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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JACKSONVILLE, Fla., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ-LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 4, 2023, its Board of Directors increased the number of shares of its common stock that the Company is authorized to purchase under its stock purchase program to 3,000,000. The increase to the share purchase program reflects a new authorization to purchase 319,332 shares of Landstar System common stock in addition to the remaining capacity under the existing authorization to purchase 2,680,668 shares.

Landstar Announces Increase to Stock Purchase Program and Special Dividend

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Landstar System, Inc.'s Board of Directors announced it has named Frank A. Lonegro to succeed James B. Gattoni as President & CEO, effective Feb. 2, 2024.

Frank A. Lonegro to Succeed James B. Gattoni as Landstar CEO

Landstar System (LSTR) is a Zacks Rank #5 (Strong Sell) and has seen earnings estimates slide lower recently despite a good history of beating Zacks Consensus Estimate. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.

Bear Of The Day: Landstar System (LSTR)

High operating expenses and weak freight market conditions represent major headwinds at Landstar (LSTR).

Here's Why Investors Should Give Landstar (LSTR) a Miss Now

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Landstar (LSTR) reported earnings 30 days ago. What's next for the stock?

Why Is Landstar (LSTR) Up 6.7% Since Last Earnings Report?

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JACKSONVILLE, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today its participation in Stephens 2023 Annual Investment Conference. Landstar's "fireside chat" discussion begins at 1:00 p.m. ET on Tuesday, November 14. It will be broadcast live via the Internet at www.investor.landstar.com; click on "Webcasts." The Stephens 2023 Annual Investment Conference webcast will be available on Landstar's website through November 22. For more information about the webcast, please contact Landstar's Investor Relations department at 904-390-1305 or email dtempleton@landstar.com.

Landstar to Participate in Stephens 2023 Annual Investment Conference

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Landstar's (LSTR) third-quarter 2023 earnings and revenues decrease year over year.

Landstar (LSTR) Q3 Earnings Beat Estimates, Revenues Lag

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Landstar System, Inc. (NASDAQ:LSTR ) Q3 2023 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Jim Gattoni - President and CEO Jim Todd - CFO Joe Beacom - VP, Chief Safety & Operations Officer Conference Call Participants Scott Group - Wolfe Research Jason Seidl - TD Cowen Jack Atkins - Stephens Inc. Stephanie Moore - Jefferies Andrew Cox - Stifel Operator Good morning, and welcome to Landstar System Incorporated's Third Quarter Earnings Release Conference Call. All lines will be in a listen-only mode until the formal question-and-answer session.

Landstar System, Inc. (LSTR) Q3 2023 Earnings Conference Call Transcript

The headline numbers for Landstar (LSTR) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Landstar (LSTR) Reports Q3 Earnings: What Key Metrics Have to Say

Landstar System (LSTR) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $2.76 per share a year ago.

Landstar System (LSTR) Surpasses Q3 Earnings Estimates

JACKSONVILLE, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion. Landstar reported EPS of $2.76 on revenue of $1.816 billion in the 2022 third quarter.

Landstar System Reports Third Quarter Revenue of $1.289B and Earnings Per Share of $1.71

Landstar (LSTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Landstar System (LSTR) Q3 Earnings Expected to Decline

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JACKSONVILLE, Fla., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today it will release its 2023 third quarter results after the market closes on Wednesday, October 25, 2023. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, October 26, 2023 at 8:00 a.m. ET to discuss the third quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Third Quarter 2023 Earnings Release Conference Call."

Landstar to Release Third Quarter Results on Wednesday, October 25, 2023

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Improvement in freight demand and consistent shareholder-friendly initiatives bode well for the stocks in the trucking industry.

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Landstar (LSTR) continues to grapple with high operating expenses and driver shortage-led headwinds.

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Landstar's (LSTR) second-quarter 2023 earnings and revenues decrease year over year.

Landstar (LSTR) Q2 Earnings & Revenues Surpass Estimates

Landstar System, Inc. (NASDAQ:LSTR ) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Jim Gattoni - President & CEO Jim Todd - VP & CFO Joe Beacom - VP, Chief Safety & Operations Officer Conference Call Participants Jonathan Chappell - Evercore ISI Scott Group - Wolfe Research Jack Atkins - Stephens Bascome Majors - Susquehanna Stephanie Moore - Jefferies Bruce Chan - Stifel Nicolaus Scott Schneeberger - Oppenheimer Operator Good morning, and welcome to Landstar System, Inc.'s Second Quarter Earnings Release Conference Call. All lines will be in a listen-only mode until the formal question-and-answer session.

Landstar System, Inc. (LSTR) Q2 2023 Earnings Call Transcript

News for Landstar System Stock (LSTR)