Landstar System

And I'm like, no, there has to be enforcement.

You know, Landstar, to their credit, when they were, I used to have a lot more respect for them.

They had their own internal police structure.

Their enforcement wasn't like life or death.

TQL also has to think about what comes next.

Potentially Landstar, J.B. Hunt.

There are other players who have to think about what their strategic moves are.

One thing that came up in some of the, um, uh, interviews yesterday was, you know, is there gonna be a purchase price benefit to Robinson from the deal compared to the peer group? And is that, you know, does that become a, such a meaningful pricing advantage that, um, you know, that all the, uh, competitors have to do something? I don't, I don't, I think, you know, Robinson was already at scale.

Two, TQL.

J.B. Hunt, uh, three.

Worldwide Express, RXO, Echo, Arrive, Landstar, Schneider, Mode.

I don't see a lot of acquisitions outside [laughs] of RXO, CH, and Echo are sort of the only players that have, uh, have really gr- and Worldwide Express, o' course.

They're playing for the long term.

But there's no movement on Landstar.

And in fact, they went down

a little.

I know it is.

I know it's not the same.

I know that Wall Street investors love to categorize Landstar as a broker.

And yes, it has a large broker.

What's going on with Werner? Packer.

Landstar.

UPS.

One thing in common.

That's just one.

Landstar four.

FedEx six.

That's a driver.