Management from freight broker Landstar System says the truckload market remains stuck between cycles.
“I’d like to think that we’re in the beginning of the next cycle. I could also argue that we’re at the end of the prior cycle,” said Landstar President and CEO Frank Lonegro on a quarterly call with analysts Wednesday. He noted sentiment among agents and customers “is clearly more positive.”
The Jacksonville, Florida-based company missed fourth-quarter expectations, posting earnings per share of...
https://www.freightwaves.com/news/landstar-stuck-between-cycles-q1-guidance-disappoints