Landstar System

Companies With Advanced Cybersecurity Performance Deliver Nearly Four Times’ Higher Shareholder Return Than Their Peers, According to Diligent and Bitsight

Retrieved on:

Tuesday, March 26, 2024

Networks, Security, Data Management, Technology, Software, Health, Organization, TSR, Pressure, Risk management, Landstar System, Risk, Diligence, Research, CISO, Banco Santander, Medical device

Companies with advanced cybersecurity performance create 372% higher shareholder return compared to their peers with basic cybersecurity performance, according to a new report from Diligent and Bitsight .

Key Points:

Companies with advanced cybersecurity performance create 372% higher shareholder return compared to their peers with basic cybersecurity performance, according to a new report from Diligent and Bitsight .
In the “ Cybersecurity, Audit and the Board ” report, Diligent and Bitsight analyzed more than 4,000 mid to large-cap companies in public indices globally.
Companies with a higher number of independent directors are more likely to have advanced security ratings.
Of the companies with advanced security performance ratings, 33% came from the financial services sector, with an average rating of 720.

Creditsafe Releases Financial & Bankruptcy Outlook for U.S. Transportation

Retrieved on:

Thursday, March 14, 2024

These challenges have created a pressure-cooker situation, driving companies like Yellow Corporation and Hertz Global Holdings to file for bankruptcy.

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These challenges have created a pressure-cooker situation, driving companies like Yellow Corporation and Hertz Global Holdings to file for bankruptcy.
Today, Creditsafe , the global expert in credit monitoring and risk management, released its Financial & Bankruptcy Outlook: Transportation report , which examines how financial planning, cash flow management and Accounts Payable management have affected the financial health of U.S. transportation and warehousing businesses.
The data included in the report was gathered from multiple sources, including financial earnings reports released by the companies, filings with the U.S. Securities and Exchange Commission and the Creditsafe credit risk and intelligence platform .
XPO, Inc. is in strong financial shape: XPO’s DBT (Days Beyond Terms) has consistently dropped since August, indicating an improvement in its cash flow and financial management practices.

Chemours Recognizes its 2023 Responsible Supplier Awards Recipients

Retrieved on:

Tuesday, February 6, 2024

Other Manufacturing, Trucking, Packaging, Engineering, Transport, Chemicals, Plastics, Manufacturing, Mining, Minerals, Logistics, Supply Chain Management, Natural Resources, Conduct, CC, Responsibility, Landstar System

The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the winners of its 2023 Responsible Supplier Awards.

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The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the winners of its 2023 Responsible Supplier Awards.
Chemours’ annual Responsible Supplier Award acknowledges the companies that have distinguished themselves by driving quality, innovation, and sustainability improvements across Chemours’ supply chain.
Four Responsible Supplier Awards were issued for the 2023 year.
Selected from among more than 9,000 suppliers around the world, the winners of the 2023 Chemours’ Responsible Supplier Awards are: Nobian (Star Supplier category), Landstar System Inc. (Logistics category), Polimade SA DE CV (Indirect Materials category), and Perstorp Holding AB (Direct Materials category).

Landstar System Reports Fourth Quarter Revenue of $1.204B and Earnings Per Share of $1.62

Retrieved on:

Wednesday, January 31, 2024

EPS, Landstar System, Transport, Atmosphere, Investment, BCO, Weakness, Webcast, Insurance, Conference, LSTR, Video game

Gross profit in the 2022 fourth quarter was $180.0 million and variable contribution in the 2022 fourth quarter was $234.0 million.

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Gross profit in the 2022 fourth quarter was $180.0 million and variable contribution in the 2022 fourth quarter was $234.0 million.
Truckload transportation revenue hauled via van equipment in the 2023 fourth quarter was $618.6 million, compared to $869.8 million in the 2022 fourth quarter.
Truckload transportation revenue hauled via unsided/platform equipment in the 2023 fourth quarter was $339.9 million, compared to $423.4 million in the 2022 fourth quarter.
The soft macro-freight environment, along with the additional operating week in the 2022 fourth quarter, made for challenging 2023 fourth quarter to 2022 fourth quarter comparisons,” said Landstar President and Chief Executive Officer Jim Gattoni.

TikTok Chief Security Officer Alum Joins Former U.S Congressman to Found Bitsight Cyber Risk Advisory Board

Retrieved on:

Thursday, February 1, 2024

BOSTON, Feb. 1, 2024 /PRNewswire/ -- Bitsight, the global leader in cyber risk management, today announced the launch of its Cyber Risk Advisory Board, a council of senior cybersecurity, policy, and governance experts formed to help guide Bitsight's strategy. Harnessing the expertise from Fortune 100 cybersecurity leaders, digital supply chain innovators, and public policy advocates, the Advisory Board marks the next phase in Bitsight's continued commitment to transforming how organizations manage risk.

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"Our cyber risk data sits at the center of global commerce," said Steve Harvey, CEO of Bitsight.
He previously served as the Global Chief Security Officer of ByteDance & TikTok, ADP, and EMC.
As Bitsight's Chief Risk Officer, Vadala brings extensive experience as a security and risk leader, including an 18-year tenure at Moody's Corporation where he served as its Chief Information Security Officer and led the Global Cyber Risk Group for Moody's Investors Service, the company's credit rating agency.
Powered by the largest cyber risk dataset in the world, Bitsight helps modern security leaders identify, mitigate, and communicate risk to protect their organizations.

Landstar to Release Fourth Quarter Results on Wednesday, January 31, 2024

Retrieved on:

Wednesday, January 17, 2024

Landstar System, Conference, Webcast, LSTR, Internet

JACKSONVILLE, Fla. , Jan. 17, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2023 fourth quarter results after the market closes on Wednesday, January 31, 2024.

Key Points:

JACKSONVILLE, Fla. , Jan. 17, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), announced today it will release its 2023 fourth quarter results after the market closes on Wednesday, January 31, 2024.
The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, February 1, 2024 at 8:00 a.m.
ET to discuss the fourth quarter results and current outlook.
To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Fourth Quarter 2023 Earnings Release Conference Call."

Landstar Announces Increase to Stock Purchase Program and Special Dividend

Retrieved on:

Tuesday, December 5, 2023

Investment, Landstar System, Transport, Cryptocurrency

JACKSONVILLE, Fla., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ-LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 4, 2023, its Board of Directors increased the number of shares of its common stock that the Company is authorized to purchase under its stock purchase program to 3,000,000.

Key Points:

JACKSONVILLE, Fla., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ-LSTR), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation logistics services, announced that on December 4, 2023, its Board of Directors increased the number of shares of its common stock that the Company is authorized to purchase under its stock purchase program to 3,000,000.
The increase to the share purchase program reflects a new authorization to purchase 319,332 shares of Landstar System common stock in addition to the remaining capacity under the existing authorization to purchase 2,680,668 shares.
The Company also returned $117.1 million to stockholders in the form of cash dividends paid on shares of its common stock during the 2023 fiscal year.
The Company intends to continue to use its available free cash flow to purchase its stock under its stock purchase program."

Landstar to Participate in Stephens 2023 Annual Investment Conference

Retrieved on:

Tuesday, November 7, 2023

Landstar System, Internet, Conference, Webcast, LSTR, Broadcasting

JACKSONVILLE, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today its participation in Stephens 2023 Annual Investment Conference.

Key Points:

JACKSONVILLE, Fla., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today its participation in Stephens 2023 Annual Investment Conference.
Landstar’s "fireside chat" discussion begins at 1:00 p.m.
The Stephens 2023 Annual Investment Conference webcast will be available on Landstar’s website through November 22.
For more information about the webcast, please contact Landstar’s Investor Relations department at 904-390-1305 or email [email protected].

Landstar System Reports Third Quarter Revenue of $1.289B and Earnings Per Share of $1.71

Retrieved on:

Wednesday, October 25, 2023

Landstar System, Insurance, Conference, Atmosphere, LSTR, Transport, EPS, Webcast, BCO, Weakness, Investment, Video game

JACKSONVILLE, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion.

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JACKSONVILLE, Fla., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) reported basic and diluted earnings per share (“EPS”) of $1.71 in the 2023 third quarter on revenue of $1.289 billion.
Landstar reported EPS of $2.76 on revenue of $1.816 billion in the 2022 third quarter.
Gross profit in the 2022 third quarter was $185.7 million and variable contribution in the 2022 third quarter was $245.7 million.
Truckload transportation revenue hauled via van equipment in the 2023 third quarter was $665.6 million, compared to $914.2 million in the 2022 third quarter.

Landstar to Release Third Quarter Results on Wednesday, October 25, 2023

Retrieved on:

Wednesday, October 11, 2023

LSTR, Landstar System, Internet, Webcast, Conference, Rare-earth element, Cable television, Broadcasting

JACKSONVILLE, Fla., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today it will release its 2023 third quarter results after the market closes on Wednesday, October 25, 2023.

Key Points:

JACKSONVILLE, Fla., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) announced today it will release its 2023 third quarter results after the market closes on Wednesday, October 25, 2023.
The Company will hold its quarterly conference call with analysts and investors the following morning, Thursday, October 26, 2023 at 8:00 a.m.
ET to discuss the third quarter results and current outlook.
To access the webcast, visit www.investor.landstar.com; click on "Webcasts"; and then "Landstar's Third Quarter 2023 Earnings Release Conference Call."