Every 8-K that Landstar System Inc (LSTR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LSTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LSTR filings page.
Landstar System, Inc. reported strong results for the 2026 second quarter, with revenue of $1.432 billion, up 18.2% from the 2025 second quarter, and basic and diluted EPS of $1.44, up 20.0%. Gross profit rose to $132.3 million and variable contribution, a non-GAAP measure defined as revenue less purchased transportation and agent commissions, increased 17% to $199.4 million. Operating income was $66.2 million.
Truck transportation remained the core of the business, generating $1,334 million of second-quarter revenue, 19% above the prior year, as truck revenue per load increased about 17% and loads rose about 2%. Management noted lower DOT accident frequency but higher insurance and claims expense tied to unfavorable development of prior-year claims.
The Board declared a $0.44 per share quarterly dividend, a 10% increase over the regular dividend of the prior five quarters, payable September 9, 2026 to stockholders of record on August 18, 2026. During the 2026 first half, Landstar returned approximately $120 million to shareholders through dividends and share repurchases and ended June 27, 2026 with about $348 million in cash and short-term investments, a trailing 12‑month return on equity of 16% and return on invested capital of 14%.
Landstar System, Inc. has appointed William Bill Clement as Vice President and Chief Commercial Officer, effective August 1, 2026, adding him to the Executive Leadership Team reporting to President and Chief Executive Officer Frank Lonegro.
Clement will lead Landstar’s commercial strategy, support the independent agent network, advance customer relationships and focus on accelerating growth across strategic modes and specialized transportation services. He brings more than 30 years of transportation and logistics leadership experience, including senior roles at CRST and CSX.
Jim Applegate will move from Chief Corporate Sales, Strategy & Specialized Freight Officer to Chief Strategy & Transformation Officer on August 1, 2026. Matt Dannegger will become Special Advisor to the Chief Executive Officer on July 31, 2026, ahead of his anticipated retirement on March 1, 2027.
Landstar System, Inc. entered into a Third Amended and Restated Credit Agreement that provides a revolving credit facility with an initial aggregate principal amount of $300 million, plus an uncommitted accordion feature allowing up to an additional $500 million in increases.
The revolving credit facility has a termination date of June 30, 2031 and, as of June 30, 2026, there were no outstanding borrowings. Obligations are guaranteed by substantially all subsidiaries of Landstar System Holdings, Inc., subject to specified exceptions and alternative stock pledges for certain foreign-related subsidiaries.
The agreement adds covenants limiting additional indebtedness and lease obligations and requires the company to maintain minimum interest coverage and maximum net leverage ratios each quarter. It also defines change-of-control events of default, including if a person or group acquires 35% or more of the company’s outstanding capital stock or gains power to elect a majority of directors.
Landstar System, Inc. reported the results of its 2026 Annual Meeting of stockholders. A total of 31,613,594 shares, about 93% of common stock as of the record date, were represented in person or by proxy. Stockholders elected nine directors, each to serve until the 2027 annual meeting.
Stockholders also ratified the appointment of KPMG LLP as independent registered public accounting firm for fiscal 2026, with 31,106,739 votes for and 476,986 against. In an advisory vote on 2025 executive compensation, the say‑on‑pay resolution received 28,709,272 votes for and 1,650,850 against, with additional abstentions and broker non‑votes.
Landstar System, Inc. reported solid growth for the first quarter of fiscal 2026, with revenue of $1.171 billion, up 2% from the prior-year quarter, and basic and diluted EPS of $1.16, a 36% increase. Net income rose to $39.4 million from $29.8 million.
Profitability improved as gross profit climbed 14% to $112.5 million and operating income increased 35% to $53.2 million. Truck transportation revenue grew to $1.082 billion, supported by higher revenue per load despite fewer loads. The company generated $72.4 million of free cash flow, repurchased about $22.6 million of stock, and declared a $0.40 quarterly dividend, while maintaining cash and short-term investments of roughly $411 million.
Landstar System, Inc. reported a leadership change in its legal department. Michael K. Kneller, who has served as Vice President, General Counsel, Secretary and an executive officer since 2005, will resign effective May 8, 2026 to join the law firm Scopelitis, Garvin, Light, Hanson & Feary, P.C.
To ensure continuity, Landstar has appointed Vallie S. Dugas, currently Vice President and Assistant General Counsel, as Interim Vice President, General Counsel and Secretary, effective the same date. The filing does not describe any dispute; it frames the move as a career transition and notes an internal interim replacement.
Landstar System, Inc. furnished an update to investors by issuing a press release announcing its results for the fourth quarter of fiscal 2025. The press release is provided as Exhibit 99.1. The company also prepared a slide presentation, dated January 28, 2026, attached as Exhibit 99.2.
The slide deck is intended to accompany Landstar’s investor conference call scheduled for January 28, 2026, in connection with the fourth quarter 2025 results. Both exhibits are furnished under Items 2.02 and 7.01 and are not deemed filed for liability purposes under federal securities laws.
Landstar System released preliminary, unaudited results for the 2025 fourth quarter. The company expects total revenue of $1,174 million, slightly below the $1,209 million reported in the 2024 fourth quarter. Preliminary basic and diluted EPS are projected at $0.70, down from $1.31 a year earlier, largely due to highly elevated insurance and claims costs of $56 million, including $22.0 million of discrete items estimated at $0.49 per share.
The company anticipates reporting operating income of $30 million and cash and short-term investments of about $452 million as of December 27, 2025. Truck revenue per load is expected to be up around 1% year over year, while truck loads fall about 1%, with stronger pricing and volumes in unsided/platform equipment offset by weaker van activity. Overall truck revenue per load rose about 6% from fiscal October to fiscal December 2025. Landstar also recorded an additional non-cash impairment charge of $2.1 million, or $0.05 per share, tied to the planned sale of its Mexican subsidiary.
Landstar System, Inc. appointed Barr Blanton and Melanie Housey Hart to its Board of Directors, effective October 31, 2025, and expanded the Board to ten members. The Board determined both new directors are independent under SEC and Nasdaq rules, financially literate, and eligible to serve on key committees. Ms. Hart was also designated an “audit committee financial expert.”
Both directors were appointed to the Audit, Compensation, Corporate Governance, Nominating and Sustainability, Safety and Risk, and Strategic Planning Committees. Each will receive a restricted stock award equal to $80,959 divided by the fair market value of Landstar common stock on October 31, 2025, rounded to whole shares, and an annual cash retainer of $100,000 payable quarterly, pro‑rated for Q4 2025. Each will enter into the Company’s standard Indemnification Agreement.
Landstar System, Inc. (LSTR) announced results for the third quarter of fiscal 2025 and made supporting materials available to investors. The company furnished a press release as Exhibit 99.1 and an investor slide presentation as Exhibit 99.2.
The investor presentation is intended for use on the company’s conference call with investors scheduled for October 28, 2025. The materials were furnished and are not deemed filed under Section 18 of the Securities Exchange Act of 1934.
Landstar System disclosed strategic actions and expected non-cash charges following a company Strategic Review. The company engaged a financial advisor to market its Mexican subsidiary, Landstar Metro, which had an initial investment of $8.5 million and a carrying value of approximately $26 million as of June 28, 2025. Landstar expects to record a non-cash impairment for Landstar Metro of about $13.0–$17.0 million (approximately $0.28–$0.37 per share) in the third quarter. The company will wind down Blue TMS and record a $9.0 million impairment (about $0.20 per share) and intends to record up to a $5.0 million impairment (about $0.11 per share) on its minority investment in Cavnue. A jury assigned 15% of $22.8 million in damages, or $3.42 million, to Landstar Ranger; the company reported an immaterial accrual and does not anticipate the verdict will adversely affect its ability to provide U.S./Mexico cross-border services or its eligibility for the previously disclosed $12.0 million no-claims bonus, although no assurances were provided.