Sign in

You're signed outSign in or to get full access.

Bascomee Majors

Senior Industrials Equity Research Analyst at Susquehanna

Bascome Majors is a Senior Industrials Equity Research Analyst at Susquehanna, specializing in the transportation sector with coverage of rail, trucking, and logistics companies including Union Pacific (UNP), Norfolk Southern (NSC), Canadian Pacific Kansas City (CP), CSX, Landstar System (LSTR), Expeditors International (EXPD), Trinity Industries (TRN), Forward Air (FWRD), and Diamondback Energy (FANG). He has demonstrated strong performance with a 61% success rate across 347 ratings on TipRanks, generating an average return of 10.00% per rating, and ranks #743 out of 10,026 Wall Street analysts, highlighted by a standout +327.60% return on his buy call for FANG. Majors has issued 79 ratings at Susquehanna with 51.9% buys and covers 27-33 companies primarily in transportation, industrials, and energy; his professional credentials include expertise in equity research though specific FINRA licenses are not detailed in available sources.

Bascomee Majors's questions to LANDSTAR SYSTEM (LSTR) leadership

Question · Q4 2025

Bascomee Majors from Susquehanna asked whether BCO utilization serves as a leading indicator for fleet growth, or if historical trends primarily show rates as the main driver. He also requested a detailed overview of Landstar's expense outlook for 2026, including pacing and key considerations.

Answer

VP and CFO Jim Todd clarified that BCO utilization generally increases with rising rates, noting a positive surprise in Q4 2025 utilization. Regarding expenses, he outlined a potential $12 million headwind in 2026 from variable compensation programs (incentive and stock comp) if financial targets are met, or a $2-$3 million headwind from stock-based compensation otherwise. He also highlighted potential offsets from gains on disposal of used trailers and reduced maintenance costs due to a van trailer refresh, and expressed hope for tailwinds in insurance costs.

Ask follow-up questions

Fintool

Fintool can predict LANDSTAR SYSTEM logo LSTR's earnings beat/miss a week before the call