Landstar System Inc

LSTR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$646.00	Hzx	Smjrllyfp

Easing Truckload Spot Market Conditions Evident in Landstar's Q3, but Results in Line

Matthew Young

Oct 21, 2022

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.

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