Boyd Bros. Transportation CEO Gail Cooper & COO Richard Bailey Talk to the Wall Street Transcript.Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 24, 2002
The Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding.
A transcript of record has published an in-depth interview with Gail Cooper, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Richard Bailey, CFO See Chief Financial Officer. & COO (Cell Of Origin) See mobile positioning. (Nasdaq:BOYD), in which they talk at length about the Company's future.
The entire 2,000 word interview is available free online at http://www.twst.com/ceos.htm.
Cooper gives an overview of the Company: "We are a flatbed company located in southeast Alabama Southeast Alabama is the term used to identify the southeastern counties in the state of Alabama. Other names for the area are The Wiregrass and Lower Alabama. The area includeds the Counties of Dale, Pike, Houston, Coffee, Henry, Geneva, Barbour, Crenshaw and Covington. . We are completely flatbed. We are different from the van carriers in that we just haul flatbed freight. We travel in all 48 contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. states of the US. We haul primarily building products, steel products -- anything that will go on a flatbed."
Bailey adds: "Our revenues are approximately $125 million, and a financial milestone for us would be $150 million, so getting there is one of our goals. We would also like to drive our operating ratio Operating Ratio
A ratio that shows the efficiency of management by comparing operating expense to net sales: down into the low 90s -- 92% or below. That, too, would be a milestone for us. We've returned to profitability, and our goal is to have consistent profitable growth going forward over the next few quarters."
Looking forward, Cooper states: "Fuel prices and the insurance prices have forced a lot of the smaller companies out of business. In the flatbed sector of the transportation industry there are more of those smaller carriers, and they just could not survive some of the fuel and insurance price increases we've seen. So several thousand of these smaller companies have gone out of business. But we see that as a great opportunity to gain market share in the coming months and years."
This interview is part of a 116-page Transportation & Logistics Issue available at http://www.twst.com/info/info617.htm or by calling 212/952-7433.
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673.