Form 8-K

8-K — LANDSTAR SYSTEM INC

Accession: 0001193125-26-187186

Filed: 2026-04-28

Period: 2026-04-28

CIK: 0000853816

SIC: 4213 (TRUCKING (NO LOCAL))

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — d84596d8k.htm (Primary)

EX-99.1 (d84596dex991.htm)

EX-99.2 (d84596dex992.htm)

GRAPHIC (g84596dsp1.jpg)

GRAPHIC (g84596dsp5.jpg)

GRAPHIC (g84596ex99_2s10g1.jpg)

GRAPHIC (g84596ex99_2s11g1.jpg)

GRAPHIC (g84596ex99_2s12g1.jpg)

GRAPHIC (g84596ex99_2s13g1.jpg)

GRAPHIC (g84596ex99_2s14g1.jpg)

GRAPHIC (g84596ex99_2s15g1.jpg)

GRAPHIC (g84596ex99_2s16g1.jpg)

GRAPHIC (g84596ex99_2s17g1.jpg)

GRAPHIC (g84596ex99_2s18g1.jpg)

GRAPHIC (g84596ex99_2s19g1.jpg)

GRAPHIC (g84596ex99_2s1g1.jpg)

GRAPHIC (g84596ex99_2s20g1.jpg)

GRAPHIC (g84596ex99_2s21g1.jpg)

GRAPHIC (g84596ex99_2s22g1.jpg)

GRAPHIC (g84596ex99_2s23g1.jpg)

GRAPHIC (g84596ex99_2s24g1.jpg)

GRAPHIC (g84596ex99_2s25g1.jpg)

GRAPHIC (g84596ex99_2s2g1.jpg)

GRAPHIC (g84596ex99_2s3g1.jpg)

GRAPHIC (g84596ex99_2s4g1.jpg)

GRAPHIC (g84596ex99_2s5g1.jpg)

GRAPHIC (g84596ex99_2s6g1.jpg)

GRAPHIC (g84596ex99_2s7g1.jpg)

GRAPHIC (g84596ex99_2s8g1.jpg)

GRAPHIC (g84596ex99_2s9g1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: d84596d8k.htm · Sequence: 1

8-K

LANDSTAR SYSTEM INC 021-238 false 0000853816 0000853816 2026-04-28 2026-04-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 28, 2026

LANDSTAR SYSTEM, INC.

(Exact name of registrant as specified in its charter)

Delaware

021238

06-1313069

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

13410 Sutton Park Drive South, Jacksonville, Florida

32224

(Address of principal executive offices)

(Zip Code)

(904) 398-9400

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock

LSTR

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition

On April 28, 2026, Landstar System, Inc. (“Landstar” or the “Company”) issued a press release announcing results for the first quarter of fiscal 2026. A copy of the press release is attached hereto as Exhibit 99.1.

The information contained in Item 7.01 concerning the presentation to Landstar investors is hereby incorporated into this Item 2.02 by reference.

The information furnished under Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 7.01

Regulation FD Disclosure

A slide presentation, dated April 28, 2026, is attached hereto as Exhibit 99.2 and is incorporated herein by reference. The slide presentation provides information that may be referred to by the Company on its conference call with investors scheduled to occur on April 28, 2026 in connection with the Company’s release of results for the first quarter of fiscal 2026.

The information furnished under Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01

Financial Statements and Exhibits

Exhibits

99.1

Press Release, dated April 28, 2026, of Landstar System, Inc.

99.2

Slide Presentation, dated April 28, 2026, of Landstar System, Inc.

104

Inline XBRL for the cover page of this Current Report on Form 8-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LANDSTAR SYSTEM, INC.

Date: April 28, 2026

By:

/s/ James P. Todd

Name:

James P. Todd

Title:

Vice President, Chief Financial Officer

and Assistant Secretary

EX-99.1

Filename: d84596dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

For Immediate Release

April 28, 2026

LANDSTAR SYSTEM REPORTS IMPROVED FIRST QUARTER PERFORMANCE

REVENUE OF $1.171B AND EARNINGS PER SHARE OF $1.16

Jacksonville, FL - Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”) today reported its financial results for the

2026 first quarter. The Company reported total revenue of $1.171 billion in the 2026 first quarter, an increase of 2% as compared to revenue of $1.153 billion in the 2025 first quarter, and basic and diluted earnings per share

(“EPS”) of $1.16 in the 2026 first quarter, an increase of 36% as compared to EPS of $0.85 per share in the 2025 first quarter. As a reminder, EPS in the 2025 first quarter was unfavorably impacted by approximately $0.10 related to the

previously disclosed supply chain fraud matter. The Company also reported a 14% increase in gross profit and a 7% increase in variable contribution (defined as revenue less the cost of purchased transportation and commissions to agents) in the 2026

first quarter, as compared in each case to the 2025 first quarter.

“The Landstar team of independent business owners and employees executed well in

a dynamic transportation backdrop, with our network generating higher truck transportation revenues and increased BCO utilization year-over-year,” said Landstar President and Chief Executive Officer Frank Lonegro. “I was particularly

pleased with our variable contribution performance which reflected Landstar’s first year-over-year increase in variable contribution since the third quarter of 2022. We were encouraged by our improved first quarter results, attributable to a

strengthening rate environment and the Company’s unwavering commitment to safety, security and service.”

1Q 2026

1Q 2025

Change ($)

Change (%)

Revenue

1,171,291

1,152,502

18,789

1.6

Gross profit

112,542

98,305

14,237

14.5

Variable contribution

172,151

161,310

10,841

6.7

Operating income

53,236

39,419

13,817

35.1

Basic and diluted earnings per share (“EPS”)

1.16

0.85

0.31

36.5

(1)

Dollars above in thousands, except per share amounts.

(2)

Please refer to the Consolidated Statements of Income and the Reconciliation of Gross Profit to Variable

Contribution included below.

Landstar continues to return capital to stockholders through the Company’s stock purchase

program and dividends. During the 2026 first quarter, Landstar purchased 150,923 shares of its common stock at an aggregate cost of $22.6 million. The Company is currently authorized to purchase up to an additional 1,115,195

shares of the Company’s common stock under its longstanding share purchase program. Landstar also announced today that its Board of Directors declared a quarterly dividend of $0.40 per share payable on June 9, 2026, to stockholders of

record as of the close of business on May 19, 2026.

LANDSTAR SYSTEM/

During the 2026 first quarter, truck

revenue was $1,082 million, or 3% higher, as compared to the 2025 first quarter truck revenue of $1,050 million. Truck revenue per load increased approximately 6% in the 2026 first quarter compared to the 2025 first quarter, while the

number of loads hauled via truck decreased approximately 2% compared to the 2025 first quarter.

Truck transportation revenue hauled by independent

business capacity owners (“BCOs”) and truck brokerage carriers in the 2026 first quarter was 92% of revenue, compared to 91% of revenue in the 2025 first quarter. Truckload transportation revenue hauled via van equipment in the 2026

first quarter was $603 million, compared to $595 million in the 2025 first quarter. Truckload transportation revenue hauled via unsided/platform equipment in the 2026 first quarter was $369 million, compared to $340 million in

the 2025 first quarter. Revenue from other truck transportation, which is largely related to power-only services, in the 2026 first quarter was $87 million, compared to $92 million in the 2025 first quarter. Revenue hauled by rail,

air and ocean cargo carriers was $67 million, or 6% of revenue, in the 2026 first quarter, compared to $83 million, or 7% of revenue, in the 2025 first quarter.

Gross profit in the 2026 first quarter was $113 million, as compared to $98 million in the 2025 first quarter. Variable contribution in the 2026

first quarter was $172 million, compared to $161 million in the 2025 first quarter. Reconciliations of gross profit to variable contribution and gross profit margin to variable contribution margin for the 2026 and 2025 first quarters are

provided in the Company’s accompanying financial disclosures.

The Company’s balance sheet continues to be very strong, with cash and

short-term investments of approximately $411 million as of March 28, 2026. Trailing twelve-month return on average shareholders’ equity was 14%. Return on invested capital, representing net income divided by the sum of

average equity plus average debt, was 13%.

LANDSTAR SYSTEM/

Landstar will provide a live webcast

of its quarterly earnings conference call this afternoon at 4:30 p.m. ET. To access the webcast, visit www.investor.landstar.com; click on “Webcasts,” then click on “Landstar’s First Quarter 2026 Earnings Release Conference

Call.” A slide presentation to accompany the webcast presentation is also available on Landstar’s investor relations website at https://investor.landstar.com/.

Contact:

Jim Todd

Chief Financial Officer

904-398-9400

About Landstar:

Landstar System, Inc., is a technology-enabled, asset-light provider of freight transportation and logistics solutions focused on safety, security and service

to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 environmental,

health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol

LSTR.

Non-GAAP Financial Measures:

In this earnings release and accompanying financial disclosures, the Company provides the following information that may be deemed non-GAAP financial measures: variable contribution and variable contribution margin. The Company believes variable contribution and variable contribution margin are useful measures of the variable costs that we

incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent agents in order to provide services to

our customers. The Company also believes that it is appropriate to present each of the financial measures that may be deemed a non-GAAP financial measure, as referred to above, for the following reasons:

(1) disclosure of these matters will allow investors to better understand the underlying trends in the Company’s financial condition and results of operations; (2) this information will facilitate comparisons by investors of the

Company’s results as compared to the results of peer companies; and (3) management considers this financial information in its decision making.

LANDSTAR SYSTEM/

Forward Looking Statements

Disclaimer:

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements

contained in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives,

plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,”

“should,” “could,” “would,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks,

including but not limited to: decreased demand for transportation services; U.S. trade relationships and potential or imposed tariffs; an increase in the frequency or severity of accidents or other claims; unfavorable development of existing

accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent

commission sales agents, including the Company’s second largest such agent by revenue in the 2025 fiscal year; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information

security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the

purchase and use of zero-emission vehicles; intellectual property; acquisitions and investments; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2025 fiscal year, described in Part I, Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from

historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

Landstar System, Inc. and Subsidiary

Consolidated Statements of Income

(Dollars in thousands, except per share amounts)

(Unaudited)

Thirteen Weeks Ended

March 28,

March 29,

2026

2025

Revenue

1,171,291

1,152,502

Investment income

2,974

3,598

Costs and expenses:

Purchased transportation

906,997

897,878

Commissions to agents

92,143

93,314

Other operating costs, net of gains on asset sales/dispositions

14,800

11,829

Insurance and claims

35,564

39,852

Selling, general and administrative

60,965

61,582

Depreciation and amortization

10,560

12,226

Total costs and expenses

1,121,029

1,116,681

Operating income

53,236

39,419

Interest and debt expense (income)

518

(159

)

Income before income taxes

52,718

39,578

Income taxes

13,278

9,772

Net income

39,440

29,806

Basic and diluted earnings per share

1.16

0.85

Average basic and diluted shares outstanding

34,022,000

35,203,000

Dividends per common share

0.40

0.36

Landstar System, Inc. and Subsidiary

Consolidated Balance Sheets

(Dollars in thousands, except per share amounts)

(Unaudited)

March 28,

December 27,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

353,255

396,694

Short-term investments

57,697

55,531

Trade accounts receivable, less allowance of $8,606 and $12,490

692,016

670,137

Other receivables, including advances to independent contractors, less allowance of $15,791 and

$18,759

48,402

52,784

Assets held for sale

11,788

12,231

Other current assets

20,443

28,949

Total current assets

1,183,601

1,216,326

Operating property, less accumulated depreciation and amortization of $480,097 and

$473,642

255,738

261,322

Goodwill

34,005

Other assets

128,854

124,282

Total assets

1,602,198

1,635,935

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Cash overdraft

54,432

56,654

Accounts payable

396,654

369,567

Current maturities of long-term debt

26,121

28,342

Insurance claims

56,794

87,343

Dividends payable

—

68,117

Liabilities held for sale

8,468

6,961

Other current liabilities

88,251

78,856

Total current liabilities

630,720

695,840

Long-term debt, excluding current maturities

43,145

48,480

Insurance claims

96,502

62,706

Deferred income taxes and other non-current

liabilities

32,855

33,244

Shareholders’ equity:

Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,619,240 and

68,590,708

686

Additional paid-in capital

263,740

261,256

Retained earnings

2,878,506

2,852,680

Cost of 34,691,030 and 34,531,982 shares of common stock in treasury

(2,336,869

)

(2,313,245

)

Accumulated other comprehensive loss

(7,087

)

(5,712

)

Total shareholders’ equity

798,976

795,665

Total liabilities and shareholders’ equity

1,602,198

1,635,935

Landstar System, Inc. and Subsidiary

Supplemental Information

(Unaudited)

Thirteen Weeks Ended

March 28,

March 29,

2026

2025

Revenue generated through (in thousands):

Truck transportation

Truckload:

Van equipment

603,406

594,795

Unsided/platform equipment

368,569

340,408

Less-than-truckload

23,788

22,436

Other truck transportation (1)

86,518

92,079

Total truck transportation

1,082,281

1,049,718

Rail intermodal

19,314

17,487

Ocean and air cargo carriers

47,969

65,637

Other (2)

21,727

19,660

1,171,291

1,152,502

Revenue on loads hauled via BCO Independent Contractors (3) included in total truck transportation

475,348

427,057

Number of loads:

Truck transportation

Truckload:

Van equipment

277,711

288,063

Unsided/platform equipment

114,554

117,245

Less-than-truckload

34,925

35,580

Other truck transportation (1)

46,390

44,012

Total truck transportation

473,580

484,900

Rail intermodal

6,590

6,150

Ocean and air cargo carriers

6,710

9,120

486,880

500,170

Loads hauled via BCO Independent Contractors (3)

included in total truck transportation

207,610

194,070

Revenue per load:

Truck transportation

Truckload:

Van equipment

2,173

2,065

Unsided/platform equipment

3,217

2,903

Less-than-truckload

681

631

Other truck transportation (1)

1,865

2,092

Total truck transportation

2,285

2,165

Rail intermodal

2,931

2,843

Ocean and air cargo carriers

7,149

7,197

Revenue per load on loads hauled via BCO Independent Contractors (3)

2,290

2,201

Revenue by capacity type (as a % of total revenue):

Truck capacity providers:

BCO Independent Contractors (3)

Truck Brokerage Carriers

Rail intermodal

Ocean and air cargo carriers

Other

March 28,

March 29,

2026

2025

Truck Capacity Providers:

BCO Independent Contractors (3)

7,663

7,871

Truck Brokerage Carriers:

Approved and active (4)

37,647

47,323

Other approved

27,420

33,275

65,067

80,598

Total available truck capacity providers

72,730

88,469

Trucks provided by BCO Independent Contractors

(3)

8,476

8,620

(1)

Includes power-only, expedited, straight truck, cargo van, and miscellaneous other truck transportation revenue

generated by the transportation logistics segment. Power-only refers to shipments where the Company furnishes a power unit and an operator but not trailing equipment, which is typically provided by the shipper or consignee.

(2)

Includes primarily reinsurance premium revenue generated by the insurance segment and intra-Mexico

transportation services revenue generated by Landstar Metro.

(3)

BCO Independent Contractors are independent contractors who provide truck capacity to the Company under

exclusive lease arrangements.

(4)

Active refers to Truck Brokerage Carriers who moved at least one load in the 180 days immediately preceding the

fiscal quarter end.

Landstar System, Inc. and Subsidiary

Reconciliation of Gross Profit to Variable Contribution

(Dollars in thousands)

(Unaudited)

Thirteen Weeks Ended

March 28,

March 29,

2026

2025

Revenue

1,171,291

1,152,502

Costs of revenue:

Purchased transportation

906,997

897,878

Commissions to agents

92,143

93,314

Variable costs of revenue

999,140

991,192

Trailing equipment depreciation

6,268

6,977

Information technology costs (1)

2,603

3,675

Insurance-related costs (2)

35,938

40,524

Other operating costs

14,800

11,829

Other costs of revenue

59,609

63,005

Total costs of revenue

1,058,749

1,054,197

Gross profit

112,542

98,305

Gross profit margin

9.6

8.5

Plus: other costs of revenue

59,609

63,005

Variable contribution

172,151

161,310

Variable contribution margin

14.7

14.0

(1)

Includes costs of revenue incurred related to internally developed software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the Company’s independent commission sales agents, third party capacity providers, and customers, included

as a portion of depreciation and amortization and of selling, general and administrative in the Company’s Consolidated Statements of Income.

(2)

Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and

other lines of coverage related to the transportation of freight; (ii) the related cost of claims incurred under those programs; and (iii) brokerage commissions and other fees incurred relating to the administration of insurance programs

available to BCO Independent Contractors that are reinsured by the Company, which are included in selling, general and administrative in the Company’s Consolidated Statements of Income.

EX-99.2

Filename: d84596dex992.htm · Sequence: 3

EX-99.2

Date Landstar System, Inc. Earnings

Conference Call 1Q 2026 Exhibit 99.2

Forward-Looking Statements Disclaimer

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements made in this slide presentation that are not based on historical facts are “forward-looking statements.” This

presentation may make certain statements containing forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,”

“believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “would,” “will,” the

negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: the operational, financial or legal risks or uncertainties

detailed in Landstar’s Form 10-K for the 2025 fiscal year, described in the section Risk Factors, and other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical

results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. 1Q 2026

Non-GAAP Financial Measures 1Q 2026 In

this slide presentation, the Company provides the following information that may be deemed a non-GAAP financial measure: variable contribution, variable contribution margin and operating income as a percentage of variable contribution. Management

believes variable contribution and variable contribution margin are useful measures of the variable costs that we incur at a shipment-by-shipment level attributable to our transportation network of third-party capacity providers and independent

agents in order to provide services to our customers. Management believes that operating income as a percentage of variable contribution is a useful measure as: (i) variable costs of revenue for a significant portion of the Company’s business

are highly influenced by short-term market-based trends in the freight transportation industry, whereas other costs, including other costs of revenue, are much less impacted by short-term freight market trends; and (ii) this measure is meaningful to

investors’ evaluations of the Company’s management of costs attributable to operations other than the purely variable costs associated with purchased transportation and commissions to agents that the Company incurs to provide services to

our customers. Management also believes that it is appropriate to present each of the financial measures that may be deemed a non-GAAP financial measure, as referred to above, for the following reasons: (1) disclosure of these matters will allow

investors to better understand the underlying trends in the Company’s financial condition and results of operations; (2) this information will facilitate comparisons by investors of the Company’s results as compared to the results of

peer companies; and (3) management considers this financial information in its decision making. A tabulation of the expenses identified as costs of revenue as well as a reconciliation of gross profit to variable contribution and gross profit margin

to variable contribution margin for the 2026 and 2025 first quarters is included in this slide presentation within the Appendix.

Frank Lonegro Chief Executive Officer

1Q 2026 Executive Summary

Slide header CEO Perspective R E S U L

T S Dollars in Millions (except per share amounts) H I G H L I G H T S 1Q revenue performance 3% increase in truck transportation revenue over 1Q 2025, primarily attributable to an 8% increase in unsided/platform revenue Improving financial metrics

and EPS 14% increase in gross profit and a 7% increase in variable contribution over 1Q 2025 10% increase in BCO utilization over 1Q 2025 First year over year increase in variable contribution since the third quarter of 2022 Improved earnings per

share performance Strong balance sheet Continuing to return meaningful capital to stockholders Investing through the cycle Supporting our network of entrepreneurs with continued investment in trailing equipment and technology, including AI Metric 1Q

2026 1Q 2025 Chg. Revenue $ 1,171.3 $ 1,152.5 1.6% Operating Income $ 53.2 $ 39.4 35.1% Earnings per Share $ 1.16 $ 0.85 36.5%

Frank Lonegro Chief Executive Officer

1Q 2026 Network and Capacity

Slide header $1.08B Truck Revenue 474K

Truck Loadings $2,285 Truck Revenue per Load 457 Million $ Agents* 8,476 BCO Trucks 65,067 Carriers 17,200+ Trailers 0.64 DOT Accidents per Million Miles** * Based on 2025 fiscal year **See definition of DOT accidents within the Appendix 1Q R E S U

L T S L A N D S T A R N E T W O R K Agents ~980 Customers 20,000+ Capacity 72,000+ Employees* ~1,300 Landstar Network and 1Q Truckload Operating Results * Excluding LSTR Metro

Truck Capacity All information is

provided as of the end of the applicable period Active refers to truck brokerage carriers who hauled freight for Landstar in the 180-day period immediately preceding the period end. Note: Fuel surcharges billed to customers on freight hauled by BCO

Independent Contractors, which are paid 100% to the BCO and not included in either revenue or the cost of purchased transportation, were $60.4 million and $54.2 million in the 2026 and 2025 first quarters, respectively. A V A I L A B L E T R U C K C

A P A C I T Y P R O V I D E R S Type of Capacity Mar 28, 2026 Dec 27, 2025 Mar 29, 2025 BCO Independent Contractors 7,663 7,712 7,871 Truck Brokerage Carriers Approved and Active (1) 37,647 36,852 47,323 Other Approved 27,420 25,938 33,275 Total

Truck Brokerage Carriers 65,067 62,790 80,598 Total Available Truck Capacity Providers 72,730 70,502 88,469 Trucks Provided by BCO Independent Contractors 8,476 8,514 8,620

Jim Todd Chief Financial Officer 1Q

2026 Financial Results

Slide header Revenue Source Rate

(1) Vol. (2) Chg. Truck 5.6% (2.3%) 3.1% Rail Intermodal 3.1% 7.2% 10.4% Ocean/Air (0.7%) (26.4%)) (26.9%) Insurance Premiums N/A N/A (3.2%) Total Revenue — — 1.6% R E S U L T S V A R I A N C E Percentage change in rate is calculated on

a revenue per load basis. Percentage change in volume is calculated on the number of loads hauled. Revenue Dollars in Millions

Slide header Revenue Share Y-O-Y

Change 1Q 2026 1Q 2025 Market Segment in Revenue 28.9 29.0 Consumer Durables 1 16.3 14.4 Machinery 16 9.2 8.7 Building Products 7 8.5 9.1 Automotive (6) 7.3 7.2 AA&E, Hazmat 3 7.0 7.3 Electrical (2) 4.9 5.1 Metals (2) 2.6 2.7 Foodstuffs (1) 1.7

2.0 Substitute Line Haul (13) 13.6 14.5 Other (5) Transportation logistics revenue up 2% Y-O-Y Revenue Variances by Industry Served with Revenue Share Indicated Amounts in Percent

Slide header Gross Profit Variable

Contribution Amounts in % 1Q 2025 14.0 Change in Mix/Other 0.5 Revenue – Variable 0.1 Revenue – Fixed (3) 0.1 2026 14.7 C H A N G E I N V C M A R G I N Gross profit equals revenue less the cost of purchased transportation, commissions to

agents and other costs of revenue. Gross profit margin equals gross profit divided by revenue. Variable contribution (VC) equals revenue less the cost of purchased transportation and commissions to agents. Variable contribution margin equals VC

divided by revenue. Revenue on transactions where the Company’s variable contribution margin was based on a contractually pre-determined percentage of revenue accounted for 45% and 42% of revenue in the 2026 and 2025 first quarters,

respectively. R E S U L T S 9.6% 8.5% 14.7% 14.0% Gross Profit (1) and Variable Contribution (2) with Associated Margins Dollars in Millions

Slide header Operating Income

Percentage of Gross Profit Variable Contribution C H A N G E I N P E R C E N T A G E of Variable Contribution R E S U L T S Operating Income as a Percentage of Gross Profit and Variable Contribution Dollars in Millions Amounts in % 1Q 2025 24.4)

Insurance and claims 3.5 SG&A 2.8 Depreciation and amortization 1.5 Other operating costs (1.3) 2026 30.9

Slide header Return Type Mar 28,

2026 Mar 29, 2025 Equity 14% 18% Invested Capital 13% 17% Assets 7% 10% N E T C A S H (1) with Debt to Capital (2) as of date indicated S O U R C E S / U S E S O F C A S H Year-to-date as of date indicated Cash Flow Type 1Q 2026 1Q 2025 Cash flow

from operations $ 78.2 $ 55.7 Capital expenditures $ 5.8 $ 1.9 Free cash flow (3) $ 72.4 $ 53.8 Share repurchases $ 22.4 $ 60.4 Dividends paid $ 81.7 $ 83.3 R E T U R N S Trailing 12 months as of date indicated Net cash is defined as cash and cash

equivalents of $353.3 million plus short term investments of $57.7 million less outstanding debt of $69.3 million as of March 28, 2026. As of March 29, 2025, net cash was cash and cash equivalents of $417.4 million plus short term investments of

$56.0 million less outstanding debt of $94.0 million. Capital is defined as total debt plus total shareholders’ equity. Free cash flow is defined as cash flow from operations less cash capital expenditures. 8% 9% Key Balance Sheet and Cash

Flow Statistics Dollars in Millions

Frank Lonegro Chief Executive

Officer 1Q 2026 Closing Remarks

Slide header Current Market Update

and Historical Trends Ü Current Market Update - April 2026 business activity: – Truck Loads: April approximately equal to April 2025 – Essentially in-line with typical March to April month-to-month historical trends – Truck

Revenue per Load: April approximately 13% above April 2025 – Significantly above typical March to April month-to-month historical trends Historical Trends - Pre-pandemic historical seasonality patterns would normally yield: – Truck

Revenue: Mid-single digit to high-single digit increase from 1Q to 2Q – Truck Loads: 7% increase 1Q to 2Q – Truck Revenue per Load: 2% increase 1Q to 2Q

1Q 2026 Appendix

Slide header Revenue Breakdown by

Service Type P E R C E N T A G E O F R E V E N U E 1Q 2 0 2 6 by Service Type LTL — 2% T R U C K L O A D Van — 52%, Unsided/Platform — 31% OTHER TRUCK — 7% T R U C K T R A N S P O R T A T I O N RAIL INTERMODAL — 2%

OCEAN / AIR CARGO — 4% CHANGE IN MIX SINCE 1Q 2025 Van Equipment Unsided/ Platform Equipment LTL Other Truck Transportation Rail Intermodal Ocean/ Air cargo All Other 52% Ü 52% 30% Ü 31% 2% Ü 2% 8% Ü 7% 2% Ü 2% 6%

Ü 4% 2% Ü 2% ALL OTHER — 2%

Slide header Truckload Loadings and

Revenue per Truckload Trends U N S I D E D / P L A T F O R M V A N NUMBER OF LOADS REVENUE PER LOAD NUMBER OF LOADS REVENUE PER LOAD

Reconciliation of Gross Profit to

Variable Contribution Dollars in Thousands Includes costs of revenue incurred related to internally developed software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the

Company’s independent commission sales agents, third party capacity providers, and customers, included as a portion of depreciation and amortization and of selling, general and administrative in the Company's Consolidated Statements of Income.

Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and other lines of coverage related to the transportation of freight; (ii) the related cost of claims incurred under those programs; and (iii)

brokerage commissions and other fees incurred relating to the administration of insurance programs available to BCO Independent Contractors that are reinsured by the Company, which are included in selling, general and administrative in the

Company’s Consolidated Statements of Income. 2010 2011 2009 % Proj % Plan % External Revenue #REF! #REF! #REF! Purchased Transportation 0 #REF! 0 #REF! #REF! #REF! Commissions to Agents 0 #REF! 0 #REF! #REF! #REF! Net Revenue #REF! #REF! #REF!

#REF! #REF! #REF! Investment Income 0 #REF! #VALUE! #VALUE! #REF! 1.1% Other Operating Costs #REF! #REF! #REF! #REF! #REF! #REF! Insurance Expense #REF! #REF! #REF! #REF! #REF! #REF! SG&A #REF! #REF! #REF! #REF! #REF! #REF! Depreciation and

Amortization #REF! #REF! #REF! #REF! #REF! #REF! Operating Income #REF! #REF! #REF! #REF! #REF! #REF! Interest and Debt Expense #REF! #REF! #REF! Income Before Income Taxes #REF! #REF! #REF! Income Taxes #REF! #REF! #REF! Net Income #REF! #REF!

#REF! Diluted Earnings per Share Shares Diluted Earnings per Share % of 2013 % of 2013 % of Fiscal Years Ended Thirteen Weeks Ended December 25, December 26, March 28, March 29, 2021 2020 2026 2025 2012 Rev/GP Plan Rev/GP Proj Rev/GP Revenue

$6,537,568 $4,132,981 $1,171,291 $1,152,502 External Revenue #REF! #REF! #REF! Costs of revenue: Purchased Transportation #REF! #REF! #REF! #REF! #REF! #REF! Purchased transportation 5,114,667 3,192,850 ,906,997 ,897,878 Commissions to agents

,507,209 ,340,780 92,143 93,314 Variable costs of revenue 5,621,876 3,533,630 ,999,140 ,991,192 Interest and Debt Expense #REF! #REF! #REF! Income Before Income Taxes #REF! #REF! #REF! Trailing equipment depreciation 35,204 34,892 6,268 6,977

Information technology costs (1) 13,560 9,791 2,603 3,675 Insurance-related costs (2) ,109,387 90,778 35,938 40,524 Income Taxes #REF! #REF! #REF! Other operating costs 36,531 30,463 14,800 11,829 Other costs of revenue ,194,682 ,165,924 59,609

63,005 Total costs of revenue 5,816,558 3,699,554 1,058,749 1,054,197 Gross profit $,721,010 $,433,427 $,112,542 $98,305 Gross profit margin 0.11028718936460775 0.10487031031596807 9.6% 8.5% Plus: other costs of revenue ,194,682 ,165,924 59,609

63,005 Variable contribution $,915,692 $,599,351 $,172,151 $,161,310 Variable contribution margin 0.14006615304039668 0.14501663569225215 0.14699999999999999 0.13996504995219097 (1) Includes costs of revenue incurred related to internally developed

software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the Company’s independent commission sales agents, third party capacity providers, and customers, included as a portion

of depreciation and amortization and of selling, general and administrative in the Company's Consolidated Statements of Income. (2) Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and other

lines of coverage related to the transportation of freight; (ii) the related cost of claims incurred under those programs; and (iii) brokerage commissions and other fees incurred relating to the administration of insurance programs available to BCO

Independent Contractors that are reinsured by the Company, which are included in selling, general and administrative in the Company’s Consolidated Statements of Income. 2010 2011 2009 % Proj % Plan % External Revenue #REF! #REF! #REF!

Purchased Transportation 0 #REF! 0 #REF! #REF! #REF! Commissions to Agents 0 #REF! 0 #REF! #REF! #REF! Net Revenue #REF! #REF! #REF! #REF! #REF! #REF! Investment Income 0 #REF! #VALUE! #VALUE! #REF! 1.1% Other Operating Costs #REF! #REF! #REF! #REF!

#REF! #REF! Insurance Expense #REF! #REF! #REF! #REF! #REF! #REF! SG&A #REF! #REF! #REF! #REF! #REF! #REF! Depreciation and Amortization #REF! #REF! #REF! #REF! #REF! #REF! Operating Income #REF! #REF! #REF! #REF! #REF! #REF! Interest and Debt

Expense #REF! #REF! #REF! Income Before Income Taxes #REF! #REF! #REF! Income Taxes #REF! #REF! #REF! Net Income #REF! #REF! #REF! Diluted Earnings per Share Shares Diluted Earnings per Share % of 2013 % of 2013 % of Fiscal Years Ended Thirteen

Weeks Ended December 25, December 26, March 28, March 29, 2021 2020 2026 2025 2012 Rev/GP Plan Rev/GP Proj Rev/GP Revenue $6,537,568 $4,132,981 $1,171,291 $1,152,502 External Revenue #REF! #REF! #REF! Costs of revenue: Purchased Transportation #REF!

#REF! #REF! #REF! #REF! #REF! Purchased transportation 5,114,667 3,192,850 ,906,997 ,897,878 Commissions to agents ,507,209 ,340,780 92,143 93,314 Variable costs of revenue 5,621,876 3,533,630 ,999,140 ,991,192 Interest and Debt Expense #REF! #REF!

#REF! Income Before Income Taxes #REF! #REF! #REF! Trailing equipment depreciation 35,204 34,892 6,268 6,977 Information technology costs (1) 13,560 9,791 2,603 3,675 Insurance-related costs (2) ,109,387 90,778 35,938 40,524 Income Taxes #REF! #REF!

#REF! Other operating costs 36,531 30,463 14,800 11,829 Other costs of revenue ,194,682 ,165,924 59,609 63,005 Total costs of revenue 5,816,558 3,699,554 1,058,749 1,054,197 Gross profit $,721,010 $,433,427 $,112,542 $98,305 Gross profit margin

0.11028718936460775 0.10487031031596807 9.6% 8.5% Plus: other costs of revenue ,194,682 ,165,924 59,609 63,005 Variable contribution $,915,692 $,599,351 $,172,151 $,161,310 Variable contribution margin 0.14006615304039668 0.14501663569225215

0.14699999999999999 0.13996504995219097 (1) Includes costs of revenue incurred related to internally developed software including ASC 350-40 amortization, implementation costs, hosting costs and other support costs utilized to support the

(2) Primarily includes (i) insurance premiums paid for commercial auto liability, general liability, cargo and other lines of coverage related to the transportation of freight; (ii) the related cost of claims incurred under those programs; and (iii)

Company’s Consolidated Statements of Income.

Slide header Free Cash Flow with

Stock Purchases and Dividends Dollars and Shares in Millions 5 – Y E A R S U M M A R Y Cash Flow Item 2021 2022 2023 2024 2025 Cash flow from operations $ 277 $ 623 $ 394 $ 287 $ 225 Cash capital expenditures $ 24 $ 26 $ 26 $ 31 $ 10 Free cash

flow $ 253 $ 597 $ 368 $ 256 $ 215 Share repurchases $ 123 $ 286 $ 54 $ 81 $ 180 Dividends paid $ 112 $ 116 $ 117 $ 120 $ 125 Common share count(1) 37.7 35.9 35.7 35.3 34.1 Common share count as of the end of the applicable period.

Slide header DOT Accident (1)

Frequency per Million Miles Traveled by BCOs 5 – Y E A R S U M M A R Y A “DOT Accident” is defined, consistent with U.S. 49 CFR 390.5T, as an occurrence involving a commercial motor vehicle operating on a highway in interstate or

intrastate commerce that results in a fatality, a bodily injury to a person who, as a result of the injury, immediately receives medical treatment away from the scene of the accident, or one or more motor vehicles incurring disabling damage as a

result of the accident, requiring the motor vehicle(s) to be transported away from the scene by a tow truck or by other motor vehicle, but does not include an occurrence involving only boarding and alighting from a stationary motor vehicle or an

occurrence involving only the loading or unloading of cargo.

AI Effort: AI Task Force Benefit:

Accelerate the automation of routine agent & BCO workflows Unlock Growth Network Retention Improve Communications Enhance Decision Making Identify and Reduce Risk Improve Productivity Accelerate Workflow Automation Recruit, retain & grow

network through enhanced technology AI Effort: BCO Retention Benefit: Targeted support for at risk BCOs AI Effort: AI agents embedded within agent portal; AI Task Force Benefit: Raise agent & BCO revenue thresholds through enhanced tools AI

Effort: AI-Enhanced Fraud Detection Tool Benefit: Technology enhanced vetting to minimize fraudulent activity AI Effort: Pricing Tool; AI agents embedded within agent portal Benefit: Improve insights and decision support AI Effort: AI-Enabled Call

Center; AI Task Force Benefit: Reduced network friction Improve productivity and unlock Agent & BCO growth Attract & retain Agents & BCOs Strengthen reputation as the leader in Safety, Security and Service AI For The Landstar Network of

Entrepreneurs In-flight AI Efforts AI related projects account for half of Landstar’s 2026 IT capital budget

AI Effort: AI-Enabled Contact

Center; AI agents: AI Task Force Benefits: Synchronize agent, BCO and corporate workflows & communication Strengthen Brand Leverage Financial Strength Network Retention Enhance Decision Making Identify Risk Improve Productivity Improve Network

Integration Grow network through enhanced support AI Effort: ERP; AI Enhanced Credit Benefit: Improve decision making AI Effort: AI-Enabled Contact Center; Microsoft Co-Pilot corporate roll-out Benefit: Optimize internal resources, focus on higher

value problem solving AI Effort: AI-Enhanced Fraud Detection Tool Benefit: Enhanced analytical tools to minimize fraudulent activity AI Effort AI-Enabled Contact Center Benefit: Improve network support & access to information AI Effort: BCO

Retention Tool Benefit: Improve toolkit to aid BCO retention Improve the experience for all Landstar Network stakeholders Optimize the deployment of resources Minimize risk and reduce friction throughout the Landstar Network AI For Landstar

Corporate In-flight AI Efforts

Date Landstar System, Inc. Earnings

Conference Call 1Q 2026

GRAPHIC

Filename: g84596dsp1.jpg · Sequence: 7

Binary file (5219 bytes)

Download g84596dsp1.jpg

GRAPHIC

Filename: g84596dsp5.jpg · Sequence: 8

Binary file (11763 bytes)

Download g84596dsp5.jpg

GRAPHIC

Filename: g84596ex99_2s10g1.jpg · Sequence: 9

Binary file (56738 bytes)

Download g84596ex99_2s10g1.jpg

GRAPHIC

Filename: g84596ex99_2s11g1.jpg · Sequence: 10

Binary file (69643 bytes)

Download g84596ex99_2s11g1.jpg

GRAPHIC

Filename: g84596ex99_2s12g1.jpg · Sequence: 11

Binary file (83974 bytes)

Download g84596ex99_2s12g1.jpg

GRAPHIC

Filename: g84596ex99_2s13g1.jpg · Sequence: 12

Binary file (78136 bytes)

Download g84596ex99_2s13g1.jpg

GRAPHIC

Filename: g84596ex99_2s14g1.jpg · Sequence: 13

Binary file (96362 bytes)

Download g84596ex99_2s14g1.jpg

GRAPHIC

Filename: g84596ex99_2s15g1.jpg · Sequence: 14

Binary file (126875 bytes)

Download g84596ex99_2s15g1.jpg

GRAPHIC

Filename: g84596ex99_2s16g1.jpg · Sequence: 15

Binary file (91836 bytes)

Download g84596ex99_2s16g1.jpg

GRAPHIC

Filename: g84596ex99_2s17g1.jpg · Sequence: 16

Binary file (77462 bytes)

Download g84596ex99_2s17g1.jpg

GRAPHIC

Filename: g84596ex99_2s18g1.jpg · Sequence: 17

Binary file (79995 bytes)

Download g84596ex99_2s18g1.jpg

GRAPHIC

Filename: g84596ex99_2s19g1.jpg · Sequence: 18

Binary file (99141 bytes)

Download g84596ex99_2s19g1.jpg

GRAPHIC

Filename: g84596ex99_2s1g1.jpg · Sequence: 19

Binary file (107762 bytes)

Download g84596ex99_2s1g1.jpg

GRAPHIC

Filename: g84596ex99_2s20g1.jpg · Sequence: 20

Binary file (104926 bytes)

Download g84596ex99_2s20g1.jpg

GRAPHIC

Filename: g84596ex99_2s21g1.jpg · Sequence: 21

Binary file (71689 bytes)

Download g84596ex99_2s21g1.jpg

GRAPHIC

Filename: g84596ex99_2s22g1.jpg · Sequence: 22

Binary file (71925 bytes)

Download g84596ex99_2s22g1.jpg

GRAPHIC

Filename: g84596ex99_2s23g1.jpg · Sequence: 23

Binary file (121627 bytes)

Download g84596ex99_2s23g1.jpg

GRAPHIC

Filename: g84596ex99_2s24g1.jpg · Sequence: 24

Binary file (111183 bytes)

Download g84596ex99_2s24g1.jpg

GRAPHIC

Filename: g84596ex99_2s25g1.jpg · Sequence: 25

Binary file (107099 bytes)

Download g84596ex99_2s25g1.jpg

GRAPHIC

Filename: g84596ex99_2s2g1.jpg · Sequence: 26

Binary file (96321 bytes)

Download g84596ex99_2s2g1.jpg

GRAPHIC

Filename: g84596ex99_2s3g1.jpg · Sequence: 27

Binary file (142541 bytes)

Download g84596ex99_2s3g1.jpg

GRAPHIC

Filename: g84596ex99_2s4g1.jpg · Sequence: 28

Binary file (127288 bytes)

Download g84596ex99_2s4g1.jpg

GRAPHIC

Filename: g84596ex99_2s5g1.jpg · Sequence: 29

Binary file (91979 bytes)

Download g84596ex99_2s5g1.jpg

GRAPHIC

Filename: g84596ex99_2s6g1.jpg · Sequence: 30

Binary file (127809 bytes)

Download g84596ex99_2s6g1.jpg

GRAPHIC

Filename: g84596ex99_2s7g1.jpg · Sequence: 31

Binary file (92315 bytes)

Download g84596ex99_2s7g1.jpg

GRAPHIC

Filename: g84596ex99_2s8g1.jpg · Sequence: 32

Binary file (101255 bytes)

Download g84596ex99_2s8g1.jpg

GRAPHIC

Filename: g84596ex99_2s9g1.jpg · Sequence: 33

Binary file (81298 bytes)

Download g84596ex99_2s9g1.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 35

v3.26.1

Document and Entity Information

Apr. 28, 2026

Cover [Abstract]

Entity Registrant Name

LANDSTAR SYSTEM INC

Entity File Number

021-238

Amendment Flag

false

Entity Central Index Key

0000853816

Document Type

8-K

Document Period End Date

Apr. 28, 2026

Entity Incorporation State Country Code

Entity Tax Identification Number

06-1313069

Entity Address, Address Line One

13410 Sutton Park Drive South

Entity Address, City or Town

Jacksonville

Entity Address, State or Province

Entity Address, Postal Zip Code

32224

City Area Code

(904)

Local Phone Number

398-9400

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Security 12b Title

Common Stock

Trading Symbol

LSTR

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration