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 |
|---|---|---|---|
| 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 |
| 2/6/2023 | $200.00 | Mkt Perform → Outperform | Raymond James |
| 1/9/2023 | $120.00 → $140.00 | Underweight → Equal-Weight | Morgan Stanley |
| 10/25/2022 | $145.00 | Hold | Jefferies |
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
JACKSONVILLE, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today its participation in the Bank of America 2024 Annual Investment Conference. Landstar's "fireside chat" discussion begins at 10:20 a.m. ET on Tuesday, May 14. It will be broadcast live via the Internet at www.investor.landstar.com; click on "Webcasts." The Bank of America 2024 Annual Investment Conference webcast will be available on Landstar's website through May 22. For more information about the webcast, please contact Landstar's Investor Relations department at 904-390-1305 or email [email protected]. About Landstar: Landstar System, Inc., is a technology-enabled, asset-light
JACKSONVILLE, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of business on May 8, 2024. "It's been a privilege to join Landstar and work alongside our customers, independent agents, BCOs, employees and the Board. The Landstar team performed admirably in a challenging freight environment as both the number of loads hauled via truck and
JACKSONVILLE, Fla., April 10, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 first quarter results after the market closes on Wednesday, April 24, 2024. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, April 25, 2024 at 8:00 a.m. ET to discuss the first quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's First 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 t
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., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") reported basic and diluted earnings per share ("EPS") of $1.62 in the 2023 thirteen-week fourth quarter on revenue of $1.204 billion. Landstar reported EPS of $2.60 on revenue of $1.675 billion in the 2022 fourteen-week fourth quarter. The Company's fiscal year ends each year on the last Saturday in December. As such, the Company's 2022 fourth quarter ended on December 31st and included fourteen weeks of operations, whereas the 2023 fourth quarter ended on December 30th and included thirteen weeks of operations. We estimate the extra week in 2022 contributed revenue of a
JACKSONVILLE, Fla. , Jan. 17, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2023 fourth quarter results after the market closes on Wednesday, January 31, 2024. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, February 1, 2024 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 2023 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 avail
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
Raymond James upgraded Landstar System from Mkt Perform to Outperform and set a new price target of $200.00
Morgan Stanley upgraded Landstar System from Underweight to Equal-Weight and set a new price target of $140.00 from $120.00 previously
Jefferies initiated coverage of Landstar System with a rating of Hold and set a new price target of $145.00
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)
3 - LANDSTAR SYSTEM INC (0000853816) (Issuer)
3 - 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)
10-Q - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
10-Q - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
10-Q - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
DEF 14A - LANDSTAR SYSTEM INC (0000853816) (Filer)
10-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
8-K - LANDSTAR SYSTEM INC (0000853816) (Filer)
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
JACKSONVILLE, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") today reported basic and diluted earnings per share ("EPS") of $1.32 in the 2024 first quarter on revenue of $1.171 billion. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.33 per share payable on May 24, 2024, to stockholders of record as of the close of business on May 8, 2024. "It's been a privilege to join Landstar and work alongside our customers, independent agents, BCOs, employees and the Board. The Landstar team performed admirably in a challenging freight environment as both the number of loads hauled via truck and
JACKSONVILLE, Fla., April 10, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2024 first quarter results after the market closes on Wednesday, April 24, 2024. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, April 25, 2024 at 8:00 a.m. ET to discuss the first quarter results and current outlook. To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's First 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 t
JACKSONVILLE, Fla., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) ("Landstar" or the "Company") reported basic and diluted earnings per share ("EPS") of $1.62 in the 2023 thirteen-week fourth quarter on revenue of $1.204 billion. Landstar reported EPS of $2.60 on revenue of $1.675 billion in the 2022 fourteen-week fourth quarter. The Company's fiscal year ends each year on the last Saturday in December. As such, the Company's 2022 fourth quarter ended on December 31st and included fourteen weeks of operations, whereas the 2023 fourth quarter ended on December 30th and included thirteen weeks of operations. We estimate the extra week in 2022 contributed revenue of a
JACKSONVILLE, Fla. , Jan. 17, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2023 fourth quarter results after the market closes on Wednesday, January 31, 2024. The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, February 1, 2024 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 2023 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 avail
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. The Company also
JACKSONVILLE, Fla., Dec. 04, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today that its Board of Directors has named Frank A. Lonegro as President and Chief Executive Officer, effective February 2, 2024. James B. Gattoni, who currently serves as President and CEO, will continue to serve in that role through the date of the Company's 2023 fourth quarter earnings release conference call, currently scheduled for February 1, 2024, following which he will be transitioning to the role of Special Advisor to the CEO before hi
Wolfe Research analyst Scott Group downgrades Landstar System (NASDAQ:LSTR) from Outperform to Peer Perform.
Morgan Stanley analyst Ravi Shanker maintains Landstar System (NASDAQ:LSTR) with a Equal-Weight and lowers the price target from $147 to $145.
Evercore ISI Group analyst Jonathan Chappell maintains Landstar System (NASDAQ:LSTR) with a In-Line and raises the price target from $161 to $173.
Raymond James analyst Felix Boeschen reinstates Landstar System (NASDAQ:LSTR) with a Outperform and announces $205 price target.
Stifel analyst J. Bruce Chan maintains Landstar System (NASDAQ:LSTR) with a Hold and lowers the price target from $166 to $164.
Benchmark analyst Christopher Kuhn reiterates Landstar System (NASDAQ:LSTR) with a Hold.
Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:LSTR) with a Neutral and lowers the price target from $165 to $160.
Landstar System (NASDAQ:LSTR) reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.31 by 0.76 percent. The company reported quarterly sales of $1.171 billion which beat the analyst consensus estimate of $1.122 billion by 4.36 percent. This is a 18.45 percent decrease over sales of $1.436 billion the same period last year.
Susquehanna analyst Bascome Majors maintains Landstar System (NASDAQ:LSTR) with a Neutral and lowers the price target from $170 to $165.
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