landstar

Business

Landstar Posts Record Profits, Revenue in 4Q

Landstar Landstar

Landstar System said it reached a key milestone in the fourth quarter of 2017 with revenue topping $1 billion for the first time and earning record profits from its asset-light trucking and freight brokerage operations.

January 31, 2018
Business, Logistics, Top 50

Logistics Revenues Due to Go Up in Quarterly Reports, but Margins Still Drag Down Profits

XPO Logistics

Third-party logistics firms capitalized on stronger demand to transport freight this summer but spent more to purchase trucks, resulting in what Wall Street analysts predict will be a mixed-earnings season.

Ari Ashe | Staff Reporter
October 11, 2017
Business

Landstar Tops Second-Quarter Forecasts With Net Income, Revenue

Landstar in the desert Landstar System

Truckload carrier and logistics provider Landstar System produced broad-based improvement among its services and generated second-quarter increases in net income and revenue, topping the consensus estimate of analysts by 2 cents a share.

Jonathan S. Reiskin | Associate News Editor
July 26, 2017
Business

Landstar Reports Record 1Q Revenue, Earnings, Loads Carried by Truck

John Sommers II for TT

Landstar System Inc. reported record first-quarter revenue and earnings per share, and net income climbed.

Transport Topics
April 26, 2017
Business

Landstar Boosts Profits, Easily Surpasses Forecasts

Landstar System Inc.

Landstar System Inc. profits improved 4.5% in the fourth quarter compared with 2015, besting estimates from industry analysts for one of the few bright spots among trucking companies during earnings season.

Transport Topics
February 1, 2017
Business

Landstar Third-Quarter Earnings Decline 7.8%

Landstar System Inc.

Landstar System Inc. reported third-quarter net income fell 7.8% to $36.3 million, or 86 cents per share, hurt by a drop in flatbed freight loads and revenue

Transport Topics
October 19, 2016
Business

Landstar Second Quarter Earnings Drop 20%; Marten 2Q Net Rises 2.1%

Landstar System Inc.

Landstar System Inc. net income tumbled 20%, hurt by a combination of weaker trucking results and accident costs, while Marten Transport Ltd. earnings rose 2.1%, helped by dedicated and intermodal results as well as gains on equipment sales.

Transport Topics
July 21, 2016
Business

Landstar Lowers First-Quarter Profit Outlook

Landstar System Inc.

Landstar System Inc. lowered its first-quarter earnings outlook by as much as 5 cents per share due to higher than expected insurance costs and lower than forecast revenue.

Transport Topics
March 30, 2016
Business

Landstar Appoints New Chairman, Sets Stock Buyback

Landstar System said May 22 that Diana Murphy has been named nonexecutive chairman of the board, effective May 19, and that it raised to 3 million the amount of its stock shares it intends to purchase.

Transport Topics
May 22, 2015
Business

Landstar Reports Record 3Q Profit

Landstar System Inc.

Landstar System said its third-quarter profit climbed 25.7% to a record high, driven by “very strong” demand for trucking services.

Transport Topics
October 23, 2014

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