Freight broker Landstar System has seen pricing moderate since the spot market’s decline early in the second quarter. Revenue per mile for dry van loads hauled by its business capacity owners (BCOs) fell 6% sequentially in both April and May but has held steady since. The metric excludes fuel surcharges and is only off 13% from the February high.
Landstar (NASDAQ: LSTR) reported second-quarter earnings per share of $3.05 Wednesday after the market closed, 20 cents below the consensus estimate...
https://www.freightwaves.com/news/landstars-q2-misses-mark-revenue-per-load-steadies