Recent Updates — LSTR

Landstar System reported third-quarter fiscal 2026 revenue of $1.51 billion, a 25% increase from the prior-year period, driven by a 29% rise in truck transportation revenue to $1.41 billion. Earnings per share reached $1.42, up 154% year-over-year, though results were negatively impacted by $55.3 million in elevated insurance and claim costs compared to $33.0 million in the prior quarter. The company also announced a quarterly cash dividend of $0.44 per share, payable on December 8, 2026, to shareholders of record as of November 17, 2026. Landstar System is a technology-enabled provider of freight transportation and logistics solutions operating through a network of independent agents and capacity providers.

Landstar System, Inc. announced several leadership transitions, including the appointment of William Clement as Chief Commercial Officer, effective August 1, 2026. Jim Applegate will transition to Chief Strategy & Transformation Officer on the same date, and Matthew Dannegger will become Special Advisor to the CEO effective July 31, 2026, prior to his retirement in March 2027. Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions.

On June 30, 2026, Landstar System, Inc. and its subsidiary Landstar System Holdings, Inc. entered into a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent. The agreement provides for a $300 million revolving credit facility with an uncommitted accordion feature allowing for up to $500 million in additional increases. The facility has a termination date of June 30, 2031. Landstar System, Inc. is a logistics and transportation services company.