Landstar System, Inc. Provides Earnings Guidance for the First Quarter of 2021
January 27, 2021 at 04:15 pm
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Landstar System, Inc. provided earnings guidance for the first quarter of 2021. The company anticipates revenue for the 2021 first quarter to be in a range of $1.10 billion to $1.15 billion. Based on the range of revenue estimated for the 2021 first quarter, the company would anticipate diluted earnings per share to be in a range of $1.55 to $1.65. This range of diluted earnings per share includes insurance and claims expense estimated at 4.6% of BCO revenue.
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. 
