Landstar reported FY 2025 revenue of USD 4.7 billion (down 2%) and net income of USD 115.0 million, or USD 3.31 per share. Operating income was USD 151.6 million, with gross profit of USD 404.2 million and a gross profit margin of 8.5%. Purchased transportation totaled USD 3.7 billion (77.8% of revenue) and commissions to agents were USD 387.4 million (8.2% of revenue). Insurance and claims expense rose by USD 45.5 million, driven by higher unfavorable prior-year claim development, higher severity in current-year trucking and cargo claims (including USD 11.0 million tied to two accidents in FY 2025 Q4), and higher reserves for claims above USD 1 million. In transportation activity, total truck transportation revenue was USD 4.3 billion, representing 91% of total revenue, with total truck loads of 1.9 million in FY 2025. Multimode (rail intermodal plus ocean and air) transportation revenue was USD 328.6 million (down 12%), with the ocean revenue per load decline linked to the loss of a customer following a supply chain fraud identified in the last week of FY 2025 Q1; Landstar recorded USD 4.8 million in other operating costs related to this matter. Landstar also recorded USD 32.2 million of non-cash, non-recurring impairment charges in FY 2025, including USD 18.2 million tied to the decision to actively market Landstar Metro for sale, USD 9.0 million related to winding down an alternative transportation management system at Landstar Blue, and USD 5.0 million related to its equity investment in Cavnue. The company said it plans to appeal a Texas court judgment in the Cabral Matter; it recorded an approximately USD 5.7 million pre-tax charge in FY 2025 Q4 within insurance and claims related to the judgment. For capital allocation, Landstar bought back USD 180.9 million of stock in FY 2025 and paid USD 1.56 per share in regular cash dividends; it also declared a USD 2.00 per share special cash dividend payable in January 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Landstar System Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-064756), on February 24, 2026, and is solely responsible for the information contained therein.
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