Core Insights - Landstar System, Inc. (LSTR) reported third-quarter 2025 earnings per share (EPS) of $1.22, missing the Zacks Consensus Estimate of $1.24 and reflecting a 13.5% year-over-year decline. Revenues reached $1.21 billion, slightly exceeding the Zacks Consensus Estimate of $1.20 billion but down 0.4% year over year [1][8]. Financial Performance - Operating income decreased by 58.3% year over year to $26.32 million, while total costs and expenses rose by 2.4% to $1.18 billion [1][8]. - The truck transportation segment, which accounts for 90.4% of total revenues, generated $1.08 billion, a decrease of 0.1% from the previous year and below expectations of $1.09 billion [3]. - Rail intermodal revenues increased by 12.8% from the second quarter of 2024 to $23.66 million, surpassing expectations of $20.8 million [3]. - Revenues from ocean and air-cargo carrier segments fell by 5.3% year over year to $72.27 million, below expectations of $77.8 million [4]. - Other revenues decreased by 22.9% to $19.57 million, also falling short of expectations of $20.6 million [4]. Liquidity and Shareholder Returns - At the end of the third quarter of 2025, Landstar had cash and cash equivalents of $375.19 million, up from $359.23 million in the prior quarter. Long-term debt (excluding current maturities) decreased to $47.70 million from $54.67 million [5]. - During the third quarter, Landstar repurchased 308,709 shares for $40.6 million and is authorized to buy an additional 1,552,813 shares. A quarterly cash dividend of 40 cents per share was announced, payable on December 9, 2025 [6].

Core Insights - The Bureau of Labor Statistics (BLS) revised total employment numbers downward, indicating an overstatement of 911,000 jobs in the U.S. as of March 2025, with 880,000 in the private sector [1] Employment Sector Analysis - The Transportation and Warehousing subsector saw an increase of 6,600 jobs, representing a 0.1% rise from the previous model [2] - Other sectors, including Government and Private Education & Health Services, experienced a 0.1% decrease in employment [2] - The Information sector had the largest percentage change with a 2.3% reduction in estimated total employment [3] Employment Report Timing - The revised employment numbers will not affect the monthly employment report until February 6, when the January report will be released [4] Historical Context - This marks the second consecutive year that the Transportation & Warehousing sector's base number is projected to increase, with a rise of 56,400 jobs (0.9%) last year despite an overall drop of 818,000 jobs [5] - The most recent report indicated 6,747,700 jobs in the Transportation & Warehousing sector, up from 6,663,000 jobs a year earlier [5] Sector Composition - The Transportation & Warehousing sector includes various subsectors such as air, rail, water, and ground transportation, as well as warehousing and storage, though specific subsector data was not disclosed in the annual update [6] - Warehousing & storage jobs reached 1,829,800, the highest in the sector, while truck transportation jobs totaled 1,523,000 [7]

Core Insights - Landstar System, Inc. (LSTR) reported second-quarter 2025 earnings per share (EPS) of $1.20, exceeding the Zacks Consensus Estimate of $1.16 but down 18.9% year over year. Revenues reached $1.21 billion, slightly above the Zacks Consensus Estimate of $1.20 billion, but declined 1.1% year over year [1][10]. Revenue Performance - Truck revenue per load improved by 2.6% year over year, driven by a 3.2% increase in revenue per load for unsided platform equipment and a 1.2% increase for van equipment. However, the number of loads hauled via truck decreased by 1.5% during the same period [2]. - Total revenues in the truck transportation segment, which accounted for 89.8% of total revenues, amounted to $1.11 billion, reflecting a 1.1% increase from the previous year and surpassing expectations of $1.09 billion [4]. - Rail intermodal revenues were $22.02 million, down 1.3% year over year but above expectations of $21.7 million. Conversely, revenues from ocean and air-cargo carrier segments fell 28.7% year over year to $50.78 million, missing expectations of $72.1 million. Other revenues decreased by 20.5% to $20.42 million, also below expectations of $22 million [5][4]. Operating Income and Costs - Operating income decreased by 17.3% year over year to $56.28 million. Total costs and expenses slightly declined by 0.1% to $1.15 billion [3]. Liquidity and Shareholder Returns - At the end of Q2 2025, Landstar had cash and cash equivalents of $359.23 million, down from $417.42 million in the previous quarter. Long-term debt totaled $54.67 million, a decrease from $61.9 million in the prior quarter [6]. - During the second quarter, Landstar repurchased 300,141 shares for $42.4 million and is authorized to buy an additional 1,861,522 shares. A quarterly cash dividend of 40 cents per share was announced, payable on September 9, 2025, to stockholders of record as of August 19, 2025 [7].

Core Viewpoint - Landstar System, Inc. reported disappointing first-quarter 2025 earnings, with EPS of 85 cents falling short of the Zacks Consensus Estimate of 92 cents and declining 35.6% year over year [1] Financial Performance - Revenues for the quarter reached $1.15 billion, exceeding the Zacks Consensus Estimate of $1.13 billion but down 1.5% year over year [2] - Operating income decreased by 34.2% to $39.4 million compared to the prior-year quarter [3] - Total costs and expenses slightly increased by 0.1% to $1.12 billion [3] Segment Performance - Truck transportation segment revenues, which accounted for 89.8% of total revenues, were $1.05 billion, down 1.8% year over year but above expectations of $1.01 billion [4] - Rail intermodal revenues fell 22.9% to $17.48 million, below expectations of $24.1 million [4] - Ocean and air-cargo carrier segment revenues improved by 21.4% year over year to $65.63 million, surpassing expectations of $58.7 million [5] - Other revenues decreased by 22.4% to $19.66 million, falling short of expectations of $25.7 million [5] Liquidity and Shareholder Returns - At the end of Q1 2025, Landstar had cash and cash equivalents of $417.42 million, down from $515.01 million in the prior quarter [6] - Long-term debt decreased to $61.9 million from $69.1 million in the previous quarter [6] - During the quarter, Landstar repurchased nearly 386,000 shares for $60.9 million and paid $83.3 million in cash dividends [7] - The board announced an 11% increase in the quarterly cash dividend to 40 cents per share, payable on June 24, 2025 [8]