Landstar expects owner-operator count to continue falling

• Landstar System’s owner-operator truck count dropped 12% year-over-year in Q3, as high operating costs and low rates persisted, President and CEO Frank Lonegro said on an earnings call Wednesday.
• The number of owner-operator trucks leased onto Landstar slid by 153 from the previous quarter to 9,027, amid a significant increase in truck repair costs and lengthy waits for repairs, he said.
• The carrier expects a continued decline in Q4 “given the challenging operating environment faced by many owner-operators at a pace somewhat similar to the pace experienced during the third quarter,” Lonegro said.

https://www.truckingdive.com/news/landstar-system-owner-operator-count-falls-q3-2024-continue-muted-peak/731701/