… sufficient to fund share repurchases and dividends. In our view, Landstar possesses a solid management team. CEO Henry Gerkens has been at the helm since 2004, and has held a number of roles (including COO) during his 20-year-plus tenure …
… annual rate.We believe Landstar possesses a solid management team and sound corporate governance policies. CEO Henry Gerkens has been at the helm since 2004 and has held a number of roles, such as COO, during his roughly 20-year tenure …
… prices have probably contributed to a number of small carriers' survival despite the weak business environment. CEO Henry Gerkens said he is cautiously optimistic about the remainder of 2009, although he said the fourth quarter has been known to …
… declined sequentially, and automotive revenue dropped 31%. We're scrounging for any sign of recovery, so CEO Henry Gerkens ' remark that automotive demand has stabilized caught our attention. Compounding the malaise of low volume, truckload …
… for other trucking firms) freight markets, and truckers continue to bid rates down to win loads. However, CEO Henry Gerkens indicates that week-to-week sequential volume declines have leveled off and now appear to have stabilized. This …
… reflect the gravity of management's take on the current environment. December shipments fell off a steep 15%. CEO Henry Gerkens calls this the worst freight environment he has seen. Accordingly, Landstar is reducing salaried employee head count …
… market responds to high fuel prices, given railroad's superior fuel efficiency and improved service levels. CEO Henry Gerkens reported a shift in trucking market conditions during the second quarter. During 2007 and the first quarter of 2008 …