Landstar revenue rises 25% as truck business grows

Landstar System reported third-quarter revenue of $1.512 billion, up 25% from a year earlier, as truck transportation revenue grew sharply, according to its earnings release filed with an 8-K.

The asset-light trucking company earned $1.42 per diluted share, up from $0.56 a year earlier. The year-ago figure included an impairment charge equal to $0.66 per share.

Truck business drives growth

Revenue from truck transportation was $1.407 billion, up 29% from the third quarter of 2025, the release said. Landstar added a net 165 trucks provided by business capacity owners, the independent contractors who own the trucks in its network.

Insurance costs remain heavy

The company said insurance and claims costs remained highly elevated in the quarter. Accident and claims expenses have been a persistent drag on trucking companies in recent years.

Frank Lonegro is president and chief executive.

Why it matters

Landstar relies on independent truck owners and agents rather than its own fleet, so growth in its network of business capacity owners is an important indicator of how much freight it can handle. A net gain in that count, along with strong revenue growth, suggests freight demand improved after a long downturn in the trucking market.

Investors will watch whether insurance costs ease and how the company sees freight demand in the fourth quarter, traditionally an important period for retail shipments.

Sources

1. Landstar System, Inc. Form 8-K with third-quarter 2026 results, filed Oct. 27, 2026 (accession 0001193125-26-434270)

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