From Yahoo Finance: 2025-05-13 10:53:00

Landstar System’s first quarter was impacted by unfavorable claims development, increased accident severity, stolen cargo, and fraud at a satellite office. Earnings per share were 85 cents, 47 cents lower than the previous year. The company uncovered fraud at an independent agent office and is pursuing legal action. Revenue was down 1.6% year-over-year, but loads hauled via truck were up 1.8% sequentially. Loads hauled by business capacity owners were down 7% year-over-year. Landstar is not providing formal guidance for the second quarter due to the changing trade landscape. The company is seeing improvements in truck capacity trends and BCO retention. Total truck capacity was up 10,000 units, credited to a new vendor assisting with onboarding operators. Shares of LSTR were down 1.5% compared to the S&P 500.



Read more at Yahoo Finance: Insurance costs, fraud and cargo theft hit Landstar’s Q1