Tight Truckload Market Capacity a Strong Tailwind for Moatworthy Truck Brokers Like Landstar
Wide-moat highway broker Landstar posted another robust increase in gross revenue, which was up 27% year over year (33% year to date), mostly in line with our expected run rate. The core truck transportation operations are still firing on all cylinders, as they’ve been all year, with solid load-volume growth and historically strong pricing. Growth rates moderated sequentially on tougher comparisons, but we've already been baking that into our assumptions. Relative to third-quarter 2017, a rapid ...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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