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) April 21, 2021

LANDSTAR SYSTEM, INC.

(Exact name of registrant as specified in its charter)

Delaware	021238	06-1313069
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	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 21, 2021, Landstar System, Inc. (“Landstar” or the “Company”) issued a press release announcing results for the first quarter of fiscal 2021. 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 21, 2021, 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 22, 2021 in connection with the Company’s release of results for the first quarter of fiscal 2021.

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	News Release dated April 21, 2021 of Landstar System, Inc.
99.2	Slide Presentation dated April 21, 2021 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 21, 2021	By:	/s/ James B. Gattoni
	Name:	James B. Gattoni
	Title:	President and Chief Executive Officer

EX-99.1

Exhibit 99.1

Landstar System, Inc.

13410 Sutton Park Drive, South

Jacksonville, FL 32224

904 398 9400

For Immediate Release	Contact: Jim Gattoni
	Landstar System, Inc.
	www.landstar.com
April 21, 2021	904-398-9400

LANDSTAR SYSTEM REPORTS ALL-TIME QUARTERLY RECORD

DILUTED EARNINGS PER SHARE OF $2.01 IN THE 2021 FIRST QUARTER

Jacksonville, FL - Landstar System, Inc. (NASDAQ: LSTR) reported all-time quarterly record net income of $77.2 million, or $2.01 per diluted share, in the 2021 first quarter, on record first quarter revenue of $1.288 billion. In the 2020 first quarter, net income was $40.9 million, or $1.04 per diluted share, on $927.6 million of revenue. 2021 first quarter revenue, net income and diluted earnings per share increased 39 percent, 89 percent and 93 percent, respectively, over the 2020 first quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was an all-time quarterly record $189.2 million in the 2021 first quarter, 32 percent above 2020 first quarter gross profit of $142.9 million. Note that the adverse impact of the COVID-19 pandemic on the U.S. economy in early 2020 did not have a significant impact on Landstar’s first quarter 2020 results, but did have a significant impact on the Company’s 2020 second quarter results.

Truck transportation revenue hauled by independent business capacity owners (“BCOs”) and truck brokerage carriers in the 2021 first quarter was $1,193.5 million, or 93 percent of revenue, compared to $854.6 million, or 92 percent of revenue, in the 2020 first quarter. Truckload transportation revenue hauled via van equipment in the 2021 first quarter was $827.2 million compared to $545.3 million in the 2020 first quarter. Truckload transportation revenue hauled via unsided/platform equipment in the 2021 first quarter was $340.6 million compared to $286.3 million in the 2020 first quarter. Revenue hauled by rail, air and ocean cargo carriers was $79.3 million, or 6 percent of revenue, in the 2021 first quarter compared to $54.7 million, or 6 percent of revenue, in the 2020 first quarter.

LANDSTAR SYSTEM/2

Trailing twelve month return on average shareholders’ equity was 33 percent and return on invested capital, representing net income divided by the sum of average equity plus average debt, was 29 percent. The Company is currently authorized to purchase up to 1,821,030 shares of the Company’s common stock under its previously announced share purchase program. Landstar announced today that its Board of Directors has declared a quarterly dividend of $0.21 per share payable on May 28, 2021, to stockholders of record as of the close of business on May 6, 2021. It is currently the intention of the Board to pay dividends on a quarterly basis going forward.

“Landstar’s 2021 first quarter set a new standard as the best first quarter financial performance in our history. Revenue was the second highest quarterly revenue in Landstar’s history, second only to the 2020 fourth quarter. And, 2021 first quarter gross profit, net income and diluted earnings per share were each all-time quarterly records. First quarter 2021 operating margin, representing operating income divided by gross profit, was 54.6 percent, also an all-time quarterly record,” said Landstar President and CEO Jim Gattoni. “Typically, truckload volumes in the first quarter of any year are softer than in the second, third and fourth quarters due to seasonality. Given the exceptional performance by Landstar in the 2021 first quarter, I believe the stage has now been set for what should be a record-setting year.”

“Revenue from truck loads hauled via van equipment exceeded the 2020 first quarter by 52 percent, and revenue from truck loads hauled via unsided/platform equipment exceeded the 2020 first quarter by 19 percent. Consumer demand for durables, building products and e-commerce drove record quarterly van revenue, while growth in the U.S. metals and machinery sectors continued to drive improvement in unsided/platform equipment performance. For revenue generated via van equipment in the 2021 first quarter compared to the 2020 first quarter, the number of loads increased 17 percent and revenue per load increased 30 percent. Revenue from truck loads hauled via unsided/platform equipment continued to improve from the softer conditions that existed throughout most of 2020. The number of loads and revenue per load on loads hauled via unsided/platform equipment in the 2021 first quarter exceeded the 2020 first quarter by 5 percent and 14 percent, respectively.”

LANDSTAR SYSTEM/3

Gattoni continued, “In our 2020 year-end earnings release on January 27, 2021, we provided first quarter revenue guidance of $1.10 billion to $1.15 billion and first quarter diluted earnings per share guidance of $1.55 to $1.65. Actual 2021 first quarter revenue was $1.288 billion and diluted earnings per share was $2.01, both significantly above the high end of our previously issued guidance. Our 2021 first quarter guidance reflected our expectation that revenue per load on loads hauled via truck would exceed the 2020 first quarter in a mid-teen percentage range and the number of loads hauled via truck in the 2021 first quarter would exceed the 2020 first quarter in a high single digit percentage range. Actual performance in the 2021 first quarter significantly exceeded our expectations, as summarized in the following chart:

	% growth over prior year
	Actual Q4 2020			Guidance Q1 2021	Actual Q1 2021
Truck revenue per load		17	%	14% - 16%		24	%
Number of truck loads		13	%	7% - 9%		13	%

As noted above, revenue per load and the number of loads hauled via truck in the 2021 first quarter exceeded the 2020 first quarter by 24 percent and 13 percent, respectively, as our assumption of decelerating year-over-year volume growth in February and March on softening consumer demand did not transpire. The winter storms that impacted much of the central portion of the country during the last week of Landstar’s fiscal February had a significant impact on freight volumes during that week. We believe these storms temporarily delayed many loads that otherwise would have been hauled in February to instead be hauled in March. After taking this short-term impact into consideration, load volume and revenue per load on loads hauled via truck remained strong through the entirety of the 2021 first quarter and were generally in-line with historical seasonal month-to-month trends, with the exception of truck revenue per load in fiscal March. Revenue per load on loads hauled via truck in March 2021 exceeded March 2020 by an impressive 31 percent, far above the 18 percent and 19 percent month-over-prior-year-month growth experienced in January and February 2021, respectively. Revenue per load on loads hauled via van and unsided/platform equipment both experienced unusually large percentage increases from February to March.”

LANDSTAR SYSTEM/4

Gattoni continued, “Second quarter year-over-prior-year revenue and diluted earnings per share comparisons are not meaningful due to the adverse impact the COVID-19 pandemic had on the Company’s 2020 second quarter financial results. On a sequential basis, I expect the strong finish to the 2021 first quarter to continue through the 2021 second quarter. As a result, I expect both revenue per load and the number of loads hauled via truck to be in a mid-single digit percentage range above the 2021 first quarter. As such, I anticipate revenue for the 2021 second quarter to be in a range of $1.40 billion to $1.45 billion.”

Gattoni concluded, “Based on the range of revenue estimated for the 2021 second quarter, I would anticipate diluted earnings per share to be in a range of $2.20 to $2.30. This range of diluted earnings per share includes insurance and claims expense estimated at 4.3 percent of BCO revenue.”

Landstar will provide a live webcast of its quarterly earnings conference call tomorrow morning at 8:00 a.m. ET. To access the webcast, visit the Company’s website at www.landstar.com; click on “Investor Relations” and “Webcasts,” then click on “Landstar’s First Quarter 2021 Earnings Release Conference Call.”

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,” “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 impact of the coronavirus (COVID-19) pandemic; 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; decreased demand for transportation services; substantial industry competition; disruptions or

LANDSTAR SYSTEM/5

failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; changes in fuel taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; catastrophic loss of a Company facility; intellectual property; unclaimed property; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10K for the 2020 fiscal year, described in 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.

About Landstar:

Landstar System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services 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.

LANDSTAR SYSTEM/6

Landstar System, Inc. and Subsidiary

Consolidated Statements of Income

(Dollars in thousands, except per share amounts)

(Unaudited)

	Thirteen Weeks Ended
	March 27,		March 28,
	2021		2020
Revenue	$	1,287,534	$	927,566
Investment income		684		1,167
Costs and expenses:
Purchased transportation		998,285		709,257
Commissions to agents		100,009		75,376
Other operating costs, net of gains on asset sales/dispositions		7,642		8,306
Insurance and claims		21,505		24,957
Selling, general and administrative		45,408		45,327
Depreciation and amortization		12,101		11,505
Total costs and expenses		1,184,950		874,728
Operating income		103,268		54,005
Interest and debt expense		1,042		952
Income before income taxes		102,226		53,053
Income taxes		24,986		12,158
Net income	$	77,240	$	40,895
Diluted earnings per share	$	2.01	$	1.04
Average diluted shares outstanding		38,404,000		39,254,000
Dividends per common share	$	0.210	$	0.185

LANDSTAR SYSTEM/7

Landstar System, Inc. and Subsidiary

Consolidated Balance Sheets

(Dollars in thousands, except per share amounts)

(Unaudited)

	March 27,			December 26,
	2021			2020
ASSETS
Current assets:
Cash and cash equivalents	$	219,389		$	249,354
Short-term investments		41,407			41,375
Trade accounts receivable, less allowance of $7,095 and $8,670		824,872			764,169
Other receivables, including advances to independent contractors, less allowance of $6,711 and $7,239		40,067			134,757
Other current assets		11,584			18,520
Total current assets		1,137,319			1,208,175
Operating property, less accumulated depreciation and amortization of $309,464 and $299,407		288,041			296,996
Goodwill		40,732			40,949
Other assets		108,373			107,679
Total assets	$	1,574,465		$	1,653,799
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Cash overdraft	$	74,754		$	74,748
Accounts payable		414,440			380,505
Current maturities of long-term debt		32,800			35,415
Insurance claims		39,229			149,774
Dividends payable		—			76,770
Other current liabilities		101,442			88,925
Total current liabilities		662,665			806,137
Long-term debt, excluding current maturities		58,196			65,359
Insurance claims		39,850			38,867
Deferred income taxes and other non-current liabilities		50,835			51,601
Shareholders’ equity:
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,212,296 and 68,183,702		682			682
Additional paid-in capital		232,597			228,875
Retained earnings		2,115,411			2,046,238
Cost of 29,803,726 and 29,797,639 shares of common stock in treasury		(1,582,818	)		(1,581,961	)
Accumulated other comprehensive loss		(2,953	)		(1,999	)
Total shareholders’ equity		762,919			691,835
Total liabilities and shareholders’ equity	$	1,574,465		$	1,653,799

LANDSTAR SYSTEM/8

Landstar System, Inc. and Subsidiary

Supplemental Information

(Unaudited)

	Thirteen Weeks Ended
	March 27,			March 28,
	2021			2020
Revenue generated through (in thousands):
Truck transportation
Truckload:
Van equipment	$	827,187		$	545,307
Unsided/platform equipment		340,632			286,328
Less-than-truckload		25,670			22,941
Total truck transportation		1,193,489			854,576
Rail intermodal		31,708			28,129
Ocean and air cargo carriers		47,600			26,587
Other (1)		14,737			18,274
	$	1,287,534		$	927,566
Revenue on loads hauled via BCO Independent Contractors (2) included in total truck transportation	$	560,114		$	431,279
Number of loads:
Truck transportation
Truckload:
Van equipment		368,873			315,345
Unsided/platform equipment		126,265			120,589
Less-than-truckload		40,692			38,356
Total truck transportation		535,830			474,290
Rail intermodal		11,700			11,540
Ocean and air cargo carriers		9,230			7,070
		556,760			492,900
Loads hauled via BCO Independent Contractors (2) included in total truck transportation		245,950			233,400
Revenue per load:
Truck transportation
Truckload:
Van equipment	$	2,242		$	1,729
Unsided/platform equipment		2,698			2,374
Less-than-truckload		631			598
Total truck transportation		2,227			1,802
Rail intermodal		2,710			2,438
Ocean and air cargo carriers		5,157			3,761
Revenue per load on loads hauled via BCO Independent Contractors (2)	$	2,277		$	1,848
Revenue by capacity type (as a % of total revenue);
Truck capacity providers:
BCO Independent Contractors (2)		44	%		46	%
Truck Brokerage Carriers		49	%		46	%
Rail intermodal		2	%		3	%
Ocean and air cargo carriers		4	%		3	%
Other		1	%		2	%
	March 27,			March 28,
	2021			2020
Truck Capacity Providers
BCO Independent Contractors (2)		10,498			9,444
Truck Brokerage Carriers:
Approved and active (3)		49,538			38,879
Other approved		23,246			16,657
		72,784			55,536
Total available truck capacity providers		83,282			64,980
Trucks provided by BCO Independent Contractors (2)		11,268			10,112

(1) Includes primarily reinsurance premium revenue generated by the insurance segment and intra-Mexico transportation services revenue generated by Landstar Metro.

(2) BCO Independent Contractors are independent contractors who provide truck capacity to the Company under exclusive lease arrangements.

(3) Active refers to Truck Brokerage Carriers who moved at least one load in the 180 days immediately preceding the fiscal quarter end.

EX-99.2

April 21, 2021 Landstar System, Inc. Earnings Conference Call First Quarter 2021 Date Published: 04/21/2021 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. Such statements are by nature subject to uncertainties and risks, including but not limited to: the operational, financial and legal risks detailed in Landstar’s Form 10-K for the 2020 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 Landstar undertakes no obligation to publicly update or revise any forward-looking statements. Date Published: 04/21/2021

Model Definition Landstar is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third party capacity providers and employees. Date Published: 04/21/2021

The Network Landstar Employees Approx. 1,300 Agents Approx. 1,200 Customers 25,000+ Capacity 79,000+ 2020 Results $4.1 billion in revenue 2.0 million loadings 508 million dollar agents 10,991 BCO trucks (2020 year-end) 69,025 Carriers (2020 year-end) 17,000+ Trailers (2020 year-end) Date Published: 04/21/2021

Percentage of Revenue 1Q20 1Q21 Truck Transportation Truckload Van equipment 59% 64% Unsided/platform equipment 31% 26% Less-than-truckload 2% 2% Rail intermodal 3% 2% Ocean and air cargo 3% 4% Transportation Management Services Date Published: 04/21/2021

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 ($’s in thousands) Date Published: 04/21/2021 Quarter Quarter Qtr over Prior Year Qtr Rate (1) Volume (2) Change Truck Revenue 0.23599999999999999 0.13 0.39700000000000002 Rail Intermodal Revenue 0.112 1.4% 0.127 Ocean/Air Revenue 0.371 0.30599999999999999 0.79 Insurance Premiums NA NA 0.245 Total Revenue 0.38800000000000001

Van Equipment Unsided/Platform Equipment Truckload Loadings and Revenue per Load (Excludes LTL) Date Published: 04/21/2021

As a Percentage of Revenue 1Q20 1Q21 Quarter over Prior Year Quarter Change in Revenue Consumer Durables 23.9 28.7 67% Machinery 13.4 11.0 14% Building Products 9.1 8.5 31% AA&E, Hazmat 9.1 8.8 35% Automotive 7.4 8.6 60% Foodstuffs 4.7 3.9 15% Metals 5.9 4.9 16% Substitute Line Haul 3.2 6.8 189% Other 23.3 18.8 13% Transportation Revenue 100.0 100.0 39% Industries Served Date Published: 04/21/2021

Gross profit equals revenue less the cost of purchased transportation and commissions to agents. Gross profit margin equals gross profit divided by revenue. Revenue on transactions with a fixed gross profit margin was 52% and 48% of revenue in the 2020 and 2021 first quarters, respectively. Gross Profit (1) and Gross Profit Margin (2) ($’s in thousands) Date Published: 04/21/2021 Quarter 15.4% 14.7% Quarter 1st Qtr (3) Changes in gross profit margin % 2020 Period 15.4 Revenue - fixed gp margin 0.4 Revenue - variable gp margin -0.5 Change in mix and other -0.6 2021 Period 14.7

Operating margin equals operating income divided by gross profit. Operating Income and Operating Margin (1) ($’s in thousands) Date Published: 04/21/2021 Quarter 37.8% 54.6% 10 Quarter

Date Published: 04/21/2021 Truck Capacity Data (All information is provided as of the end of the period) KEY INCOME STATEMENT DATA ($ in Millions) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP Mar 28, Dec 26, Mar 27, External Revenue $10,242 #REF! #REF! 2020 (2) 2020 2021 (2) Purchased Transportation #REF! #REF! #REF! #REF! #REF! #REF! BCO Independent Contractors 9,444 10,242 10,498 Truck Brokerage Carriers: Interest and Debt Expense #REF! #REF! #REF! Approved and Active (1) 38,879 46,053 49,538 Income Before Income Taxes #REF! #REF! #REF! Other Approved 16,657 22,972 23,246 55,536 69,025 72,784 Income Taxes #REF! #REF! #REF! Total Available Truck Capacity Providers 64,980 79,267 83,282 Trucks Provided by BCO Independent Contractors 10,112 10,991 11,268 (1) Active refers to truck brokerage carriers who hauled freight for Landstar in the 180 day period immediately preceding the period end. (2) Fuel surcharges billed to customers on freight hauled by BCO Independent Contractors, which are paid 100% to the BCO and excluded from revenue and the cost of purchased transportation, were $48.8 million and $52.4 million in the 2021 and 2020 first quarters, respectively.

(1) Net cash is defined as cash and cash equivalents plus short term investments less outstanding debt. Date Published: 04/21/2021 Key Balance Sheet and Cash Flow Statistics ($’s in thousands) % of 2013 % of 2013 % of 2012 Rev/GP Plan Rev/GP Proj Rev/GP QTR QTR Mar 28, Mar 27, External Revenue $0.21 #REF! #REF! 2020 2021 Purchased Transportation #REF! #REF! #REF! #REF! #REF! #REF! Balance sheet (period end amounts): Debt to Capital 0.14000000000000001 0.107 Net Cash (1) $,108,930 $,169,800 Cash flow: Cash flow from operations $99,216 $69,891 Capital expenditures $5,799 $4,076 Income Before Income Taxes #REF! #REF! #REF! Share repurchases $,115,962 $0 Dividends paid $86,283 $84,837 Returns: TTM Return on Equity 0.28999999999999998 0.33 TTM Return on Invested Capital 0.25 0.28999999999999998 TTM Return on Assets 0.15 0.16

Free Cash Flow (1) , Stock Purchases and Dividends Date Published: 04/21/2021 (In Thousands) (1) Free cash flow is defined as cash flow from operations less capital expenditures, each set forth on the prior slide.

Date Published: 04/21/2021

XML

Document and Entity Information	Apr. 21, 2021
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. 21, 2021
Entity Incorporation State Country Code	DE
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	FL
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