Segment Information (Tables)

6 Months Ended

Jun. 28, 2025

Information Regarding Reportable Business Segments

The following tables summarize information about the Company’s reportable business segments as of and for the

twenty-six-week

and thirteen-week periods ended June 28, 2025 and June 29, 2024 (in thousands):


	Twenty-Six Weeks Ended
	June 28, 2025						June 29, 2024
	Transportation Logistics		Insurance		Total		Transportation Logistics		Insurance		Total
External revenue	$	2,334,432	$	29,453	$	2,363,885	$	2,363,607	$	32,441	$	2,396,048
Internal revenue				53,093		53,093				53,346		53,346

Total revenue		2,334,432		82,546		2,416,978		2,363,607		85,787		2,449,394

Investment income				7,327		7,327				7,066		7,066
Purchased transportation		1,839,289				1,839,289		1,855,579				1,855,579
Commissions to agents		192,836				192,836		197,098				197,098
Other operating costs, net of gains on asset sales/dispositions		31,424				31,424		28,994				28,994
Insurance and claims		63,373		60,021		123,394		54,837		51,941		106,778
Selling, general and administrative		111,985		5,303		117,288		105,017		6,344		111,361
Depreciation and amortization		24,375				24,375		28,630				28,630

Operating income		71,150		24,549		95,699		93,452		34,568		128,020

Goodwill		41,399				41,399		41,607				41,607
Operating income						95,699						128,020
Interest and debt expense (income) (1)						539						(3,286	)

Income before income taxes						95,160						131,306



	Thirteen Weeks Ended
	June 28, 2025						June 29, 2024
	Transportation Logistics		Insurance		Total		Transportation Logistics		Insurance		Total
External revenue	$	1,196,687	$	14,696	$	1,211,383	$	1,209,075	$	15,930	$	1,225,005
Internal revenue				41,514		41,514				41,277		41,277

Total revenue		1,196,687		56,210		1,252,897		1,209,075		57,207		1,266,282

Investment income				3,729		3,729				3,654		3,654
Purchased transportation		941,411				941,411		950,058				950,058
Commissions to agents		99,522				99,522		99,816				99,816
Other operating costs, net of gains on asset sales/dispositions		19,595				19,595		14,135				14,135
Insurance and claims		29,517		42,446		71,963		27,984		40,457		68,441
Selling, general and administrative		52,559		3,147		55,706		51,823		3,116		54,939
Depreciation and amortization		12,149				12,149		14,488				14,488

Operating income		41,934		14,346		56,280		50,771		17,288		68,059

Operating income						56,280						68,059
Interest and debt expense (income) (1)						698						(1,675	)

Income before income taxes						55,582						69,734

(1)

Interest and debt expense (income) includes (i) interest income earned on cash balances held by the transportation logistics segment of $2,409 and $5,045 in the 2025 and 2024

twenty-six-week

periods, respectively, and $741 and $2,545 in the 2025 and 2024 thirteen-week periods, respectively, and (ii) consolidated total interest expense of $2,948 and $1,759 in the 2025 and 2024

twenty-six-week

periods, respectively, and $1,439 and $870 in the 2025 and 2024 thirteen-week periods, respectively.

LANDSTAR SYSTEM INC 10-Q