Landstar System, Inc. Reports Earnings Results for the Fourth Quarter Ended December 26, 2020
January 27, 2021 at 04:24 pm
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Landstar System, Inc. announced earnings results for the fourth quarter ended December 26, 2020. For the fourth quarter, the company announced sales was USD 1,296.355 million compared to USD 994.879 million a year ago. Operating income was USD 84.412 million compared to USD 66.519 million a year ago. Net income was USD 65.071 million compared to USD 50.048 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 1.27 a year ago. For the full year, sales was USD 4,132.981 million compared to USD 4,084.577 million a year ago. Operating income was USD 252.950 million compared to USD 298.904 million a year ago. Net income was USD 192.106 million compared to USD 227.720 million a year ago. Basic earnings per share from continuing operations was USD 4.98 compared to USD 5.72 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. 
