From Yahoo Finance: 2025-04-28 12:44:00

Freight broker Landstar System delays first-quarter results due to suspected supply chain fraud, not expected to exceed $15 million in net income. Earnings-per-share guidance cut to 90-95 cents from $1.05-$1.25, citing high insurance and claims expenses. Fraud in freight forwarding unit could be a 43-cent EPS drag on first quarter. Company rescheduled earnings release to May 13 and sought filing extension with SEC. Revenue for first quarter near upper end of initial outlook at $1.153 billion, with loads hauled by truck down 4% year-over-year. Revenue per load flat year-over-year at beginning of quarter. First-quarter EPS at 95 cents, 1 cent below consensus estimate.



Read more at Yahoo Finance: Landstar quantifies suspected fraud event, delays Q1 report