Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments, Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload service providers. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment reinsures certain risks of the company's independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was incorporated in 1991 and is headquartered in Jacksonville, Florida.
IPO Year: 1993
Exchange: NASDAQ
Website: landstar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/3/2025 | $161.00 → $145.00 | Hold | TD Cowen |
| 3/13/2025 | $160.00 | Hold | Truist |
| 11/15/2024 | Outperform → Mkt Perform | Raymond James | |
| 10/30/2024 | $176.00 → $174.00 | Hold | TD Cowen |
| 7/31/2024 | $171.00 → $176.00 | Hold | TD Cowen |
| 7/11/2024 | Outperform → Peer Perform | Wolfe Research | |
| 5/15/2024 | $205.00 | Outperform | Raymond James |
| 1/10/2024 | $205.00 | Peer Perform → Outperform | Wolfe Research |
| 12/11/2023 | $186.00 | Neutral | JP Morgan |
| 8/17/2023 | $209.00 | Neutral | UBS |
JACKSONVILLE, Fla., March 18, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions, today announced that two Landstar veterans have been promoted to lead Landstar's sales organization as executive officers of the Company. Effective today, Matt Dannegger has been appointed Chief Field Sales Officer, and Jim Applegate has been appointed Chief Corporate Sales, Strategy and Specialized Freight Officer. "Together, Matt and Jim will lead the sales team as we align the organization for future growth and success. They are a great blend of complementary capabilities and I'm excited to have them le
JACKSONVILLE, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $0.85 in the 2025 first quarter on revenue of $1.153 billion. "The Landstar team of independent business owners and employees continued to perform admirably, despite a highly unpredictable macro-economic backdrop," said Landstar President and Chief Executive Officer Frank Lonegro. "I was encouraged by the number of loads hauled via truck in the quarter. Importantly, this was the first time in fifteen years that the number of loads hauled via truck during the first quarter exceeded the immediately preceding four
JACKSONVILLE, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2025 first quarter results before the market opens on Tuesday, May 13, 2025, and will then hold its quarterly conference call with analysts and investors at 8:30 a.m. ET that morning to discuss the first quarter results. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's First Quarter 2025 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telephone replay number for the U.
JACKSONVILLE, Fla., April 25, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") announced today that it has rescheduled its 2025 first quarter earnings release and conference call with analysts and investors for Tuesday, May 13, 2025. The earnings release and conference call were previously scheduled for Tuesday, April 29, 2025. The Company also currently anticipates filing today a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission, which will provide the Company with a five-calendar day extension to file its Form 10-Q for the 2025 first quarter no later than May 13, 2025. The Company expects to file its Quart
JACKSONVILLE, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.31 in the 2024 fourth quarter on revenue of $1.209 billion. "The Landstar team of independent business owners and employees continued to perform admirably, despite the continuation of a challenging freight backdrop," said Landstar President and Chief Executive Officer Frank Lonegro. "I was encouraged to see year-over-year quarterly revenue growth for the first time since the 2022 third quarter. The year-over-year revenue growth was achieved via a sequential increase in overall truck pricing as compared to t
JACKSONVILLE, Fla., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 fourth quarter results after the market closes on Wednesday, January 29, 2025, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that evening to discuss the fourth quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Fourth Quarter 2024 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The tele
JACKSONVILLE, Fla., Dec. 10, 2024 (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 9, 2024, its Board of Directors has declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 21, 2025, to stockholders of record as of the close of business on January 7, 2025. "Landstar's strong balance sheet and free cash flow generation enable us to continue to return value to our stockholders," said Landstar President and Chief Executive Officer Frank Lonegro. The Company purc
JACKSONVILLE, Fla., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company"), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today two changes to its executive leadership team, effective December 1, 2024: Joe Beacom has been named President of Company subsidiary, Landstar System Holdings, Inc., and each of its agent-based transportation services companies.Matt Miller has been named Vice President and Chief Safety and Operations Officer of the Company, succeeding Mr. Beacom in that role. "With three decades of exemplary leadership and bro
JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.41 in the 2024 third quarter on revenue of $1.214 billion. "Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop," said Landstar President and Chief Executive Officer Frank Lonegro. "I was encouraged that Landstar achieved a 3.2% sequential increase in truck revenue per load compared to the 2024 second quarter, outperforming typical seaso
JACKSONVILLE, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that evening to discuss the third quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Third Quarter 2024 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telepho
JACKSONVILLE, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.48 in the 2024 second quarter on revenue of $1.225 billion. "The Landstar network of independent business owners performed admirably in a challenging freight transportation environment," said Landstar President and Chief Executive Officer Frank Lonegro. "During the second quarter, we were encouraged to see our first sequential quarter-to-quarter revenue increase since the 2022 second quarter. Revenue in the 2024 second quarter grew 5% sequentially following seven quarters of sequential revenue declines. As
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
10-Q - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
NT 10-Q - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
DEF 14A - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
10-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
SCHEDULE 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
TD Cowen reiterated coverage of Landstar System with a rating of Hold and set a new price target of $145.00 from $161.00 previously
Truist initiated coverage of Landstar System with a rating of Hold and set a new price target of $160.00
Raymond James downgraded Landstar System from Outperform to Mkt Perform
TD Cowen reiterated coverage of Landstar System with a rating of Hold and set a new price target of $174.00 from $176.00 previously
TD Cowen reiterated coverage of Landstar System with a rating of Hold and set a new price target of $176.00 from $171.00 previously
Wolfe Research downgraded Landstar System from Outperform to Peer Perform
Raymond James resumed coverage of Landstar System with a rating of Outperform and set a new price target of $205.00
Wolfe Research upgraded Landstar System from Peer Perform to Outperform and set a new price target of $205.00
JP Morgan initiated coverage of Landstar System with a rating of Neutral and set a new price target of $186.00
UBS initiated coverage of Landstar System with a rating of Neutral and set a new price target of $209.00
JACKSONVILLE, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $0.85 in the 2025 first quarter on revenue of $1.153 billion. "The Landstar team of independent business owners and employees continued to perform admirably, despite a highly unpredictable macro-economic backdrop," said Landstar President and Chief Executive Officer Frank Lonegro. "I was encouraged by the number of loads hauled via truck in the quarter. Importantly, this was the first time in fifteen years that the number of loads hauled via truck during the first quarter exceeded the immediately preceding four
JACKSONVILLE, Fla., May 09, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2025 first quarter results before the market opens on Tuesday, May 13, 2025, and will then hold its quarterly conference call with analysts and investors at 8:30 a.m. ET that morning to discuss the first quarter results. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's First Quarter 2025 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telephone replay number for the U.
JACKSONVILLE, Fla., April 25, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") announced today that it has rescheduled its 2025 first quarter earnings release and conference call with analysts and investors for Tuesday, May 13, 2025. The earnings release and conference call were previously scheduled for Tuesday, April 29, 2025. The Company also currently anticipates filing today a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission, which will provide the Company with a five-calendar day extension to file its Form 10-Q for the 2025 first quarter no later than May 13, 2025. The Company expects to file its Quart
JACKSONVILLE, Fla., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.31 in the 2024 fourth quarter on revenue of $1.209 billion. "The Landstar team of independent business owners and employees continued to perform admirably, despite the continuation of a challenging freight backdrop," said Landstar President and Chief Executive Officer Frank Lonegro. "I was encouraged to see year-over-year quarterly revenue growth for the first time since the 2022 third quarter. The year-over-year revenue growth was achieved via a sequential increase in overall truck pricing as compared to t
JACKSONVILLE, Fla., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 fourth quarter results after the market closes on Wednesday, January 29, 2025, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that evening to discuss the fourth quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Fourth Quarter 2024 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The tele
JACKSONVILLE, Fla., Dec. 10, 2024 (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 9, 2024, its Board of Directors has declared a special one-time cash dividend in the amount of $2.00 per share, payable on January 21, 2025, to stockholders of record as of the close of business on January 7, 2025. "Landstar's strong balance sheet and free cash flow generation enable us to continue to return value to our stockholders," said Landstar President and Chief Executive Officer Frank Lonegro. The Company purc
JACKSONVILLE, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.41 in the 2024 third quarter on revenue of $1.214 billion. "Consistent with the first half of 2024, the freight environment during the third quarter remained challenging. The Landstar team of independent business owners and employees continued to perform admirably given this backdrop," said Landstar President and Chief Executive Officer Frank Lonegro. "I was encouraged that Landstar achieved a 3.2% sequential increase in truck revenue per load compared to the 2024 second quarter, outperforming typical seaso
JACKSONVILLE, Fla., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and will then hold its quarterly conference call with analysts and investors at 4:30 p.m. ET that evening to discuss the third quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Third Quarter 2024 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telepho
JACKSONVILLE, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.48 in the 2024 second quarter on revenue of $1.225 billion. "The Landstar network of independent business owners performed admirably in a challenging freight transportation environment," said Landstar President and Chief Executive Officer Frank Lonegro. "During the second quarter, we were encouraged to see our first sequential quarter-to-quarter revenue increase since the 2022 second quarter. Revenue in the 2024 second quarter grew 5% sequentially following seven quarters of sequential revenue declines. As
JACKSONVILLE, Fla., July 16, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 second quarter results after the market closes on Tuesday, July 30, 2024, and will then hold its quarterly conference call with analysts and investors at 5:00 p.m. ET that evening to discuss the second quarter results and current outlook. To access the webcast, visit investor.landstar.com; click on "Webcasts"; and then "Landstar's Second Quarter 2024 Earnings Release Conference Call." For those unable to participate in the live call, or for those who do not have access to the Internet, the call will be available on telephone replay for 48 hours. The telephone
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
4 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)
SC 13G/A - LANDSTAR SYSTEM INC (0000853816) (Subject)