Landstar System Inc
LSTR: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$271.00 | Qxtld | Qfdwbnsty |
Easing Truckload Spot Market Conditions Evident in Landstar's Q3, but Results in Line
Wide-moat truck broker Landstar's third-quarter gross revenue grew 5%, which slowed materially relative to 26% year-over-year growth last quarter and 53% in the first quarter. That said, revenue came in slightly ahead of our forecast on noise from rising fuel surcharges. For the firm's core truckload business, total loads were up 1%, while average revenue per load was flat.