Landstar System(LSTR) - 2023 Q3 - Earnings Call Presentation

DESIGNED TO RESPOND BUILT TO DELIVER 2 Non-GAAP Financial Measures: Management believes variable contribution and variable contribution margin are useful measures of the variable costs that we incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent agents in order to provide services to our customers. Management believes that operating income as a percentage of variable contribution is a useful measure as: (i) variable costs of reven ...