current trends in transportation & logistics jonathan ives vice president investment banking products and services including public debt private placements brokerage are provided by natcity investments inc a registered broker dealer member nasd sipc subsidiary of national city corporation 2 introduction description tab industry overview i segment truckload less than ii rail marine iii air freight iv third party v valuation levels vi m&a market observations vii group viii 3 4 relevant segments wide variety business models exist within the consolidation activity have blurred lines that search for higher margin value added has further however our view general structure is comprised four sample participants ltl asset intensive highly competitive cnf tl fragmented with over 500 000 more consolidated yellow roadway 610 billion includes
