Landstar misses estimates in its second-quarter report, which included bonus payments to workers during the pandemic. New guidance better than expected.
Market softness, excess capacity, weak demand and soaring insurance costs and claims were the near-term challenges highlighted on Landstar’s conference call.
Landstar’s insurance and claims expense line hit first-quarter results, and another fatal accident results in guidance well below analysts’ expectations.
Landstar System warns on earnings due to a “tragic vehicular accident” and weaker than anticipated market conditions.
Bascome Majors says contract rates will be under downward pressure for the rest of the year, but spot rates may have already turned up.
