Fleet bankruptcies show some capacity is coming out of the market, but it’s unclear whether that will make any significant dent in the oversupply of trucks available in the spot trade.
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Landstar System
Landstar System
Landstar System is an American transportation company that provides supply chain solutions and integrated global and domestic transportation services. Founded in 1988 with headquarters in Jacksonville, Florida, the company reported 2013 revenue of $2.66 billion, down 4.0 percent year-over-year.
Landstar System and its subsidiariesemploy approximately 1,400 individuals and provide domestic services to the U.S. as well as Canada and Mexico with a fleet of 13,000 trailers. The truckload carrier also offers global transportation services to more than 200 countries via air and ocean carriers.
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Sep 24, 2019 2:00PM EDT
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29 Jul 2019
Large US truckload carriers are cutting excess capacity, albeit only slightly, pulling the JOC Truckload Capacity Index down for the first time since 2016.
25 Jul 2019
Landstar System and Echo Global Logistics reported lower second-quarter earnings, while 3PLS are uncertain whether the malaise will linger through the end of this year.
06 Jun 2019
Schneider and Landstar this week offered a tepid assessment of the truckload market in 2019 as spot rates continue to be down double digits from last year, while contract rates have turned negative, too. But there are positive signs in the data.
31 May 2019
Robert Brasher will become chief commercial officer at Landstar System at a time in which revenue is declining as spot market truck rates fall from last year’s record highs.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
03 Jul 2018
It’s a stronger US truck market than even 2004/2005, drivers are aware that they are in short supply, and there is no end in sight — hence there is an obvious reason why both shippers and trucking companies should keep those market conditions in mind.
01 Nov 2017
As intermodal rail container and trailer volumes hit historic highs, pressure, that may lift pricing in 2018 and beyond, is building.
27 Oct 2017
Third-quarter earnings reports reveal across-the-board increases in transportation rates, with little sign pressure will ease soon.
