Freight broker Landstar System Inc. (NASDAQ: LSTR) announced the opening of a new driver-focused facility located on Interstate 85 between Atlanta and Greenville, South Carolina.
The Carnesville, Georgia, property boasts 8,000 square feet of classrooms, a conference room and several amenities for the company’s 10,000 independent owner-operators. Landstar’s owner-operators will have access to a business center, free Wi-Fi, laundry, showers and break rooms. The 20-acre property also provides secured parking for 120 tractor-trailers as well as 70 passenger vehicles.
“The location has easy truck access for our owner-operators with multiple driver-focused businesses at the same exit in Carnesville,” said EVP of capacity development Rocco Davanzo. “Landstar maintains facilities focused on its leased owner-operators across the United States and in Canada. These locations are designated places for independent owner-operators to connect with Landstar, network with others and participate in continuous professional education to keep their businesses running smoothly.”
The Jacksonville, Florida-based company recently raised earnings expectations for the third quarter. Earnings per share (EPS) guidance was raised by 25% at the midpoint of the new range, $1.40 to $1.46. The company expects loads hauled via truck and revenue per load to increase in the low-single-digit range compared to the third quarter of 2019. Landstar’s new guidance is significantly improved from the original guide issued in July, which called for mid-single-digit declines in both metrics.
Landstar reports third-quarter results after the market closes next Wednesday.
