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Landstar to incur $3.4M damages, $13M-$17M impairment charges in Q3
ByAinvest
Wednesday, Aug 13, 2025 1:16 pm ET1min read
Freight broker Landstar System expects to incur several charges in Q3, including a $3.4M jury verdict from an accident involving its subsidiary Landstar Ranger. The company will also record a noncash impairment charge of $13M to $17M due to the sale of its Mexican subsidiary Landstar Metro and a $9M noncash impairment charge to unwind its Blue TMS platform.
Landstar System Inc. (LSTR), a leading freight broker, has disclosed significant charges for the third quarter of 2025. The company expects to incur a $3.4 million jury verdict from an accident involving its subsidiary Landstar Ranger. Additionally, Landstar will record a noncash impairment charge of $13 million to $17 million due to the sale of its Mexican subsidiary Landstar Metro [1]. Furthermore, the company will record a $9 million noncash impairment charge to unwind its Blue TMS platform.These charges are expected to impact Landstar's financial performance in Q3. The jury verdict and impairment charges are non-cash in nature, meaning they do not involve actual cash outflows but rather adjustments to the company's assets and liabilities. However, they will still affect the company's earnings and overall financial health.
Landstar's stock has been volatile in recent quarters, with the share price down 8.5% since the latest earnings results [2]. Despite the strong performance in Q2, the company's stock has seen a decline due to market sentiment and external economic factors.
Investors should closely monitor Landstar's earnings report for Q3 to understand the full impact of these charges on the company's financials. The company's ability to navigate these challenges and maintain its operational efficiency will be crucial for its long-term performance.
References:
[1] Reuters. "Landstar System Inc. to Market Mexican Subsidiary Landstar Metro - SEC Filing." Reuters, 2025. [https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3U51K6:0-landstar-system-to-market-mexican-subsidiary-landstar-metro-sec-filing/](https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3U51K6:0-landstar-system-to-market-mexican-subsidiary-landstar-metro-sec-filing/)
[2] Yahoo Finance. "Reflecting Ground Transportation Stocks Q2." Yahoo Finance, 2025. [https://finance.yahoo.com/news/reflecting-ground-transportation-stocks-q2-033407077.html](https://finance.yahoo.com/news/reflecting-ground-transportation-stocks-q2-033407077.html)
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