Landstar

Business, Top 100

Landstar VP, CFO Kevin Stout Transitions to Advisory Role

Landstar truck Landstar System Inc.

Landstar System Inc. announced Chief Financial Officer Kevin Stout stepped down Nov. 2, but will remain at the company as special adviser to President Jim Gattoni.

November 9, 2020
Business, Top 100

Landstar VP, CFO Kevin Stout Transitions to Advisory Role

Landstar truck Landstar

Landstar System Inc. announced that Kevin Stout ended his role as vice president and chief financial officer Nov. 2 and will become special adviser to company President Jim Gattoni.

Connor D. Wolf | Staff Reporter
November 6, 2020
Business, Logistics, Top 50, Top 100

Landstar System Reports Net Income, Revenue Increase for Q3

Landstar truck For Landstar, truckload volumes increased in the third quarter by 3% compared to the third quarter of 2019. (John Sommers II for Transport Topics)

Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.

Connor D. Wolf | Staff Reporter
October 21, 2020
Business, Logistics, Top 50, Top 100

Landstar Reports Lower Net Income in Q2

Landstar System truck Landstar CEO Jim Gattoni said independent business capacity operators and agents were paid an extra $50 for hauling loads starting in April. (Landstar System Holdings Inc.)

Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.

Connor D. Wolf | Staff Reporter
July 23, 2020
Business, Logistics, Top 100

Landstar Reports $927.6 Million Revenue for Q1

Landstar truck Landstar System Inc.

Landstar System Inc. reported lower first-quarter net income of $40.9 million, or diluted earnings per share of $1.04, compared with $63.3 million, or $1.58, in the same period a year ago.

Connor D. Wolf | Staff Reporter
April 23, 2020
Business

Landstar Begins Work on New Orientation Center

Landstar Andy Hardaker, (left) project manager at Elkins Construction, with Rocco Davanzo, Landstar Transportation Logistics executive vice president of capacity development, stand in front of a sign at the new center. (Landstar)

Landstar System began construction on a new orientation center for its exclusive independent owner-operators in Georgia, the company announced April 7.

April 9, 2020
Business, Top 100

Landstar Profits, Revenue Hurt by Weak Manufacturing Sector

Landstar A Landstar truck. (John Sommers II for Transport Topics)

Landstar System Inc. saw fourth quarter and 2019 earnings and revenue fall as the company dealt with sluggish trucking conditions and difficult comparisons with record 2018 financial results.

Jerry Hirsch | Contributing Writer
February 5, 2020

Landstar Profits Down 10.9% to $152.6 Million in Q3

Landstar truck Landstar System Inc.

Landstar System Inc. said weakening manufacturing activity and softer freight-hauling demand led to smaller profits in the third quarter of 2019.

Jim Stinson | Staff Reporter
October 24, 2019
Government, Business

Landstar Reports Record Earnings Per Share in 2Q

Landstar truck Landstar System Inc.

Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago.

Jim Stinson | Staff Reporter
July 24, 2019
Business

Landstar System Reports Record Per-Share Result in First Quarter

Landstar System Tom Biery/Trans Pixs

Landstar System on April 24 reported a record first-quarter earnings per share price of $1.58 on net income of $63.3 million, which compares with $1.37 per share on income of $57.5 million during the same period a year ago — beating Wall Street expectations.

Dan Ronan | Associate News Editor
April 24, 2019

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