Landstar System traded at $176.04 this Friday May 15th, increasing $8.09 or 4.82 percent since the previous trading session. Looking back, over the last four weeks, Landstar System gained 2.68 percent. Over the last 12 months, its price rose by 21.33 percent. Looking ahead, we forecast Landstar System to be priced at 179.59 by the end of this quarter and at 168.67 in one year, according to Trading Economics global macro models projections and analysts expectations.
Landstar System, Inc. is an asset-light provider of integrated transportation management solutions. The Company operates through two operating segments: the transportation logistics segment and the insurance segment. The transportation logistics segment provides a range of integrated transportation management solutions. Transportation services offered by the Company include truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, the United States-Canada and the United States-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. The insurance segment consists of Signature Insurance Company (Signature), a wholly owned offshore insurance subsidiary, and Risk Management Claim Services, Inc. The insurance segment offers risk and claims management services to certain of Landstar’s operating subsidiaries.