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Stock impact report

Landstar owner-operator count dips for 11th straight quarter [Yahoo! Finance]

Landstar System, Inc. (LSTR) 
Last landstar system, inc. earnings: 4/22 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.landstar.com/investor-relations
Company Research Source: Yahoo! Finance
The firm's CEO noted how increased labor and maintenance costs were among the factors in driving the capacity attrition. · Trucking Dive · David Taube / Transport Dive/Trucking Dive Colin Campbell Thu, January 30, 2025 at 2:51 PM GMT+1 2 min read This story was originally published on Trucking Dive . To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter Dive Brief: Landstar System's owner-operator headcount dropped 10% year-over-year in Q4, and the decrease is forecast to continue through Q1, the company reported Wednesday The number of drivers leased to the company fell by 184 trucks from Q3 to a total of 8,082, President and CEO Frank Lonegro said on an earnings call . For comparison, more than 11,000 drove for the company during the COVID-19 pandemic freight boom in 2021. “We would expect BCO count to continue to decline in the first quarter, given the challenging operating environment faced by many truck owner-operators and Show less Read more
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