Landstar System Inc

LSTR: XNAS (USA)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$688.00VqmqCbwdplwzt

Easing Truckload Spot Market Conditions Evident in Landstar's Q3, but Results in Line

Wide-moat truck broker Landstar's third-quarter gross revenue grew 5%, which slowed materially relative to 26% year-over-year growth last quarter and 53% in the first quarter. That said, revenue came in slightly ahead of our forecast on noise from rising fuel surcharges. For the firm's core truckload business, total loads were up 1%, while average revenue per load was flat.

Sponsor Center