Report
Matthew Young
EUR 100.00 For Business Accounts Only

Upstart Digital Truck Brokers Not in the Fast Lane to Disrupt Moatworthy Incumbents

Because of high investor interest, we took another close look at the upstart digital freight-matching companies, or DFMs. A few have changed course, but most are still trying to disrupt the traditional truck brokers, supported by a spike in venture capital funding. Uber Freight, Convoy, and Transfix have emerged as front-runners, at least in terms of gross revenue, but we suspect net revenue run rates remain low and operating margins are negligible. DFMs are trying to penetrate asset-light truck...
Underlying
Landstar System Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Matthew Young

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