Tranche Update on Landstar System, Inc.'s Equity Buyback Plan announced on August 16, 2011.
February 31, 2024
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From October 1, 2023 to December 31, 2023, the company has repurchased 239,000 shares, representing 0.66% for $42.42 million. With this, the company has completed the repurchase of 13,327,076 shares, representing 32% for $1,252.38 million under the buyback announced on August 16, 2011.
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. 
