Landstar System, Inc. Reports Earnings Results for the Fourth Quarter Ended December 28, 2019
January 29, 2020 at 09:24 pm
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Landstar System, Inc. announced earnings results for the fourth quarter ended December 28, 2019. For the fourth quarter, the company announced sales was USD 994.879 million compared to USD 1,182.351 million a year ago. Net income was USD 50.048 million compared to USD 68.256 million a year ago. Basic earnings per share was USD 1.27 compared to USD 1.69 a year ago. Diluted earnings per share was USD 1.27 compared to USD 1.68 a year ago.
For the full year, sales was USD 4,084.577 million compared to USD 4,615.144 million a year ago. Net income was USD 227.720 million compared to USD 255.281 million a year ago. Basic earnings per share was USD 5.72 compared to USD 6.19 a year ago. Diluted earnings per share was USD 5.72 compared to USD 6.18 a year ago.
Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions delivering specialized transportation services to a range of customers utilizing a network of agents, third-party capacity providers and employees. The Company operates through two segments. Transportation logistics segment provides a range of integrated transportation management solutions. Transportation services offered by the Company include truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, United States-Canada and United States-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. Insurance segment consists of Signature Insurance Company and Risk Management Claim Services, Inc. The insurance segment provides risk and claims management services to certain of Landstars Operating Subsidiaries.
LANDSTAR SYSTEM, INC. 
