Stifel reiterates TFI International stock rating on data center freight outlook

Lucky Strike Entertainment reported a 3.5% improvement in same-store sales, driven by retail bowling and food sales growth. California underperformed, leading to restructuring. The company reduced capital expenditure by 19% and issued conservative fiscal 2027 EBITDA guidance of $340M-$360M. Management plans to shed 10 properties and focus on higher-performing markets.

A US Supreme Court ruling in May has exposed freight brokers to lawsuits over carrier accidents, leading to a $604M damage award against CH Robinson Worldwide Inc. and others. Brokers are reducing carrier networks, insurance premiums are rising, and shares of CHRW, LSTR, and RXO have fallen. The ruling may increase freight costs and benefit larger brokers.

Trucking and logistics stocks are set for their worst month in over a year as legal risk rises after a Dallas County jury preliminary verdict against CH Robinson Worldwide, tied to a May Supreme Court ruling that may enable lawsuits against brokers for injuries from motor carriers. CH Robinson shares are down 21% this month; RXO and Landstar also fell amid weak earnings and outlooks.

Strategic Performance Drivers and Market Dynamics Management attributed the 18% year-over-year revenue growth to a rapid shift in market conditions favoring transportation providers, marking the first time since 2021 that Q2 volumes outpaced pre-pandemic seasonality. The heavy haul service offering emerged as a primary growth engine, with revenue increasing 18% driven by robust demand in data center infrastructure, aerospace, and energy sectors.

Landstar System held its Q2 2026 earnings call. Management said it renewed its insurance coverage for 12 months and believes it is adequately protected after the Montgomery nuclear verdict. It reported a net increase of 68 trucks in Q2, a 10th straight quarter of turnover improvement, and July truck revenue per load about 26% above July 2025. The company discussed AI and technology investments and selective M&A.

Landstar System reported Q2 revenue of $1.432 billion, up 18% year over year, driven by higher truck volumes and revenue per load. EPS was $1.44 versus $1.46 expected, hurt by higher insurance and claims expenses tied to unfavorable prior-year developments. The company raised its quarterly dividend 10% to $0.44 per share.