Landstar System

Landstar System, Inc. engages in the provision of transportation management solutions. It operates through the following segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers transportation services including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, project cargo, and customs brokerage. The Insurance segment includes risk and claims management services. The company was founded in January 1991 and is headquartered in Jacksonville, FL.

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Landstar System reports record 2022 results, eyes tech investments

Landstar System's 2022 performance was strong, with record revenue and EPS. Challenges in Q4 included lower truck revenue and softer freight environment expected in Q1 2023. The company is investing in technology and focusing on growth opportunities.

Landstar System navigates challenges in Q1 2023, eyes growth opportunities

Landstar System faced a tough Q1 2023 with lower truckload volume and revenue, but its diversified business model and variable compensation programs provide stability. Challenges include lower total loadings and revenue in non-truck services.

Landstar System meets Q2 revenue targets amidst soft demand

Landstar System navigated Q2 2023 with revenue meeting high-end guidance despite soft demand and lower truck volumes.
Challenges include persisting soft demand, potential headwinds in 2024, and a lag in reacting to market changes.
Strengths lie in improving BCO utilization, consistent tech investments, and a focus on long-term capital allocation strategy.
Opportunities include returning to 70% growth of variable contribution by 2025 and potential upturns in late 2023 or early 2024.

Landstar surpasses revenue expectations in Q3 despite operational challenges

Landstar's Q3 2023 performance showed revenue growth exceeding 2019 levels, but challenges persist in truck and other service revenues.
Despite revenue declines in certain segments, Landstar's variable cost model and strategic investments position the company for long-term success.
Operational challenges from lower truckload volumes and external factors require strategic adaptation, but opportunities for growth and efficiency enhancements exist.
Maintaining a focus on operational efficiency, digital innovation, and talent development will be crucial for Landstar to navigate current challenges and seize future opportunities.

Landstar Q4 2023: Revenue Growth Amidst Challenges, Pricing Strategies Key

Landstar's Q4 2023 performance showed revenue growth from 2019 but faced challenges in truck revenue and load volume.
The company's strengths lie in its resilient business model, commitment to revenue splits, and proactive cost management.
Challenges include soft demand, inflationary pressures, and market dynamics, while opportunities exist in pricing strategies and operational enhancements.
To navigate these dynamics, Landstar must adapt to industry changes, monitor cost structures, and capitalize on market trends for sustained growth.

Landstar System exceeds Q1 expectations, eyes growth in cross-border

Landstar System's Q1 2024 earnings call highlighted strong performance, operational resilience, strategic investments in growth areas, and a positive outlook for the upcoming quarter. Challenges include managing revenue declines in certain segments and optimizing cost structures. The company's focus on technology and fleet modernization underscores its commitment to long-term success.

Landstar System focuses on growth initiatives amidst revenue challenges

Landstar System's Q2 2024 earnings call highlighted strategic growth initiatives, share repurchases, and dividend increase amidst challenges of lower truckload volumes and revenue impact from soft demand. The company remains cautiously optimistic about the freight environment and sees opportunities in service quality, cost management, and growth initiatives.

Landstar System faces freight challenges but invests in technology

Landstar System navigated a challenging Q3 2024 with a soft freight environment impacting load volumes and revenue per truckload. Despite this, the company improved accident frequency index and reported revenue per truckload slightly above the prior year.
The focus on technology and continuous improvement has increased efficiency for agents and BCOs, while investments in fleet refreshment and buybacks demonstrate a commitment to long-term growth. Landstar remains optimistic about the future, leveraging its resilient variable cost business model.
While facing challenges such as a decline in gross profit margin and operating income, Landstar's strengths lie in its adaptability, cost advantages for BCOs, and strategic initiatives. Opportunities for growth include enhancing freight matching capabilities and integrating smaller providers.

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XPO Logistics

As legendary investor Stanley Druckenmiller recently put it, we are heading for perhaps the most dramatic moment of pent-up demand being unleashed in the economy (as vaccine-driven herd immunity helps reopen the economy to its full strength) and yet we still have trillions more in stimulus working and on the way over the intermediate term. […]

Logistics Stocks Start to Find Big Interest (NYSE: XPO) (OTC US: MJLB) (NASDAQ: LSTR)

After a rise of over 56% from its March 2020 lows, at the current price of $150 per share, Landstar System stock, a third-party logistics company, appears to be fully valued. LSTR stock has rallied from $96 to $150 off the March 2020 bottom compared to the S&P which moved 75%.

Here's Why Landstar System Stock Looks Overpriced At $150

JACKSONVILLE, Fla., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today its participation in the Stifel 2021 Virtual Transportation and Logistics Conference. Landstar's fireside chat discussion begins at 10 a.m. EST on Tuesday, February 9. It will be broadcast live via the Internet at www.investor.landstar.com; click on "Webcasts." The Stifel presentation will be available on Landstar's website through February 16. For more information about the presentations or webcasts, please contact Landstar's Investor Relations department at 904-390-1334 or email kviergutz@landstar.com.

Landstar To Participate In Stifel 2021 Virtual Transportation And Logistics Conference

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In this article series, we provide a summary of upcoming ex-dividend dates.

Upcoming Ex-Dividend Dates: February 3-12, 2021

Landstar System, Inc. (LSTR) CEO Jim Gattoni on Q4 2020 Results - Earnings Call Transcript

Strength in truckload demand has held up through the first few weeks of 2021, according to management at freight broker Landstar System Inc. (NASDAQ: LSTR). The Jacksonville, Florida-based company held a call with analysts Thursday to recap its fourth-quarter performance and outline its outlook for the new year.

Landstar sees spot market cooling in second half of 2021

Landstar's (LSTR) Q4 results benefit from strong performances of the truck transportation, rail intermodal, and ocean and air cargo carriers segments.

Landstar (LSTR) Q4 Earnings & Revenues Beat, Surge Y/Y

Landstar (LSTR) delivered earnings and revenue surprises of 14.86% and 8.98%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Landstar System (LSTR) Surpasses Q4 Earnings and Revenue Estimates

Truck broker Landstar System Inc. (NASDAQ: LSTR) reported record earnings per share for the fourth quarter of 2020 at $1.70. The result included a one-time cost of $15.5 million, or 31 cents, to buy out the legacy compensation plans of independent sales agents.

Landstar first look: Q4 results and Q1 guide ahead of forecasts

JACKSONVILLE, Fla., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported all-time quarterly records with revenue of $1.296 billion and diluted earnings per share of $1.70 in the 2020 fourth quarter. Diluted earnings per share in the quarter included a previously announced one-time cost of $15.5 million, or $0.31 per diluted share, related to buyouts of certain incentive commission arrangements with several of its independent sales agents due to the Company's discontinuation of a truck owner-operator recruitment and retention program formerly involving those agents. Landstar reported revenue of $994.9 million and diluted earnings per share of $1.27 in the 2019 fourth quarter. Gross profit in the 2020 fourth quarter of $182.4 million, 23 percent above 2019 fourth quarter gross profit of $148.7 million, was also an all-time Landstar quarterly record.

Landstar System Reports All-Time Quarterly Records With Revenue of $1.296 Billion and Diluted Earnings Per Share of $1.70 in the 2020 Fourth Quarter

JACKSONVILLE, Fla., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today it will release its 2020 fourth quarter results after the market closes on Wednesday, January 27, 2021. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, January 28, 2021 at 8:00 a.m. ET to discuss the fourth quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Fourth Quarter 2020 Earnings Release Conference Call."

Landstar to Release Fourth Quarter Results on Wednesday, January 27, 2021

Old Dominion Freight Line

LSTR vs. ODFL: Which Stock Is the Better Value Option?

LSTR or ODFL: Which Is the Better Value Stock Right Now?

Truck broker Landstar System Inc. (NASDAQ: LSTR) announced Wednesday after the market close that it will pay a one-time special dividend of $2 per share on Jan. 22. The Jacksonville, Florida-based company's president and CEO, Jim Gattoni, had indicated during a presentation at an investor conference last month that the cash payment would likely be the preferred method of deploying cash to shareholders.

Landstar announces $2-per-share special dividend

JACKSONVILLE, Fla., Dec. 09, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ-LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 8, 2020, its Board of Directors declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 22, 2021, to stockholders of record as of the close of business on January 8, 2021.

Landstar Announces Special Dividend

Four Transports Stocks for the Reopening Trade (NASDAQ: LSTR) (NASDAQ: ODFL) (OTC: MJLB) (NYSE: XPO)

Knight-Swift Transportation Holdings

The solid readings from October's Cass Freight Shipments Index report are indicative of an improving freight scenario. This rosy picture bodes well for the likes of Knight-Swift (KNX), Landstar System (LSTR) and Norfolk Southern (NSC).

Freight Scene is Picking Up: 3 Transportation Stocks in Focus

Gradual recovery in freight scenario & shareholder-friendly moves bode well for the Landstar (LSTR) stock.

Landstar (LSTR) Shares Rise 15.1% in 6 Months: Here's Why

Truck broker Landstar System Inc. (NASDAQ: LSTR) sees trends improving thus far in the fourth quarter, producing a new earnings expectation “slightly above” the high end of the company's initial guidance range issued during the third-quarter report. Appearing at the Stephens Annual Investment Conference, the Jacksonville, Florida-based company's president, CEO and interim principal financial officer, Jim Gattoni, said improvement in fundamentals has accelerated as the quarter has progressed.

Landstar ups outlook, contends this cycle may not be different

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JACKSONVILLE, Fla., Nov. 10, 2020 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today its participation in Stephens Annual Investment Conference 2020. Landstar President and CEO Jim Gattoni will present an overview of the Company and provide an update with respect to the current level of business activity. Landstar's presentation begins at 10:00 a.m. EST on Wednesday, November 18. It will be broadcast live via the Internet at www.investor.landstar.com; click on "Webcasts". The Stephens Presentation will be available on Landstar's website through November 25. For more information about the presentations or webcasts, please contact Landstar's Investor Relations department at 904-390-1334 or email kviergutz@landstar.com.

Landstar to Participate in Stephens Annual Investment Conference 2020

YRC Worldwide

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today's edition, YRC Worldwide didn't just announce earnings on Monday, it announced a host of changes.

The Daily Dash: YRC taps loan agreement; Landstar's CFO steps down

After the market closed Monday, Landstar System Inc. (NASDAQ: LSTR) announced the resignation of CFO Kevin Stout, effective immediately. The filing with the Securities and Exchange Commission stated that Stout would transition into the role of special adviser to President and CEO Jim Gattoni.

Landstar CFO steps down

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today's edition, Landstar is the latest carrier to predict a strong fourth quarter following its third-quarter earnings results.

The Daily Dash: Q3 earnings continue to shine; M&A hits the skids

Landstar Systems Inc. (LSTR) CEO Jim Gattoni on Q3 2020 Results - Earnings Call Transcript

After posting a second-best third quarter, only to 2018, truck broker Landstar System Inc. (NASDAQ: LSTR) could be closing in on a new record in the fourth quarter. On the company's Thursday earnings call, management said the current truck market, highlighted by high demand and tight capacity, should continue through the quarter, noting that the company is operating at peak levels even though peak season hasn't really kicked in yet.

News for Landstar System Stock (LSTR)