Landstar Continues to Grapple With Weakness in Freight Market [Yahoo! Finance]
Landstar System, Inc. (LSTR)
Last landstar system, inc. earnings: 4/22 04:15 pm
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US:NASDAQ Investor Relations:
investor.landstar.com/investor-relations
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Source: Yahoo! Finance
Landstar System, Inc. ( LSTR is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Landstar is being hurt by reduced demand for freight services and increased truck capacity. Highlighting the weak freight demand, the Cass Freight Shipment Index declined 0.7% year over year in November. This measure has deteriorated year over year since January 2024, confirming the overall declining trend. Due to the weakness in demand, shipment volumes and rates are low. The top line has been suffering mainly due to the below-par performance of its key segment, namely, truck transportation. Revenues are likely to be weak going forward as well. Driver shortage continues to be a major challenge facing the trucking industry. As old drivers retire, trucking companies find it difficult to hire drivers since the job does not appeal to the younger generation. Partly due to these headwinds, shares of LSTR have plunged 10.1% so far this year compa
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LSTR
News
- Landstar System (NASDAQ:LSTR) Is Due To Pay A Dividend Of $2.00 [Yahoo! Finance]Yahoo! Finance
- Landstar Announces Special DividendGlobeNewswire
- Landstar (LSTR) Up 5.2% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Landstar Announces Enhancements to Leadership Team [Yahoo! Finance]Yahoo! Finance
- Landstar Announces Enhancements to Leadership TeamGlobeNewswire
LSTR
Earnings
- 10/29/24 - Miss
LSTR
Sec Filings
- 12/10/24 - Form 8-K
- 12/4/24 - Form 3
- 11/15/24 - Form 8-K
- LSTR's page on the SEC website