Landstar

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
Business

Landstar Sets ‘High-Water Marks’ for Revenue, Profits in 4Q

Landstar truck Landstar System Inc.

Landstar System reported record revenue and profits in the fourth quarter of 2018 and set new “high-water marks” for the number of loads and drivers in 2018, company officials said.

Daniel P. Bearth | Senior Staff Writer
January 30, 2019
Business

Landstar System Posts Another Record Quarter

Landstar System Tom Biery/Trans Pixs

Landstar System reported a big bump in business, posting record earnings and revenue in the third quarter.

Daniel P. Bearth | Staff Writer
October 24, 2018
Business, Logistics

Landstar Analyst Invokes ‘Spaceballs’ in Bullish Freight Thesis

Landstar truck on highway Landstar

Landstar System’s stock is traveling at “ludicrous” speed after a series of bullish analyst calls, including one with references from the movie “Spaceballs.”

Shelly Hagan | Bloomberg News
July 31, 2018
Business, Logistics, Top 100

Landstar Profit Jumps on Record Revenue

Landstar truck Landstar System Inc.

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Top 100

Landstar System Posts Record First Quarter

Landstar truck Landstar System Inc.

Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market.

Daniel P. Bearth | Staff Writer
April 25, 2018
Business

Landstar Announces Strong Results in Third Quarter

Landstar truck Landstar System

Landstar System posted stronger-than-expected earnings Oct. 25, with net income rising 17% year-over-year in the third quarter, easily surpassing the Bloomberg News consensus forecast.

Ari Ashe | Staff Reporter
October 25, 2017