Landstar

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July 23, 2014

Landstar Posts Record Second Quarter Profit, Revenue

Landstar System has reported record second quarter net income of $35.9 million, or 80 cents per diluted share, on record revenue of $814 million in the 2014 second quarter.

April 24, 2014

Landstar Reports Record First Quarter Income, Revenue

The asset-light trucking and logistics provider Landstar System has reported record first quarter net income of $27.6 million, or 61 cents per diluted share, on record first quarter revenue of $688 million.

April 15, 2014

Finding and Keeping Drivers With The One-Two Punch: Pay & Respect

Recruiting and retention. It’s akin to bailing water out of a boat that has a hole in it. You really have to plug the hole first, otherwise you’re constantly fighting to stay afloat. In the trucking industry, that hole is driver retention.

January 31, 2014

Saia, Celadon, Landstar Report Earnings

Multiregional less-than-truckload carrier Saia reported improved fourth quarter and 2013 financial results, while truckload fleet Celadon had higher revenue but lower earnings, and asset-light Landstar System had record fourth-quarter revenue and higher earnings.

December 30, 2013

XPO Logistics Completes Acquisition of NLM

XPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.

December 11, 2013

Landstar Selling Supply Chain Business to XPO Logistics

Logistics and freight brokerage services provider XPO Logistics will buy the Michigan-based supply chain business of Florida-based Landstar System, including NLM, a provider of web-based expedited transportation management in North America, for $87 million.

November 17, 2013

Landstar Breaks Ground on Orientation Center in Texas

Landstar System Inc. officially broke ground on its new orientation center in Ft. Worth, Texas. The new 12,000 square foot facility in Ft. Worth will be almost double the size of the current orientation center in Grand Prairie, with new and improved truck parking and more restrooms, work and dining space and computers for Landstar Business Capacity Owners.

July 25, 2013

Landstar Profit and Revenue Falls

Asset-light trucking company Landstar System has reported a second quarter downturn in profit and business but expects a pickup in the current quarter.

April 25, 2013

Knight, ODFL, Landstar & UPS Report Strong Earnings

The first quarter earning reporting season continues with Knight Transportation and Old Dominion Freight Line reporting healthy increases in revenue and profit, with Landstar nearly hitting a record and UPS continuing to prove why it’s the biggest trucking operation in the country.

March 5, 2013

Grand Island Express, Landstar Winners in Best Fleets to Drive For Contest

Two fleets have been honored as the overall winners of Best Fleets to Drive For, an annual survey and contest produced by the Truckload Carriers Association and CarriersEdge.

February 1, 2013

Landstar System Reports Record 4Q Profits

Landstar System, , Jacksonville, Fla., record diluted earnings per share of 73 cents in the 2012 fourth quarter compared to 70 cents in the fourteen week 2011 fourth quarter.

January 6, 2013

Landstar, OOIDA Settle 'Truth-in-Leasing' Litigation

Landstar System and the Owner-Operator Independent Drivers Association announced the end of their decade-long litigation over federal truth-in-leasing regulations, with the Florida-based carrier saying its leases were proven valid and the association saying the lawsuit helped further clarify the regulations

January 3, 2013

Landstar, OOIDA Settle 'Truth-in-Leasing' Litigation

Landstar System and the Owner-Operator Independent Drivers Association announced the end of their decade-long litigation over federal truth-in-leasing regulations, with the Florida-based carrier saying its leases were proven valid and the association saying the lawsuit helped further clarify the regulations

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