Landstar System
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News
Landstar ends sour 2019 on high, announces $2 special dividend
Landstar's strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
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News
Truckload stocks upgraded as fundamentals ‘bottom’
Truckload stocks get an upgrade at Goldman Sachs. Analyst cites "bottoming" fundamentals and the likelihood that the trucking downturn is nearing the midway point as…
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Company earnings
Landstar reports significant third quarter earnings miss
The company warned of its upcoming poor performance in September but still missed analyst's earnings estimates.
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News
Analysts lowering estimates heading into earnings season – what to watch for
Third quarter 2019 is likely to see another step down in earnings expectations for the year. Equity analysts have been busy lowering estimates on many…
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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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