LOS ANGELES, May 1, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Landstar System, Inc. ("Landstar" or "the Company") (NASDAQ: LSTR) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Landstar admitted on April 2, 2025, that it had "identified a significant sup ...

Core Viewpoint - Landstar System, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following the identification of significant supply chain fraud that may impact its earnings [1][2]. Group 1: Company Developments - On April 2, 2025, Landstar disclosed a significant supply chain fraud that could negatively affect its first quarter 2025 earnings per share by $0.35 to $0.50 [2]. - Following the fraud revelation, Landstar retracted its previously issued earnings guidance for the first quarter of 2025, leading to a decline in its stock price [2]. - On April 25, 2025, Landstar announced it would be unable to file its quarterly report on time due to ongoing evaluations of accounting and internal control matters related to the identified fraud, resulting in further stock price drops [2]. Group 2: Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Landstar stockholders who may have suffered losses due to the company's recent disclosures and actions [1][3]. - The law firm is reaching out to long-term stockholders and those with information regarding the situation to discuss their rights and interests [3].

Core Viewpoint - Landstar System, Inc. is under investigation for potential securities fraud and unlawful business practices following the disclosure of significant supply chain fraud that may impact its earnings [1][3]. Group 1: Company Disclosures - On April 2, 2025, Landstar identified a significant supply chain fraud that could adversely affect its first quarter 2025 earnings per share by $0.35 to $0.50, leading to the withdrawal of its previous earnings guidance [3]. - Following this announcement, Landstar's stock price dropped by $13.30, or 8.75%, closing at $138.63 on April 3, 2025 [3]. - On April 25, 2025, Landstar announced it would be unable to file its quarterly report on time due to ongoing evaluations of accounting and internal control matters related to the identified fraud [4]. - This news resulted in a further decline in Landstar's stock price by $4.92, or 3.52%, closing at $135.00 on April 25, 2025 [4]. Group 2: Legal Investigation - Pomerantz LLP is investigating claims on behalf of Landstar investors regarding potential securities fraud and unlawful business practices by the company and its officers or directors [1].

Logistics specialist Landstar System (LSTR -3.44%) wasn't looking like such a special company to investors as the trading week came to a close. Its share price decelerated by almost 4% on Friday on news of a reporting delay. That decline was particularly noticeable given that the benchmark S&P 500 index increased on the day, rising by 0.6%.An uncomfortable delayThat morning Landstar announced that its first-quarter earnings release, scheduled for publication next Tuesday, April 29, has been shifted forward. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) April 25, 2025 LANDSTAR SYSTEM, INC. (Exact name of registrant as specified in its charter) Delaware 021238 06-1313069 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 13410 Sutton Park Drive South, Jacksonville, Florida 32224 (Address ...

JACKSONVILLE, Fla., April 25, 2025 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) announced today that it has rescheduled its 2025 first quarter earnings release and conference call with analysts and investors for Tuesday, May 13, 2025. The earnings release and conference call were previously scheduled for Tuesday, April 29, 2025. The Company also currently anticipates filing today a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commi ...

Group 1 - The logistics sector presents underappreciated stocks with significant potential despite challenges such as sticky inflation and new tariffs [1] - The analyst has nearly two decades of experience in the logistics sector and focuses on ASEAN and NYSE/NASDAQ stocks, particularly in banks, telecommunications, logistics, and hotels [1] - The analyst began trading in the Philippine stock market in 2014, diversifying investments across various industries and market capitalizations [1] Group 2 - The analyst has expanded into the US market since 2020, gaining insights through a trading account initially managed by a relative [1] - The analyst has holdings in US banks, hotels, shipping, and logistics companies, utilizing analyses from Seeking Alpha to compare with the Philippine market [1]

On April 2, 2025, Landstar System, Inc. (LSTR) issued updated first-quarter 2025 guidance, citing issues related to truckload volume, truck revenue per load, variable contribution and insurance and claims expenses. Additionally, a supply chain fraud case has come to light, which is likely to negatively impact LSTR’s earnings.Given this backdrop, the question that naturally arises is: Should investors buy, hold, or sell LSTR stock now? A more in-depth analysis is needed to make that determination. Before div ...

Landstar System, Inc. (LSTR) has updated its first-quarter 2025 guidance, citing issues related to truckload volume, truck revenue per load, variable contribution and insurance and claims expense. Additionally, a supply chain fraud case has come into the limelight, which is likely to affect LSTR’s earnings.Let’s delve deeper.Landstar witnessed a stronger than typical February with respect to the number of loads hauled via truck. This performance more than offset the softness experienced on loads hauled via ...

A month has gone by since the last earnings report for Landstar System (LSTR) . Shares have lost about 6.5% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Landstar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Landstar Q4 Earnings Miss EstimatesLandstar's fourt ...