Freight broker Landstar System joined a chorus of carriers, logistics providers and analysts Thursday, saying it expects a turnaround in market conditions by this summer.
Management from the company told analysts on its fourth-quarter earnings call that trucking cycles historically last 12 to 18 months. February 2022 was the peak for Landstar, which points to a market recovery this summer, assuming normal time frames hold.
“Being a believer in cycles, I would project that things will start to...