Broker Landstar System reported an in-line third-quarter result Wednesday after the market closed. However, its fourth-quarter outlook was light of expectations.
Landstar (NASDAQ: LSTR) reported third-quarter earnings per share of $1.71, in line with the consensus estimate but $1.05 lower year over year (y/y). The company reported a 29% y/y decline in total revenue to $1.289 billion. Both results were near the middle of management’s guidance ranges.
Total truck transportation revenue was off 27%...
https://www.freightwaves.com/news/landstar-sees-continuation-of-soft-freight-market-in-q4