Landstar Delays First-Quarter Reports
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supply chain fraudFreightWaves
•Business
Business & Economics
Landstar quantifies suspected fraud event, delays Q1 report

88% Informative
Landstar System delayed reporting first-quarter results as it further investigates suspected supply chain fraud.
The Jacksonville , Florida -based company cut its earnings-per-share guidance for the quarter to a range of 90 to 95 cents .
It said the event is not expected to exceed $15 million of net income before accounting for professional fees.
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