Landstar System
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News
Updated: Landstar guides lower due to ‘tragic accident’ and unfavorable market conditions
Landstar System warns on earnings due to a “tragic vehicular accident” and weaker than anticipated market conditions.
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Driver issues
Truck drivers generally pan proposed revisions to hours-of-service rules
Reaction is mixed among stakeholders to hours-of-service rule changes proposed by the Federal Motor Carrier Safety Administration.
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News
Updated: Landstar sees truckload fundamentals remaining under pressure in third quarter of 2019
Landstar missed the bottom-end of its guidance range as expected. The company sees weakness in truckload fundamentals continuing through the third quarter.
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Business
Susquehanna cuts transports price targets but anticipates good setup for spot-exposed brokers
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
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Truckload
DAT confirms May drop in spot volumes and pricing (with video)
The truckload spot market experienced another month of softness in May, confirming recent commentary that normal seasonality isn’t taking shape.
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Driver issues
Driver pay increases may leave spot-market fleets vulnerable (with video)
Trucking could get hit "very hard" by an economic recession, ATA warns
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Markets
Truckload stocks looking past upcoming tariffs
Truckload carrier stocks have held up through the last six trading sessions, walking through a couple of potential body blows.
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News
Landstar sees weakness in TL spot market, downplays Uber-Amazon impact on brokerage
Landstar announced that it may not be able to meet the low-end of its guidance range as truckload spot market fundamentals remain weak.
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Company earnings
Landstar’s first quarter call reaffirms full-year expectations
Landstar’s President and Chief Executive Officer Jim Gattoni said that he is “comfortable” with the current full-year consensus EPS estimate of $6.41.
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Company earnings
Landstar System sees first quarter results ahead of expectations
Landstar System, Inc. reported first quarter earnings per share (EPS) of $1.58, compared to the consensus estimate of $1.51 and $0.21 higher than the 2018…
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