Question-and-Answer Session
Operator
Thank you, sir. Ladies and gentlemen, we will now begin the question-and-answer session. (Operator Instructions). Our first question comes from the line of William Greene with Morgan Stanley. Please go ahead.
William Greene - Morgan Stanley
Yes, good afternoon. I’m just wondering if you can talk a little bit about some of your views on acquisitions. You’ve done a number of tuck-ins, but I’m curious if you can offer any color on how big an acquisition you could do. Is there sort of a size limit you think about or what are the attributes that you’d think about that would limit your ability to make an acquisition?
John Wiehoff
A lot of our acquisition focused in the last couple of years has been building our global forwarding network. And in this particular case the Walker business is in the UK where while we had one office, we really didn’t have a very strong presence from a forwarding standpoint. So, it was a nice fit to our network.
There really is no theoretical limits to the size of deal that we’ve explored in that past or that we’d be open to in the future, however as we build out our network and gain what we believe is a better presence in different parts of the world, the likelihood that we would want to acquire more in those regions goes down, because our plan would be to integrate and to kind of operate and grow organically from there.
So as we said many times in the past, there are many parts of the world in Asia and Eastern Europe and other places where we don’t have a presence where we plan to continue to invest and we certainly would be open to deals larger than these and building out the network. But the likelihood of buying an existing global network with a lot of overlap becomes less likely, as we get further into our build.
William Greene - Morgan Stanley
Okay, thanks. Just one follow-up, if there are any dislocations in the LTL market, how do you think that will affect Robinson?
John Wiehoff
It would depend, the size of the dislocation and kind of how much capacity leaves. But there certainly are pretty wide variances and service capabilities and pricing. So, depending upon who left the market and what service areas were impacted, what pricing was impacted, there could be pretty significant impacts. We pride ourselves in flexibility and automation and kind of existing relationships where we could kind of put together new solutions. So, we don’t necessarily hope for or plan specifically for any of those failures, but we would be ready to react and try to help our customers get through whatever it happens.
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