Werner Enterprises Inc at Bank of America Merrill Lynch Transportation and Industrials Conference (Virtual) Transcript

May 11, 2020 / 01:20PM GMT
Kenneth Scott Hoexter - BofA Merrill Lynch, Research Division - MD and Co-Head of the Industrials

Great. Good morning. Everybody, this is Ken Hoexter from B of A, the airfreight and service transportation and marine shipping analyst. Next up, we have Werner Enterprises. This is one of the largest and best-managed truckload operators in the U.S. Joining us is Derek Leathers, President and CEO. Derek, who's joining us for the second time, has been CEO since 2016, president since 2011 and prior to that, was COO. John is making his eighth appearance here at our conference, and could be up next to join us for the 10-timer club in a few years. He's been CFO since 1996, having been on the job for more than our nearly 2 decades of coverage. So happy to welcome them both here this morning.

Derek, let me just open up with the port of L.A. and New York this morning. Both of the carriers mentioned that the dollar store demand remains one of their strong volumes in moving product. So great job in choosing your end markets over the years.

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