Tightening Truckload Capacity Drives an Impressive Pricing Surge in Landstar’s 4Q
In the fourth quarter, wide-moat highway broker Landstar’s total gross revenue increased a robust 18% year over year and came in ahead of our expectations because of higher-than-anticipated pricing gains. A rapid rebound in spot-pricing conditions across the truckload industry in the second half of 2017 (driven by materially tightening capacity) and broad-based demand improvement (dry van and flatbed) drove the revenue increase. The underlying market improvement isn’t a surprise, but we didn’t e...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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