Landstar System Inc (NAS:LSTR)
$ 175.08 -1.18 (-0.67%) Market Cap: 6.23 Bil Enterprise Value: 5.82 Bil PE Ratio: 30.23 PB Ratio: 6.13 GF Score: 85/100
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Landstar System Inc at Deutsche Bank Global Industrials & Materials Summit Transcript

Jun 05, 2019 / 08:25PM GMT
Release Date Price: $100.18 (+0.24%)
Amit Singh Mehrotra
Deutsche Bank AG, Research Division - Director and Senior Research Analyst

We're going to get started. It's the last session of the day before cocktails. So it's probably the most eventful because Landstar just put out an 8-K saying they may not meet the low end of their expectations for 2Q. So obviously, actually not overly surprising given what's happening in the truckload market to be quite honest, but it will be a good chat. So very happy to introduce Jim Gattoni, CEO -- President and CEO of Landstar. Kevin Stout's in the audience, CFO -- VP and CFO of Landstar. Thanks so much for joining us. Really appreciate it.

So why don't we just start with what's going on. I mean the pricing environment is obviously weaker, everybody already knows that. Just talk to us about the volume and pricing environment of the business and what you're seeing on a real-time basis.

James B. Gattoni
Landstar System, Inc. - President, CEO & Director

Well, actually I'm going to -- as I said earlier, I think a good way of explaining it is if I can

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