Landstar Continues to Grapple With Weakness in Freight Market

Landstar System, Inc. (LSTR) ) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Landstar is being hurt by reduced demand for freight services and increased truck capacity. Highlighting the weak freight demand, the Cass Freight Shipment Index declined 0.7% year over year in November. This measure has deteriorated year over year since January 2024, confirming the overall declining trend.Due to the weakness in demand, shipment volumes and rates are low ...