Landstar says April yields ‘significantly’ outpacing seasonality
Freight broker Landstar System said Tuesday that the market is in the early stages of an upcycle. It reported notable yield growth during the first quarter, propelling financial results past analysts’ expectations. Landstar (NASDAQ: LSTR) reported first-quarter earnings per share of $1.16, which was 31 cents higher year over year and 4 cents better than the consensus estimate. (The 2025 first quarter included a 10-cent hit tied to supply chain fraud.) Consolidated revenue of $1.17 billion was 2% higher y ...