Landstar ‘executing on all cylinders’; strength to carry through H1 ’22

Rates not likely to pull back to 2016, 2017 levels, according to Landstar CEO Jim Gattoni

Freight broker Landstar System sees the current tight trucking market continuing in the fourth quarter and into 2022.

The Jacksonville, Florida-based company released record quarterly results Wednesday after the market closed. Earnings per share of $2.58 was 97 cents higher than the year-ago period, 18 cents higher than the second quarter and ahead of management’s mid-August guidance raise calling for a range of $2.45 to $2.55.

Landstar (NASDAQ: LSTR) issued fourth-quarter guidance for revenue to...

https://www.freightwaves.com/news/landstar-executing-on-all-cylinders-strength-to-carry-through-h1-22

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