Core Viewpoint - Landstar System, Inc. reported a decline in revenue and earnings per share for the second quarter of 2025 compared to the same period in 2024, while maintaining a strong focus on safety and service in a challenging freight transportation environment [1][2]. Financial Performance - The company reported total revenue of $1.211 billion in Q2 2025, down from $1.225 billion in Q2 2024, representing a decrease of approximately 1.1% [2]. - Basic and diluted earnings per share were $1.20 in Q2 2025, compared to $1.48 in Q2 2024, reflecting a decline of about 19% [1][12]. - Gross profit for Q2 2025 was $109 million, down from $120 million in Q2 2024, indicating a decrease of approximately 9.2% [4][12]. - Variable contribution in Q2 2025 was $170 million, compared to $175 million in Q2 2024, a decline of about 2.9% [4][12]. Revenue Breakdown - Truck transportation revenue accounted for 92% of total revenue in Q2 2025, amounting to $1.118 billion, compared to $1.106 billion (90% of revenue) in Q2 2024 [2]. - Truckload transportation revenue via van equipment was $591 million in Q2 2025, down from $619 million in Q2 2024 [2]. - Revenue from unsided/platform equipment increased to $401 million in Q2 2025 from $381 million in Q2 2024 [2]. - Revenue from other truck transportation services rose to $101 million in Q2 2025, compared to $78 million in Q2 2024 [2]. Operational Metrics - Truck revenue per load increased by 2.6% in Q2 2025 compared to Q2 2024, despite a 1.5% decline in the number of loads hauled [3]. - The number of independent business capacity owners (BCOs) remained flat sequentially, marking the best performance since Q2 2022 [1]. Capital Management - Landstar returned capital to shareholders through stock repurchases and dividends, purchasing 300,141 shares for $42.4 million in Q2 2025, totaling 686,459 shares for approximately $103.3 million in the first half of 2025 [1]. - The Board of Directors declared a quarterly dividend of $0.40 per share, payable on September 9, 2025 [1]. Balance Sheet Strength - As of June 28, 2025, Landstar had cash and short-term investments totaling approximately $426 million [5]. - The trailing twelve-month return on average shareholders' equity was 17%, and return on invested capital was 16% [6].

Company Announcement - Landstar System, Inc. will release its 2025 second quarter results after the market closes on July 29, 2025 [1] - A quarterly conference call with analysts and investors is scheduled for 4:30 p.m. ET on the same day to discuss the results [1] - The conference call will be accessible via webcast and will also have a telephone replay available for 48 hours [1] Company Overview - Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions [2] - The company delivers specialized transportation services to a diverse customer base through a network of agents, third-party capacity providers, and employees [2] - Landstar is certified to ISO 9001:2015 and RC14001:2015 standards for quality management and environmental, health, safety, and security management systems [2]

Group 1 - Landstar System, Inc. will release its 2025 first quarter results before the market opens on May 13, 2025 [1] - A quarterly conference call with analysts and investors will be held at 8:30 a.m. ET on the same day to discuss the results [1] - The conference call will be accessible via webcast and will also have a telephone replay option available for 48 hours [1] Group 2 - Landstar is a technology-enabled, asset-light provider of integrated transportation management solutions [2] - The company delivers specialized transportation services to a diverse range of customers through a network of agents and third-party capacity providers [2] - Landstar is headquartered in Jacksonville, Florida, and its common stock trades on NASDAQ under the symbol LSTR [2]