Landstar System, Inc. (NASDAQ:LSTR) provided a guidance update on Q2/23. Relative to its issued guidance on April 26, the company now anticipates revenue to be in the range of $1.325–1.375 billion (down 33% to 30% year-over-year), vs. $1.400–1.450 billion previously.

It now expects Q2 diluted EPS to be $1.75–1.85 (down 43% to 39%) vs. $1.90–2.00 previously. The company’s updated guidance reflects truckload volume currently trending below Q2/22 by 16–18% vs. its previous guidance of a year-over-year decrease of 14–16%.