Landstar’s Fourth-Quarter Load Volume Solid Despite Sluggish Trucking-Industry Demand
Wide-moat highway broker Landstar’s fourth-quarter gross revenue increased 5% year over year, ahead of our forecast on better-than-expected load growth. Some of that volume growth stems from an extra work week in this year’s quarter and benefits from the timing of Christmas. However, underlying volume gains were still impressive considering lackluster demand across the broader trucking landscape, and the outperformance likely relates to strength among e-commerce customers. The firm’s profitabili...Landstar System is an asset-light provider of integrated transportation management solutions. The company provides services to its customers across transportation modes, throughout the U.S. and to a lesser extent in Canada and Mexico, and between the U.S. and Canada, Mexico and other countries around the world. The company has two segments: transportation logistics, which provides truck services, rail intermodal services, as well as air and ocean services; and insurance, which is comprised of Signature Insurance Company, an offshore insurance subsidiary, and Risk Management Claim Services, Inc. The company's insurance segment provides risk and claim management services to certain of its operating subsidiaries.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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