AllAnalyst Report
logoMorningstarJuly 23, 2021

Landstar System, Inc.: Landstar’s Q2 Results Continue To Surge on Extremely Tight TL Capacity and Retailer Restocking

Symbols
LSTR
Sector(s)
Industrials
Rating
Current Price
$158.85
Fair Value
Economic Moat
Stewardship
Summary

Landstar System is an asset-light third-party logistics provider focused on over-the-road truck transportation (92% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators.

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Analyst Profile

Matthew Young

Equity Analyst
Matthew Young, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers transportation and logistics firms.Before joining Morningstar in 2010, Young spent five years as an equity research associate at William Blair, where he covered logistics and commercial-services firms.Young holds a bachelor's degree from Wheaton College and a master's degree in business administration, with concentrations in finance and accounting, from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.