Landstar System Announces Special Dividend

Core Viewpoint - Landstar System, Inc. has declared a special one-time cash dividend of $2.00 per share, reflecting the company's strong financial position and commitment to returning value to shareholders [1][2]. Financial Performance - The company repurchased 1,281,863 shares at an aggregate cost of approximately $180.9 million during the first 11 months of the 2025 fiscal year [3]. - Landstar returned $124.8 million to shareholders in cash dividends during the 2025 fiscal year, which includes a previously announced quarterly dividend of $0.40 per share scheduled for payment on December 9, 2025 [3]. - As of September 27, 2025, Landstar had approximately $434 million in cash and short-term investments [3]. Company Overview - Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions, offering specialized transportation services through a network of agents and third-party capacity providers [4]. - The company is headquartered in Jacksonville, Florida, and its common stock trades on NASDAQ under the symbol LSTR [4].