Landstar System Inc., a Delaware-based transportation services company, reported its financial results for the fourth quarter of fiscal 2024 on January 29, 2025. The company issued a press release detailing its performance during this period, marking the first year-over-year quarterly revenue growth since the third quarter of 2022.
During the fourth quarter of 2024, the company achieved a 6% year-over-year revenue growth, reaching a total revenue of $1.209.3 million. Landstar System also saw a 1% sequential increase in truck revenue per load. Operating income for the quarter was reported at $57.8 million, reflecting a decrease of 22.5% compared to the same period in the previous year.
The company disclosed that the information included in the press release, as well as the slide presentation, would not be considered “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference in any filing under the Securities Act of 1933.
Landstar System detailed its guidance for the first quarter of 2025, anticipating consolidated revenue ranging from $1.075 billion to $1.175 billion. The company expects truck loads to be 7% below to 2% below the prior year, with truck revenue per load ranging from 2% below to 3% above the previous year. Earnings per share are forecasted to be between $1.05 and $1.25.
The 8-K filing also included a breakdown of the company’s network, operating results, revenue sources, and financial metrics for the fourth quarter and the full fiscal year of 2024. It highlighted the company’s efforts to support its network and invest in leading-edge technology and new equipment to drive growth.
Landstar System’s financial performance, as outlined in the 8-K filing, reflects a period of growth and strategic investment as the company navigates market challenges and focuses on sustaining its operations. Investors and stakeholders will likely be keen on the outcomes of the upcoming conference call to gain further insights into the company’s performance and future prospects.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Landstar System’s 8K filing here.
About Landstar System
Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.
Recommended Stories
- Five stocks we like better than Landstar System
- Upcoming IPO Stock Lockup Period, Explained
- 3 Steel Stocks Soaring After Tariff Announcements
- What Is WallStreetBets and What Stocks Are They Targeting?
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
- What is Put Option Volume?
- Why Salesforce Stock Could Be at Fresh Highs by February
