Welcome to our dedicated page for Landstar System news (Ticker: LSTR), a resource for investors and traders seeking the latest updates and insights on Landstar System stock.
Landstar System Inc. (LSTR) is a leading asset-light third-party logistics provider, specializing in safe, secure, and reliable transportation services. The company operates through a unique network of small business owners, independent agents, and capacity providers, all united under the Landstar umbrella. With over 1,100 agents, more than 9,000 leased owner-operators, 14,000 trailers, and 44,000 other approved capacity providers, Landstar offers a comprehensive solution to any transportation challenge.
Landstar's core business is domestic truck brokerage, accounting for 90% of its revenue. The company facilitates truck transportation freight, with half of the loads hauled by leased owner-operators and the other half by third-party broker-carriers. Additionally, Landstar provides intermodal, global air and ocean forwarding, and warehousing services. The company also operates a small business offering insurance programs to captive owner-operators.
One of Landstar's key strengths is its agent-based business model. This model allows for personalized local service, backed by the resources of a multi-billion dollar company. This structure enables flexibility and responsiveness to customer needs while maintaining industry-leading execution and profitability.
Recent achievements and ongoing projects demonstrate Landstar's commitment to innovation and continuous improvement. The company invests in internally developed software and other support systems to enhance the efficiency and effectiveness of its operations. Landstar also maintains a robust insurance segment, providing comprehensive coverage options for its network of independent contractors.
As a highly stable and successful organization, Landstar continues to attract new partnerships and expand its service offerings. The company's strategic initiatives and strong financial condition ensure its ability to meet the evolving needs of its customers and maintain a competitive edge in the logistics industry.
For more information on Landstar's services or corporate opportunities, visit http://www.landstar.com or call 877-696-4507. Potential agents and owner-operators can find pre-qualification details on the website as well.
Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share (DEPS) of $2.17 for Q1 2023, down from $3.34 in Q1 2022, amidst challenging freight conditions. Revenue totaled $1.436 billion, compared to $1.971 billion in the same period last year. Gross profit decreased to $152.9 million from $214.6 million. Notably, truckload transportation revenue dropped significantly, reflecting a 14% decrease in revenue per load. Landstar purchased approximately 90,000 shares for $15.4 million and declared a quarterly dividend of $0.30 per share. The company expects Q2 revenue between $1.40 billion and $1.45 billion with projected DEPS of $1.90 to $2.00.
FAQ
What is the current stock price of Landstar System (LSTR)?
What is the market cap of Landstar System (LSTR)?
What services does Landstar System Inc. offer?
How is Landstar's business model structured?
What percentage of Landstar's revenue comes from truck brokerage?
How many agents and owner-operators are part of the Landstar network?
What are some of Landstar's recent achievements?
What type of insurance programs does Landstar offer?
How does Landstar ensure the safety and reliability of its transportation services?
What support does Landstar provide to its network?
How can I get more information about Landstar's services?
Where can potential agents and owner-operators find pre-qualification details?
