Macquarie Group Launches Transport and Logistics Sector Research Coverage

  Macquarie Group Launches Transport and Logistics Sector Research Coverage

  *Macquarie launches on six names in Transport and Logistics sector
  *Coverage led by Kelly Dougherty, Senior Analyst, Transport and Logistics
  *Coverage initially includes:

       *FedEx (NYSE: FDX)
       *United Parcel Service (NYSE: UPS)
       *Hub Group (NASDAQ: HUBG)
       *C.H. Robinson (NASDAQ: CHRW)
       *Expeditors International (NASDAQ: EXPD)
       *UTi Worldwide (NASDAQ: UTIW).

Business Wire

NEW YORK -- March 4, 2013

Macquarie Securities, the institutional equities arm of Macquarie Group
(“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the launch of research
coverage in the US transport and logistics sector.

Macquarie’s coverage initially includes FedEx (NYSE: FDX), United Parcel
Service (NYSE: UPS), Hub Group (NASDAQ: HUBG), C.H. Robinson (NASDAQ: CHRW),
Expeditors International (NASDAQ: EXPD) and UTi Worldwide (NASDAQ: UTIW).

Macquarie’s coverage is being led by Kelly Dougherty, Senior Analyst in the
Transport and Logistics research team. Ms. Dougherty joined Macquarie in May
2008. Prior to Macquarie, she was an analyst at Credit Agricole's Calyon
Securities. In launching Macquarie’s research in the sector, Ms Dougherty
said: “We believe select transport and logistics companies are poised to
deliver accelerated and sustainable growth. In particular, US transports look
attractive and inexpensive from a fundamental valuation and quantitative
analysis. Despite a tepid economic recovery in the US, we see industrial
momentum building which supports our favorable view of key names in the

Macquarie’s US transport and logistics team is globally coordinated with
research counterparts in Europe and the Asia-Pacific region. The firm’s
worldwide sector coverage now encompasses 21 analysts across 78 transport and
logistics stocks, providing comprehensive sector and stock-specific research
to the firm’s clients.

Andrew Root, Managing Director and Head of US Research said: “This initiative
continues our commitment to providing deep specialist sector coverage in key
global sector verticals. Our launch continues our strategy of delivering
global and regional views on sector trends, and meaningful insights to clients
that go beyond individual stocks. Research at Macquarie is ideas-driven and
intellectually rigorous, and leverages the collective experience and
intelligence of our position as one of the world’s largest fundamental and
quantitative research firms.”

About Macquarie Group

Macquarie Group (Macquarie) is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie’s main business
focus is making returns by providing a diversified range of services to
clients. Macquarie acts on behalf of institutional, corporate and retail
clients and counterparties around the world. Founded in 1969, Macquarie
operates in more than 70 office locations in 28 countries. Macquarie employs
approximately 13,400 people and has assets under management of over $353
billion (as of September 30, 2012). Go to for more

About Macquarie Securities Group

Macquarie Securities Group operates as a global institutional securities house
covering sales, research, ECM, execution and derivatives activities, and
offers full-service cash equities in Australia, Asia, South Africa and Canada
with specialized offerings in the US and Europe. Macquarie Securities Group
operates in the US as Macquarie Capital (USA) Inc., a member of FINRA and
SIPC. Further information can be found at


Macquarie Group
Stephen Yan, +1 212-231-1310
Corporate Communications
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