0001193125-15-025488.txt : 20150129 0001193125-15-025488.hdr.sgml : 20150129 20150129154807 ACCESSION NUMBER: 0001193125-15-025488 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150129 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150129 DATE AS OF CHANGE: 20150129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LANDSTAR SYSTEM INC CENTRAL INDEX KEY: 0000853816 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] IRS NUMBER: 061313069 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21238 FILM NUMBER: 15558834 BUSINESS ADDRESS: STREET 1: 13410 SUTTON PARK DRIVE SOUTH CITY: JACKSONVILLE STATE: FL ZIP: 32224 BUSINESS PHONE: 9043901224 MAIL ADDRESS: STREET 1: LANDSTAR SYSTEM INC STREET 2: 13410 SUTTON PARK DRIVE SOUTH CITY: JACKSONVILLE STATE: FL ZIP: 32224 8-K 1 d863389d8k.htm 8-K 8-K

 

 

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) January 29, 2015

 

 

LOGO

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))

 

 

 


Item 8.01 Other Events

As of the first quarter of 2015, the Company has revised the format of its financial statement supplemental information presentation to include truck transportation revenue by trailer type. Included with this 8-K is a supplemental information presentation in the new format for each quarter of the Company’s three most recently completed fiscal years. This change in the reporting of supplemental information has no impact on reporting with respect to the Company’s consolidated balance sheets, income statements, cash flows or changes in shareholders’ equity for any periods.

Item 9.01 Financial Statements and Exhibits

 

Exhibits     
99.1    Supplemental Information by Trailer Type for Landstar System, Inc. for 2014, 2013 and 2012.


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: January 29, 2015 By: /s/ L. Kevin Stout
Name: L. Kevin Stout
Title: Vice President, Chief Financial Officer and Assistant Secretary
EX-99.1 2 d863389dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Landstar System, Inc. and Subsidiary

Supplemental Information by Trailer Type

(Unaudited)

 

  Fiscal Quarter Ended  
  Fiscal Year
Ended 2014
  December 27,
2014
  September 27,
2014
  June 28,
2014
  March 29,
2014
  Fiscal Year
Ended 2013
  December 28,
2013
  September 28,
2013
  June 29,
2013
  March 30,
2013
  Fiscal Year
Ended 2012
  December 29,
2012
  September 29,
2012
  June 30,
2012
  March 31,
2012
 

Revenue generated through (in thousands):

Truck transportation

Truckload:

Van equipment

$ 1,814,195    $ 499,651    $ 458,534    $ 458,749    $ 397,261    $ 1,464,558    $ 391,424    $ 368,957    $ 362,904    $ 341,273    $ 1,463,671    $ 371,593    $ 368,613    $ 382,756    $ 340,709   

Unsided/platform equipment

  1,093,999      289,627      287,876      285,477      231,019      932,176      233,366      240,440      241,993      216,377      1,047,262      249,083      275,765      278,277      244,137   

Less-than-truckload

  80,384      21,969      21,078      20,452      16,885      71,769      18,794      18,152      17,783      17,040      71,989      18,605      19,083      18,943      15,358   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total truck transportation

  2,988,578      811,247      767,488      764,678      645,165      2,468,503      643,584      627,549      622,680      574,690      2,582,922      639,281      663,461      679,976      600,204   

Rail intermodal

  81,220      22,263      21,936      20,526      16,495      73,820      18,370      18,762      18,677      18,011      73,932      18,930      18,782      18,838      17,382   

Ocean and air cargo carriers

  74,952      18,784      19,731      19,421      17,016      85,681      20,599      20,061      23,918      21,103      77,898      17,671      20,100      22,458      17,669   

Other (1)

  40,040      10,536      10,165      9,818      9,521      36,776      9,422      9,163      9,115      9,076      36,047      9,211      9,124      8,888      8,824   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
$ 3,184,790    $ 862,830    $ 819,320    $ 814,443    $ 688,197    $ 2,664,780    $ 691,975    $ 675,535    $ 674,390    $ 622,880    $ 2,770,799    $ 685,093    $ 711,467    $ 730,160    $ 644,079   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Number of loads:

Truck transportation

Truckload:

Van equipment

  1,038,517      270,875      260,721      264,185      242,736      935,530      241,837      232,587      236,409      224,697      938,159      229,449      235,506      246,507      226,697   

Unsided/platform equipment

  444,852      112,300      114,758      115,901      101,893      418,982      103,484      106,342      108,981      100,175      442,327      103,944      113,966      117,341      107,076   

Less-than-truckload

  96,541      26,835      25,881      24,134      19,691      101,498      24,249      23,401      26,990      26,858      106,834      27,367      28,338      27,672      23,457   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total truck transportation

  1,579,910      410,010      401,360      404,220      364,320      1,456,010      369,570      362,330      372,380      351,730      1,487,320      360,760      377,810      391,520      357,230   

Rail intermodal

  31,640      8,800      8,560      7,870      6,410      29,450      7,350      7,710      7,370      7,020      29,810      7,520      7,470      7,660      7,160   

Ocean and air cargo carriers

  16,260      4,150      4,100      4,120      3,890      16,660      4,290      4,330      4,070      3,970      15,390      3,630      3,850      3,930      3,980   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  1,627,810      422,960      414,020      416,210      374,620      1,502,120      381,210      374,370      383,820      362,720      1,532,520      371,910      389,130      403,110      368,370   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Revenue per load:

Truck transportation

Truckload:

Van equipment

$ 1,747    $ 1,845    $ 1,759    $ 1,736    $ 1,637    $ 1,565    $ 1,619    $ 1,586    $ 1,535    $ 1,519    $ 1,560    $ 1,620    $ 1,565    $ 1,553    $ 1,503   

Unsided/platform equipment

  2,459      2,579      2,509      2,463      2,267      2,225      2,255      2,261      2,221      2,160      2,368      2,396      2,420      2,372      2,280   

Less-than-truckload

  833      819      814      847      857      707      775      776      659      634      674      680      673      685      655   

Total truck transportation

  1,892      1,979      1,912      1,892      1,771      1,695      1,741      1,732      1,672      1,634      1,737      1,772      1,756      1,737      1,680   

Rail intermodal

  2,567      2,530      2,563      2,608      2,573      2,507      2,499      2,433      2,534      2,566      2,480      2,517      2,514      2,459      2,428   

Ocean and air cargo carriers

  4,610      4,526      4,812      4,714      4,374      5,143      4,802      4,633      5,877      5,316      5,062      4,868      5,221      5,715      4,439   

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

Truck capacity providers

BCO independent contractors (2)

  48   45   47   49   50   50   49   51   51   49   50   48   50   51   51

Truck brokerage carriers

  46   49   47   45   44   43   44   42   42   43   43   45   43   42   42

Rail intermodal

  3   3   3   3   2   3   3   3   3   3   3   3   3   3   3

Ocean and air cargo carriers

  2   2   2   2   2   3   3   3   4   3   3   3   3   3   3

Other

  1   1   1   1   1   1   1   1   1   1   1   1   1   1   1

 

(1) Includes primarily premium revenue generated by the insurance segment.
(2) Business Capacity Owners are independent contractors who provide truck capacity to the Company under exclusive lease arrangements.
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