Landstar System Inc

LSTR: XNAS (USA)
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Landstar Earnings: Margins Disappoint but Have Probably Bottomed

Landstar System’s fourth-quarter gross revenue rose 0.5% year over year as an encouraging uptick in pricing (revenue per load) was mostly offset by lower dry van volume. Net revenue fell 5%, however, on gross margin (net revenue/gross revenue) deterioration from rising spot rates paid for capacity.

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