45 deals announced and closed. Driving factors of deal flow were: 1) capacity expansion to address the ELD mandate and driver shortage, 2) geographic expansion, 3) addition of new capabilities, namely the in E-Commerce & final mile segments, and 4) an overall positive macro-economic environment. Below are select few transactions completed during the period. Knight-Swift Transportation acquires Abilene Motor Express (March 2018) Knight-Swift Transportation Holdings, the largest truckload carrier in the United States, acquired Abilene Motor Express, a trucking company with approximately 400 trucks and over $100MM in revenues. This acquisition marks Knight-Swift s first acquisition since its blockbuster merger executed in the third quarter of According to SJ Consulting research, the merger combined the number 1 and 2 largest carriers resulting in a company with just over 2% market share of the U.S. Trucking market, of which the top 25 carriers hold 13%. St. George Trucking & Warehouse acquires Freight Force (March 2018) St. George Logistics, a specialty third party logistics and trucking provider and portfolio company of Windpoint Partners, acquired Freight Force, a first and final mile delivery services provider. The acquisition allows St. George to leverage local and regional motor carriers in over 52 metro areas as well as service more than 2,200 freight forwarders and third party logistics providers. The investment is just one example of trucking and warehousing providers expanding capabilities into the final mile segment to address the significant growth and opportunity in E-Commerce sales. American Industrial Partners acquires Rand Logistics (March 2018) American Industrial Partners, a global private equity firm with over $4.1B in AUM, acquired Rand Logistics, a provider of bulk freight shipping services throughout the Great Lakes Region. The acquisition follows a prepackaged Chapter 11 Plan which leaves the company with a de-levered balance sheet and lower interest expense obligations. American Industrial Partners expects Rand to continue its market leading position in providing shipping and other logistics services of critical raw materials within the Region. Universal Logistics Holdings acquires Fore Transportation (February 2018) Universal Logistics Holdings, an asset-light provider of customized transportation and logistic solutions, acquired Fore Transportation, a Chicago-based intermodal logistic solutions provider. The acquisition allows Universal Logistics to add over 150 trucks and $32MM in revenues. Fore s Chicago operations include a 28-acre terminal adjacent to the Canadian national Railroad and 24/7 secured trailer and container storage for 1,100 units with cross-docking, maintenance and repair, and refrigerated-unit fueling services. GlobalTranz acquires AJR Transportation (January 2018) GlobalTranz Enterprises, a techenabled freight management solution provider, acquired AJR Transportation, a Texas-based freight brokerage and logistics firm. The acquisition allows GlobalTranz to expand and strengthen its operations in the Southwest. Prior to the transaction, AJR Transportation used GlobalTranz as a freight agent for five years, providing back-office support with a robust technology platform. GlobalTranz has been highly acquisitive as AJR Transportation represents its fifth acquisition in 12 months. Other acquisitions include: Apex Logistics (Utah-based), Global Freight Source (Milwaukee-based), Logistics Planning Services (Minneapolis-based), and Worthington Logistics (Richmond-based). Source: Transportation Topics, S&P Capital IQ 5
6 EV / EBITDA Index Transportation & Logistics Market Indicators Market Index Trends The Transportation sector has recovered considerably over the last 12 months, outgrowing the S&P500 over of % 110.0% 90.0% 70.0% 50.0% 30.0% 10.0% (10.0%) '12 '12 '13 '13 '13 '13 '14 '14 '14 '14 '15 '15 '15 '15 '16 '16 '16 '16 '17 '17 '17 '17 S&P 500 Transportation (Industry Group) S&P 500 Last 5 Year EV / EBITDA Trend by Industry Data sourced from S&P Capital IQ on March 31, 2018 Though still tracking below the S&P 500 EV/EBITDA multiple average, the industry has begun to slowly increase its averages since 2016, led by the Logistics segment followed by Marine and Rail segments. The fragmented trucking sector has seen an increase linked to rising prices and capacity constraints. 15.0x 10.0x 5.0x 0.0x '13 '13 '14 '14 '15 '15 '16 '16 '17 '17 '18 S&P 500 Logistics Marine Rail Services Trucking Data sourced from S&P Capital IQ on March 31,
7 Selected Ongoing G2 Projects G2 has a robust backlog of mandates ranging across its sell-side, buy-side, capital markets, and restructuring service offerings. Project Panther Sell-Side Third Party Logistics and Supply Chain Distribution Project Panther G2 is currently advising a leading integrated supply chain and logistics provider supporting both Canadian and U.S. customers in a sale of the business. The Company provides warehousing, distribution, dedicated contract carriage, as well as international and domestic transportation management solutions Project Intersect Growth Equity Financing Third Party Logistics and Freight Management Project Intersect G2 is currently advising a tech-enabled hardware solution in a growth equity financing. The product makes trucks more efficient and will be integral in supporting centralized fleet management and the connected truck. The Company is seeking new investors to support the business into it s next stage of development. Project Twilight Strategic Alternatives Assessment Logistics, Brokerage, and Freight Management Project Twilight G2 is currently advising a logistics, brokerage, and freight management company on a review and assessment of its business and strategy as well as how the Company compares against its peer group. 7
8 G2 Overview Ron Lentz, Managing Director G2 Capital Advisor s Transportation & Logistics industry Practice Leader, Ron Lentz, brings 25+ years of C-level leadership and operating experience to the Transportation & Logistics practice group. Company Title Role CEO EVP COO COO CEO EVP Restructured operations of international freight forwarder and acquired 11 companies in 18 months before selling the parent at 4.5x premium. Doubled the size of company sales and EBITDA in 18 months before selling at a 2.5x premium. Restructured and recapitalized the company, before selling for $400 million. Restructured platform company for a private equity group before selling for $658 million representing a 6x return on initial investment. Co-founded the business in 2000, building the company from start-up to $150 million in revenues in 18 months then sold to private equity firm in Built Ryder s 3PL division from $100 million revenues in 1988 to $2.4 billion in Ron Lentz Practice Leader Transportation & Logistics G2 Overview Christopher Casteleyn, Vice President G2 Capital Advisor s Transportation & Logistics industry Vice President, Christopher Casteleyn, brings 13+ years of experience in finance, specializing in providing advisory services for merger, acquisition, and divestiture transactions as well as strategic assessments. Christopher has significant experience executing cross-border and private company transactions within the Transportation & Logistics practice group. Company Title Role Antares International Partners, Inc. VP Involved in all aspects of M&A and divestiture processes including sourcing, positioning, and negotiating transactions. Executed over $1B in total transaction value over 5 years. FP&A Specialized in a variety of finance and technical accounting roles including Strategy, Operational Finance, SEC Reporting, Internal Audit, Sarbanes Oxley Compliance, Financial Planning and Analysis and Treasury / Cash Management. Chris Casteleyn Vice President Transportation & Logistics 8
9 Reference G2 Team Ron Lentz, Managing Director Jeffrey Unger, CEO Christopher Casteleyn, Vice President Jake Cunnane, Analyst Term Definition Revenue Total revenue from the sale of goods and services rendered during the reporting period, in normal course of business, reduced by sales returns and allowances, and sales discounts. For banks, this item is defined as net interest income after loan loss provisions EBITDA Market Cap Long-Term Debt Net Debt Earnings before interest, taxes, depreciation, and amortization. Calculated as Revenue Expenses, excluding interest, taxes, depreciation and amortization Market value of a company using most recently reported basic weighted average shares outstanding. Calculated as Market Price (as of period end) * Basic Weighted Average Shares Outstanding Sum of the carrying values as of the balance sheet date of long-term debt with a maturity beyond one year or the normal operating cycle, if longer Net Debt shows the company s overall debt situation by netting the value of debts with cash and other similar liquid assets. Calculated as Total Debt Cash & Cash Equivalents and Short Term Investments Enterprise Value Enterprise Value represents the combined economic value of a company as of the most recent fiscal year end. Calculated as Diluted Market Capitalization + Total Debt + Minority Interest + Preferred Stock Cash and Short Term investments P/E A valuation ratio of a company stock price compared to its per share earnings. Calculated as Market Price / Earnings per Share for the last annual period Tangible Book Value Total Shareholder s Equity Goodwill and Intangible Assets For more information about G2, please visit: Our corporate headquarters is located at: 535 Boylston Street, 11 th Floor, Boston, MA Boston Chicago Indianapolis Naples San Francisco The information included in this Presentation is not a complete analysis of all material facts regarding any company, industry, or security and does not constitute investment advice. Opinions expressed or implied by the materials here presented reflect only the judgement of its author as of the date of the Presentation and is subject to change without notice. The information in this Presentation has been obtained from sources which G2 generally considers reliable, but we make no representation or warranty, express or implied, as to the accuracy or completeness of any information herein. This Presentation has been prepared for informational purposes only and upon the express understanding that it will be used only for the purposes set forth in the Section captioned G2 Overview above. G2 expressly disclaims any and all liability which may be based on such information, errors therein or omissions there from. Securities offered through Western International Securities, Inc. Member FINRA & SiPC. G2 Securities and Western International Securities are separate and unaffiliated entities. 9
Transportation & Logistics
Transportation & Logistics STRATEGIC MARKET INSIGHTS 2018 REPORT G2 Insights Private Equity Environment Continued Strength Across T&L The M&A market in the sector remains highly active, reaching over $6.9B
More informationTransportation & Logistics. Strategic Market Insights Q Report
Strategic Market Insights 2017 Report G2 Insights Blockchain Simplified The Transportation & Logistics industry continues to be shaped by technology and has begun to explore the use of blockchain. Below
More informationTransportation & Logistics. Strategic Market Insights Q Report
Strategic Market Insights 2018 Report National Average Van Rate (USD / Mile) Transportation & Logistics G2 Insights Truck Driver Shortage Against a backdrop of surging demand for shipping services, the
More informationTechnology & Business Services
Strategic Market Insights Q4 2017 Report Select Acquisitions Niche / SME Servicers Blue-chip Partners Product Leaders Technology & Business Services G2 Insights Cloud Computing Services Executive Summary
More informationTECHNOLOGY & BUSINESS SERVICES
TECHNOLOGY & BUSINESS SERVICES STRATEGIC MARKET INSIGHTS 2018 REPORT EV / EBITDA EV / Total Revenue G2 Insights Specialty Consulting Specialty consulting firms provide talented industry professionals who
More informationTechnology & Business Services
Strategic Market Insights 2018 Report G2 Insights Salesforce Consulting and Implementation Customer relationship management services have existed for decades, but the growth and complexity that characterize
More informationTechnology & Business Services
Strategic Market Insights Q1 2018 Report G2 Insights Digital Transformation As the world becomes more connected and increasingly digital, businesses have been pushed to reimagine technological innovation
More informationInvestor Presentation May NASDAQ:FWRD
Investor Presentation May 2018 NASDAQ:FWRD www.forwardaircorp.com Forward Looking Statements Disclosure Today s presentation and discussion will contain forward-looking statements within the meaning of
More informationYOUR GOODS. OUR BEST. YOUR GOODS. OUR BEST.
ROADRUNNER TRANSPORTATION SYSTEMS Full Year 2017 & First Quarter 2018 Management Call YOUR GOODS. OUR BEST. YOUR GOODS. OUR BEST. SAFE HARBOR STATEMENT This presentation contains forward-looking statements
More informationLandstar System, Inc. April 20,
For Immediate Release Contact: Kevin Stout Landstar System, Inc. www.landstar.com April 20, 2016 904-398-9400 LANDSTAR SYSTEM REPORTS FIRST QUARTER REVENUE OF $712 MILLION AND RECORD FIRST QUARTER DILUTED
More informationInvestor Presentation October NASDAQ:FWRD
Investor Presentation October 2018 NASDAQ:FWRD www.forwardaircorp.com Forward Looking Statements Disclosure Today s presentation and discussion will contain forward-looking statements within the meaning
More informationPresentation Slides. First Quarter, 2015
Presentation Slides First Quarter, 2015 Safe Harbor Announcement Certain statements in this conference, including statements regarding anticipated results of operations and financial condition, constitute
More informationFedEx Corporation Investor Relations November 12, 2018
FedEx Corporation Investor Relations November 12, 2018 Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements, such as statements relating to management
More informationFedEx Corporation Investor Relations October 10, 2018
FedEx Corporation Investor Relations October 10, 2018 Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements, such as statements relating to management
More informationFedEx Corp. Reports First Quarter Earnings Growth in Smaller Shippers at FedEx Ground and Outstanding Cost Management Benefit Quarter
FOR IMMEDIATE RELEASE FedEx Corp. Reports First Quarter Earnings Growth in Smaller Shippers at FedEx Ground and Outstanding Cost Management Benefit Quarter MEMPHIS, Tenn., Sept. 20, 2001... FedEx Corporation
More informationTrimble Third Quarter 2017 Results Summary
Trimble Third Quarter 2017 Results Summary Forward-looking statements Certain statements made in this presentation and any subsequent Q&A period are forward -looking statements, within the meaning of Section
More informationAn Industry Evolving, A Company Transformed.
Transportation & Logistics Council An Industry Evolving, A Company Transformed. March 25, 2019 FORWARD LOOKING STATEMENTS Certain statements and information in this presentation may constitute forward-looking
More informationTIL LOGISTICS GROUP LIMITED FY18 RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2018
1 TIL LOGISTICS GROUP LIMITED FY18 RESULTS PRESENTATION FOR THE YEAR ENDED 30 JUNE 2018 ABOUT TIL LOGISTICS GROUP One of New Zealand s largest domestic freight and logistics platforms Nationwide network
More informationCLOSING THE DEAL. Consolidation Trends in Transportation & Logistics. Greg Lafin Managing Director BKD Corporate Finance
CLOSING THE DEAL Consolidation Trends in Transportation & Logistics September 28, 2017 Chris Dalton Partner, National Practice Leader Transaction Services cdalton@bkd.com Greg Lafin Managing Director BKD
More informationEcho Global Logistics
Echo Global Logistics Investor Presentation February 2018 P E O P L E T E C H N O L O G Y R E S U L T S 1 Echo Global Logistics Leading provider of technology-enabled transportation and supply chain management
More informationNEW BUSINESS MODELS AND FLOWS THE FUTURE OF TRANSPORT
NEW BUSINESS MODELS AND FLOWS THE FUTURE OF TRANSPORT BRUSSELS, MAY 9, 2018 Multimodal Year 2018 The Future of Transport The logistics industry is under pressure INCREASING CLIENT DEMANDS Cost pressure
More informationTransportation M&A Update
Transportation M&A Update About this Report The outlook, key statistics a most relevant transactions for Transportation Owners of Transportation companies face a unique set of challenges in fiing success
More informationMarten Transport Announces Third Quarter Results Net Income of 28 Cents per Diluted Share
Marten Transport Announces Third Quarter Results Net Income of 28 Cents per Diluted Share MONDOVI, Wis., October 20, 2008 (GLOBE NEWSWIRE) Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today its financial
More informationCorporate Presentation
Corporate Presentation November 2017 THE FUTURE OF TRUCKING Company Overview Leading Technology Transportation Company Value Proposition & Business Description Technology is transforming the transportation
More informationCorporate Presentation
Corporate Presentation August 2018 THE FUTURE OF TRUCKING Company Overview Leading Technology-Infused Transportation Company Value Proposition & Business Description Technology is transforming the transportation
More informationTIL LOGISTICS GROUP LIMITED
1 TIL LOGISTICS GROUP LIMITED WOODWARD PARTNERS NZX SPOTLIGHT INVESTOR DAY JIM RAMSAY: TIL MANAGING DIRECTOR ABOUT TIL LOGISTICS GROUP One of New Zealand s largest domestic freight and logistics platforms
More information16th Annual ICR XChange Conference January 14, 2014
16th Annual ICR XChange Conference January 14, 2014 Bill DeLaney President, Chief Executive Officer Chris Kreidler Executive Vice President, Chief Financial Officer Forward-Looking Statements Statements
More informationTrimble Fourth Quarter and Fiscal 2017 Results Summary
Trimble Fourth Quarter and Fiscal 2017 Results Summary Forward-looking statements Certain statements made in this presentation and any subsequent Q&A period are forward -looking statements, within the
More informationFedEx Corporation Investor Relations January 14, 2019
FedEx Corporation Investor Relations January 14, 2019 Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements, such as statements relating to management
More informationEcho Global Logistics
Echo Global Logistics Investor Presentation May 2018 P E O P L E T E C H N O L O G Y R E S U L T S Echo Global Logistics Leading provider of technology-enabled transportation and supply chain management
More informationVeriFone Files Restated Reports
VeriFone Files Restated Reports SAN JOSE, Calif. -- August 19, 2008 --VeriFone Holdings Inc. (NYSE: PAY) today filed its amended and restated quarterly report on Form 10-Q/A for the fiscal quarters ended
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 1 Investor Presentation November 2018 Forward-Looking Statements Statements made during this presentation that set forth expectations, predictions, projections or are
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION SWISS EQUITIES CONFERENCE BAADER HELVEA R. ERNI, CFO BAD RAGAZ 12 JANUARY 2018 Panalpina Biz Model / Strategy Achievements and key figures Operating and financial review Appendix
More informationWhite Paper Series Food Logistics Industry Report
White Paper Series 2007 Food Logistics Industry Report This industry-wide report identifies common practices, challenges, and emerging trends within the U.S. food logistics industry. Introduction During
More informationCorporate Presentation
Corporate Presentation November 2018 THE FUTURE OF TRUCKING Company Overview Leading Technology-Infused Transportation Company Value Proposition & Business Description Technology is transforming the transportation
More informationInnovations in Freight Management
Innovations in Freight Management Dave Menzel, President and COO Echo Global Logistics November 7, 2018 Why innovate? Supply chains increasing complex to manage TL market is very fragmented 80% of US truck
More informationWelcome to Synchronoss 3.0
Welcome to Synchronoss 3.0 Intralinks Acquisition Overview and Activation Divestiture December 6, 2016 1 2016 Synchronoss, Inc. All Rights Reserved Safe Harbor. Forward-Looking Statements This presentation
More informationDisclosure Statement
Transportation & Logistics Conference February 14, 2017 Disclosure Statement This presentation includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of
More informationGood Morning and thank you for joining our call today. I m joined in Indianapolis
Paul Will: Good Morning and thank you for joining our call today. I m joined in Indianapolis by Jon Russell, President and Chief Operating Officer and Bobby Peavler, Chief Financial Officer. This conference
More informationO VERNITE CORPORATION OVERNITE CORPORATION
27 O VERNITE CORPORATION Overnite Corporation is a leading provider of less-than-truckload (LTL) transportation services, offering a full spectrum of regional, inter-regional and long-haul services nationwide.
More informationQ1 FY19 Financial Update
Q FY9 Financial Update Salesforce NYSE: CRM @Salesforce_ir Safe Harbor "Safe harbor" statement under the Private Securities Litigation Reform Act of 995: This presentation contains forward-looking statements
More informationInvestor Presentation Value Creation Plan
Investor Presentation Value Creation Plan March 7, 2018 Safe Harbor Statements This presentation is dated as of March 7, 2018 and speaks as of that date. Forward-Looking Statements This presentation contains
More informationFedEx Corporation Investor Relations February 12, 2018
FedEx Corporation Investor Relations February 12, 2018 Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements, such as statements relating to management
More informationFinancial Advisory. Valuation Services. Life Science Industry
Financial Advisory Services Life Science Industry Fact sheet: Life Science Industry Services Many life sciences companies struggle with nurturing the promise of innovative discoveries in a volatile market
More informationA Leading Provider of Marketing Automation Solutions
A Leading Provider of Marketing Automation Solutions Investor Presentation December 2017 SharpSpring, Inc. investors.sharpspring.com NASDAQ: SHSP Safe Harbor Statement The information provided in this
More informationHistorical Statistics
Historical Statistics FedEx Corporation Financial and Operating Statistics FY 2001 FY 2010 This report is a statistical supplement to FedEx s financial reports and should be used in conjunction with our
More informationQ4 and Fiscal Year 2018 Financial Results. Investor Presentation February 2019
Q4 and Fiscal Year 2018 Financial Results Investor Presentation February 2019 Safe harbor statement This presentation contains forward-looking statements that are based on our management s beliefs and
More informationHistorical Statistics
Historical Statistics FedEx Corporation Financial and Operating Statistics FY 2003 FY 2012 This report is a statistical supplement to FedEx s interim financial reports and is prepared quarterly. Additional
More informationBEST STEEL LOGISTICS LIMITED. Investor Presentation July 2017
BEST STEEL LOGISTICS LIMITED Investor Presentation July 2017 Disclaimer Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include
More informationScience Applications International Corporation (SAIC) [NYSE: SAIC]
Science Applications International Corporation (SAIC) [NYSE: SAIC] Tony Moraco, Chief Executive Officer John Hartley, Chief Financial Officer SAIC. All rights reserved. Forward-Looking Statements Certain
More informationLOGISTICS. SmartWay Case. SmartWay Partner: DRIVING RESULTS. Wheels Group Inc. Mississauga, Ontario. Background
SmartWay Case Study LOGISTICS SmartWay Partner: Wheels Group Inc. Mississauga, Ontario DRIVING RESULTS Background Founded in 1988, Wheels is a leading North American 3PL, supply chain logistics provider.
More informationCommerceHub Investor Presentation
CommerceHub Investor Presentation Winter 2017-2018 1 FORWARD-LOOKING INFORMATION This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act
More informationBorder to Border. Coast to Coast.
Border to Border. Coast to Coast. From our roots as a modest family operation, C.R. England has grown to become one of the largest, most diversified transportation companies in the world. We provide reliable,
More informationM&A TRANSACTIONS # BY SEGMENT (Q2)
Q2 2014 M&A activity in the logistics industry reflected the ongoing strategy disagreement among large operators: does the concept of agility mean logistics companies should restructure themselves to be
More informationTRANSPORTATION LAW & LOGISTICS
TRANSPORTATION LAW & LOGISTICS Our transportation law and logistics practice recognizes the interdisciplinary nature of the legal issues faced by users and providers of transportation and distribution
More informationOppenheimer Industrial Growth Conference. May 8, 2018
Oppenheimer Industrial Growth Conference May 8, 2018 1 Oppenheimer Industrial Growth Conference May 8, 2018 Forward-Looking Statements Statements made during this presentation that set forth expectations,
More informationInvestor Presentation Through Q1 2018
Investor Presentation Through Q1 2018 SAFE HARBOR STATEMENT This presentation includes forward-looking statements which are subject to risk and uncertainties that could cause actual results to differ materially,
More informationQ Financial Results. Investor Presentation October 2018
Q3 2018 Financial Results Investor Presentation October 2018 Safe harbor statement This presentation contains forward-looking statements that are based on our management s beliefs and assumptions and on
More informationSteelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share
Steelcase Inc. Reports Third Quarter Fiscal 2002 Results; Declares Quarterly Dividend of Six Cents Per Share GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Dec. 19, 2001--Steelcase Inc. (NYSE:SCS) today reported
More informationTrimble Investor Presentation October 2017
Trimble Investor Presentation October 2017 Forward-looking statements Certain statements made in this presentation and any subsequent Q&A period are forward -looking statements, within the meaning of Section
More informationQ 2/18 I N D U S T R Y U P D A T E JARRETT LOGISTICS SYSTEMS
I N D U S T R Y Q 2/18 U P D A T E JARRETT LOGISTICS SYSTEMS C O N T E N T O U T L I N E Section One: Fuel Section Two: Less-than-Truckload (LTL) Section Three: Truckload (TL) Section Four: Parcel Section
More informationQ 2/18 I N D U S T R Y U P D A T E JARRETT LOGISTICS SYSTEMS
I N D U S T R Y Q 2/18 U P D A T E JARRETT LOGISTICS SYSTEMS C O N T E N T O U T L I N E Section One: Fuel Section Two: Less-than-Truckload (LTL) Section Three: Truckload (TL) Section Four: Parcel Section
More information2018 Q1 Investor Relations Presentation
2018 Q1 Investor Relations Presentation Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events
More informationQ 2/18 I N D U S T R Y U P D A T E JARRETT LOGISTICS SYSTEMS
I N D U S T R Y Q 2/18 U P D A T E JARRETT LOGISTICS SYSTEMS C O N T E N T O U T L I N E Section One: Fuel Section Two: Less-than-Truckload (LTL) Section Three: Truckload (TL) Section Four: Parcel Section
More informationFY18 Results. Mark Coulter CEO Mark Tayler CFO
FY18 Results Mark Coulter CEO Mark Tayler CFO Page 1 Contents CEO Update Page 3-15 FY18 Financial Results Page 16-20 Strategy & Outlook Page 21 24 Q&A Page 2 CEO Update Mark Coulter CEO Pg 26 Page 3 Summary
More informationInvestor Presentation February 2018 Slide 1. Investor Presentation February 2018
Investor Presentation February 2018 Slide 1 Investor Presentation February 2018 Forward Looking Statements Statements made during this presentation that set forth expectations, predictions, projections
More informationARCBEST CORPORATION. February 10, Stifel 2016 Transportation & Logistics Conference
ARCBEST CORPORATION February 10, 2016 Stifel 2016 Transportation & Logistics Conference Forward Looking Statements Certain statements and information in this presentation may constitute forward-looking
More informationScience Applications International Corporation [NYSE: SAIC]
Science Applications International Corporation [NYSE: SAIC] Jefferies 2016 Industrials Conference Paul E. Levi, SVP for GM&MS Sector Finance and Director of Investor Relations August 9, 2016 SAIC. All
More informationVol 2 Q Issue 4
INDUSTRY OVERVIEW The logistics industry witnessed improved growth in Q4 2014 due to growing downstream demand and rising trade levels. Warehousing, freight, and logistic services remain largely tied to
More informationMarten Transport Announces Second Quarter Results
Marten Transport Announces Second Quarter Results MONDOVI, Wis., July 22, 2008 (PRIME NEWSWIRE) Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today its financial and operating results for the quarter
More informationDisclaimer Forward-Looking Statements Industry and Market Data Non-GAAP Financial Information
Disclaimer Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Securities Act of 1933, as amended (the Securities Act ), the Securities Exchange Act
More information1. Reasons for Recommendation
Recommendation: BUY Target Stock Price (12/31/2015): $148 1. Reasons for Recommendation Union Pacific Corporation will continue to lead the railroad industry in the years to come with continuous expansion
More informationIBM REPORTS 2011 SECOND-QUARTER RESULTS
IBM REPORTS 2011 SECOND-QUARTER RESULTS o Diluted EPS: - GAAP: $3.00, up 15 percent; - Operating (non-gaap): $3.09, up 18 percent; o Revenue: $26.7 billion, up 12 percent, up 5 percent adjusting for currency;
More informationDisclosure Statement
Global Transportation Conference May 17, 2016 Disclosure Statement This presentation includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These
More informationAbout LPL Financial. Serving financial professionals and their clients for four decades
About LPL Financial Serving financial professionals and their clients for four decades About LPL Financial LPL Financial is the nation s largest independent broker-dealer*, a top RIA custodian, and a leading
More informationTransform Milwaukee. Section 8 Freight Transportation and Logistics. Summary Findings
Transform Milwaukee Section 8 Freight Transportation and Logistics Summary Findings Freight Originating in the Milwaukee CSA 2011 Estimates to 2040 Projections Mode 1000 s of Tons in 2011 1000 s of Tons
More informationPresentation for Deutsche Bank Swiss Equities Conference
Zurich Airport, 19 th May 2010 Monika Ribar, CEO Presentation for Deutsche Bank Swiss Equities Conference 19 th May 2010 2 Panalpina at a glance Comprehensive global network Among top 5 globally in air
More informationDAT Keypoint SPECIAL REPORT. Growing Your Small Business Steve Blair, General Manager, Keypoint Transportation Software
DAT Keypoint SPECIAL REPORT Growing Your Small Business Steve Blair, General Manager, Keypoint Transportation Software SPECIAL REPORT 2 Introduction: Growing Your Small Business While there are some risks
More informationEnergy Aerospace & Defense Industrial. First Quarter Investor Review
Energy Aerospace & Defense Industrial First Quarter 2018 Investor Review Presented May 2, 2018 1 Safe Harbor This presentation contains forward-looking statements within the meaning of Section 27 A of
More informationBrightcove Inc. Investor Presentation. May 2017
Brightcove Inc. Investor Presentation May 2017 Safe Harbor Statement These slides and the accompanying oral presentation contain certain forward-looking statements" within the meaning of the Private Securities
More informationIndependent auditors review report to the Board of Directors of Aramex PJSC
Independent auditors review report to the Board of Directors of Aramex PJSC Introduction We have reviewed the accompanying condensed consolidated interim balance sheet of Aramex PJSC ( the Company ) and
More informationUNITED STATES COLD STORAGE, INC., Wilmington, Illinois, 6/2014 to 10/2018
David W. Fleming 3005 Kathleen Court, Homewood, Illinois 60430 (708) 698-1195 DavidFleming05@comcast.net Executive Summary Dynamic career in integrated logistics and supply chain management as a driving
More informationQ Financial Results
Q3 2017 Financial Results Investor Presentation November 2017 1 Safe harbor statement This presentation contains forward-looking statements that are based on our management s beliefs and assumptions and
More informationFedEx Corp. Reports Higher First Quarter Net Income FedEx Ground Segment Revenues Grow 14 Percent
FOR IMMEDIATE RELEASE FedEx Corp. Reports Higher First Quarter Net Income FedEx Ground Segment Revenues Grow 14 Percent MEMPHIS, Tenn., September 20, 2007... FedEx Corp. (NYSE: FDX) today reported earnings
More informationTHE GLOBAL EXCHANGE FOR ADVERTISING
THE GLOBAL EXCHANGE FOR ADVERTISING JANUARY 2018 0 COPYRIGHT RUBICON PROJECT 2018 SAFE HARBOR Forward-Looking Statements This presentation may include, forward-looking statements, including statements
More informationHow can LSPs maximize ROI from their OTM Application A radical perspective. Sudheer Pamighantam
How can LSPs maximize ROI from their OTM Application A radical perspective June 5, 2012 Sudheer Pamighantam Practice Head Logistics Mahindra Satyam Introduction Objectives of a OTM program are many 1.
More informationApplication-Centric Transformation for the Digital Age
Application-Centric Transformation for the Digital Age APRIL 2017 PREPARED FOR COPYRIGHT 2017 451 RESEARCH. ALL RIGHTS RESERVED. About this paper A Black & White paper is a study based on primary research
More informationInvestor Presentation
Investor Presentation May 2016 2016 Actua Corporation / All Rights Reserved / 1 Forward-Looking Statements The statements contained in this presentation that are not historical facts are forward-looking
More informationSEACOR SMIT ANNOUNCES FOURTH QUARTER RESULTS
February 26, 2004 SEACOR SMIT ANNOUNCES FOURTH QUARTER RESULTS HOUSTON--(BUSINESS WIRE)--Feb. 26, 2004--SEACOR SMIT Inc. (NYSE:CKH) announced a net loss for the fourth quarter ended December 31, 2003 of
More informationABOUT RFX. A Customer-First Commitment
RFX CUSTOMERS ABOUT RFX RFX Global Companies excels at providing customized transportation services to industries of all types. Whether you need to ship refrigerated, dry, or specialized equipment across
More informationIBM Business Perspective 2012
IBM Business Perspective 2012 Patricia Murphy Vice President, Investor Relations 2009 IBM Corporation Certain comments made in this presentation may be characterized as forward looking under the Private
More informationFedEx Corporation Mike Lenz Corporate Vice President Treasurer and Investor Relations November 7, 2018
FedEx Corporation Mike Lenz Corporate Vice President Treasurer and Investor Relations November 7, 2018 Forward-Looking Statements Certain statements in this presentation may be considered forward-looking
More informationNon-Asset Based. Multi-Modal. Diverse Commodities.
more operationally efficient by streamlining processes and implementing technology to increase their productivity, thereby, allowing the agents to focus on business development and delivering outstanding
More information2014 Third Quarter Earnings Conference Call
2014 Third Quarter Earnings Conference Call Jeffrey T. Gill President & CEO Anthony C. Allen Vice President & Treasurer November 4, 2014 Safe Harbor Disclosure Non-GAAP Financial Measures Any non-gaap
More informationOn April 15, 2004 we have changed our name to Capgemini.
On April 15, 2004 we have changed our name to Capgemini. To help you achieve measurably faster, better and more sustainable results we have taken this opportunity to formalize our core strengths into what
More informationBest Practices for Transportation Management
Best Practices for Transportation Management A White Paper from Ozburn-Hessey Logistics www.ohlogistics.com/countonus.html or 800-401-6400 Introduction The mantra for all transportation professionals is
More informationFinancial Results Meeting: The 1st 3 Months of FY Ending March (April 1, 2015 June 30, 2015)
Financial Results Meeting: The 1st 3 Months of FY Ending March 2016 (April 1, 2015 June 30, 2015) August 7, 2015 Contents Summary of Business Results for Three Months ended June 30, 2015, for FY Ending
More information