PT - JOURNAL ARTICLE AU - Carlos Ferreira AU - Vikram Devanga TI - There’s Only One Direction and That’s Up: <em>Transportation</em> <br/> <em>and Logistics Companies Expected to Wake After Sleepy Period</em> AID - 10.3905/jpe.2013.16.4.067 DP - 2013 Aug 31 TA - The Journal of Private Equity PG - 67--68 VI - 16 IP - 4 4099 - https://pm-research.com/content/16/4/67.short 4100 - https://pm-research.com/content/16/4/67.full AB - Deal volume in the transportation and logistics sector hasn’t been booming in the last few years. Exits in the sector have been declining from 13% of overall exit activity in 2010 to 8% in 1H 2012, and a paltry 4% in 2H 2012. The average exit size has continued to decline from an all-time high of $409 million in 2009 to $173 million in 2012.“Macroeconomic conditions have been tough; commodity prices and consumers’ inability to spend during the recession took a toll on transportation and logistics companies as well as investors in the sector,” says Chad Rash, a Managing Director of Grant Thornton’s Transaction Advisory Services group.TOPICS: Private equity, other real assets, portfolio construction, equity portfolio management