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Madison

Research Analyst at Morgan Stanley

Madison Wells is a First Vice President, Branch Manager, and Financial Advisor at Morgan Stanley, renowned for her expertise in comprehensive wealth management and client portfolio strategy. She has provided personalized advisory services to a broad array of individual and institutional clients, overseeing significant assets and delivering reliable investment performance tailored to client goals. Madison began her financial services career after earning the Certified Investment Management Analyst® (CIMA®) credential and joined Morgan Stanley where she has progressed through various roles to her current leadership position. Her credentials include the CIMA® designation and FINRA registration, underscoring her commitment to professional standards and regulatory compliance.

Madison's questions to LANDSTAR SYSTEM (LSTR) leadership

Question · Q3 2025

Madison from Morgan Stanley asked about the speed at which government business could ramp back up after a shutdown and if the recovery would occur within Q4 or extend into 2026. She also inquired about Landstar's AI usage in brokerage and its differentiation from peers.

Answer

Matt Dannegger, Chief Field Sales Officer, and Frank Lonegro, CEO and President, stated that government business would ramp up quickly, measured in days and weeks, not months or quarters. Frank Lonegro outlined Landstar's AI focus areas: assisting agents (e.g., suggested pricing), BCO retention (identifying potential departures), and internal corporate support for efficiency.

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