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 record quarterly revenue of $1.734 billion for Q3 2021, marking a 60% increase from Q3 2020's $1.086 billion. Net income also reached a record $98.7 million, with diluted EPS at $2.58, compared to $61.9 million and $1.61 respectively from the previous year. Operating income grew to $131.4 million, up 60% year-over-year. The company anticipates continued strong performance in Q4, projecting revenue between $1.70 billion and $1.75 billion.
Landstar System, Inc. (NASDAQ:LSTR) announced that it will release its third quarter 2021 financial results on October 20, 2021, after market close. The following day, on October 21, 2021, at 8:00 a.m. ET, the company will host a conference call to discuss the results and outlook. Interested parties can access the webcast on their investor site. For those unable to attend, a telephone replay will be available for 48 hours. Landstar is recognized for providing asset-light integrated transportation management solutions.
Landstar System, Inc. (LSTR) achieved record net income of $92.3 million, or $2.40 per diluted share, in Q2 2021, with total revenue of $1.571 billion. This marks a significant increase from $24.3 million in net income on $824 million revenue in Q2 2020. Gross profit also hit a record at $220.8 million. Compared to Q1 2021, revenue rose by $283 million, with truckload revenue constituting 92% of total revenue. A quarterly dividend of $0.25 per share was declared, marking a 19% increase. Expectations for Q3 2021 forecast continued strong performance with revenue projected between $1.55 billion to $1.60 billion.
Landstar System, Inc. (NASDAQ:LSTR) announced it will release its 2021 second quarter results on July 21, 2021, after market close. A conference call for analysts and investors is scheduled for July 22, 2021, at 8:00 a.m. ET to discuss the results and outlook. The call will be accessible via webcast and a telephone replay will be available for 48 hours post-call. Landstar is recognized for providing asset-light integrated transportation management solutions, ensuring safety and specialization through a vast network of agents and capacity providers.
Landstar System, Inc. (NASDAQ:LSTR) will participate in the KeyBanc Capital Markets' Virtual Industrials & Basic Materials Conference. The fireside chat is scheduled for June 1 at 11:20 a.m. ET, and will be streamed live on the company's investor relations website. The presentation will remain accessible until June 8. Landstar specializes in integrated transportation management solutions and operates with an asset-light model, ensuring safe and specialized services through a vast network. The company is ISO certified for quality management and environmental safety.
Landstar System, Inc. (NASDAQ:LSTR) has appointed Fred Pensotti as Chief Financial Officer, effective immediately. Pensotti brings over 20 years of experience in financial leadership roles across various industries, including his previous position as CFO of One Call, a healthcare-related services company with $1.5 billion in revenue. Landstar's CEO, Jim Gattoni, highlighted Pensotti's proven success in enhancing operational performance and driving shareholder value. Pensotti aims to work closely with stakeholders to build on the company's growth and innovation in the freight transportation sector.
Landstar System, Inc. (NASDAQ:LSTR) will participate in Oppenheimer’s 16th Annual Industrial Growth Conference on May 4, 2021, starting at 10:30 a.m. ET. The event will include a live 'fireside chat' broadcast available online at Landstar’s investor website. The presentation can be accessed through May 11, 2021. For further inquiries regarding the webcast, investors can contact Landstar’s Investor Relations at 904-390-1334 or via email.
Landstar is an asset-light provider of integrated transportation management solutions, certified in quality and safety management standards.
Landstar System reported record financial results for Q1 2021, achieving net income of $77.2 million ($2.01 per diluted share) on record revenue of $1.288 billion, up 39%, 89%, and 93% respectively from Q1 2020. Gross profit reached $189.2 million, a 32% increase. Truck transportation revenue comprised 93% of total revenue, with van and platform equipment revenues showing significant growth. The company anticipates Q2 2021 revenue between $1.40 billion - $1.45 billion and EPS between $2.20 - $2.30.
Landstar System, Inc. (NASDAQ:LSTR) will release its 2021 first quarter results on April 21, 2021, after market close. A quarterly conference call for analysts and investors is scheduled for April 22, 2021, at 8:00 a.m. ET to discuss results and outlook. The call can be accessed via webcast through the company’s investor relations page. A telephone replay will also be available for 48 hours post-call. Landstar is known for its asset-light integrated transportation management solutions.
Landstar System, Inc. (NASDAQ:LSTR) has announced its participation in the Stifel 2021 Virtual Transportation and Logistics Conference. The fireside chat is scheduled for February 9 at 10 a.m. EST and will be live-streamed on the company's website. Interested parties can access the presentation through February 16. Landstar is an asset-light provider of integrated transportation management solutions, specializing in safe and specialized transportation services.
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