Landstar System Stock News

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Landstar System Inc., the giant freight broker and third-party logistics provider with significant exposure to Ukraine, has suspended its operations there in the wake of Russia''s invasion, according to a highly-placed source. Jacksonville, Florida-based Landstar''s (NASDAQ: LSTR ) Ukrainian agency is "offline" as of Saturday, the source told FreightWaves. The agency generates as much as $1.1 billion in annual revenue from its Ukrainian operations, according to the source. … Full story available on Benzinga.com

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Landstar System Inc.''s truckload business could face a $100 million hit during March should the two independent agencies that serve Ukraine on its behalf completely shut down operations there, the company said Monday. In an 8-K filing with the Securities and Exchange Commission, Landstar (NASDAQ: LSTR ) said the U.S.-based agencies with operations in Ukraine generated about $860 million in revenue in its 2021 fiscal year, which ended near the end of the calendar year. The revenue brought in by the agencies equaled 13% of the Jacksonville, Florida-based broker and third-party logistics provider''s total 2021 revenue, the company said. Landstar generated $6.53 billion in 2021 revenue. One agency''s Ukrainian operations are in the eastern part of the country, while the other does business in the western portion, Landstar said. The agency with operations in eastern Ukraine …

Shares of Landstar System Inc. fell 1.0% in morning trading Monday after the transportation services company said it estimates it could lose up to $100 million in first-quarter revenue, and up to 18 cents a share in earnings as a result of Russia''s invasion of Ukraine. The company said two of the largest independent sales agencies it generated a total of 13% of its 2021 revenue from have "significant operations" based in Ukraine. And the disruption of the Ukraine-based operations of the two agencies would have an adverse impact of about $20 million to $25 million a week in truck load revenue. The company said, however, that given better-than-expected revenue per load on loads hauled by truck during the first eight weeks of the first quarter, it still expects first-quarter revenue to be above the high of its guidance range provided in late-January of $1.70 billion to $1.75 billion, even after taking into account the Ukraine affect. Separately, the company said it spent $101.2 million to buy back 641,000 shares of its common stock quarter to date.

Shares of Landstar System Inc. LSTR, -1.69% fell 1.0% in morning trading Monday after the transportation services company said it estimates it could lose up to $100 million in first-quarter revenue, a

Landstar System Inc., the giant freight broker and third-party logistics provider with significant exposure to Ukraine, has suspended its operations there in the wake of Russia's invasion, according t

Landstar (LSTR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Landstar System (NASDAQ:LSTR) had declared $0.25/share quarterly dividend, in line with previous.Payable March 11; for shareholders of record Feb. 14; ex-div Feb.

Strong segmental performances aid Landstar's (LSTR) Q4 results.

Strong segmental performances aid Landstar's (LSTR) Q4 results.

Landstar System, Inc. (LSTR) CEO Jim Gattoni on Q4 2021 Results - Earnings Call Transcript

Landstar (LSTR) delivered earnings and revenue surprises of 4.91% and 4.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

JACKSONVILLE, Fla., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.945 billion in the 2021 fourth quarter, a 50 percent increase over r

After logging the highest sequential improvement in truck volumes from the third to fourth quarters in company history, freight broker Landstar System said normal seasonality still hasn't kicked in as

Landstar (LSTR) delivered earnings and revenue surprises of 4.91% and 4.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?