Landstar System Inc., the giant freight broker and third-party logistics provider with significant exposure to Ukraine, has suspended its operations there in the wake of Russia’s invasion, according to a highly-placed source.
Jacksonville, Florida-based Landstar’s (NASDAQ: LSTR) Ukrainian agency is “offline” as of Saturday, the source told FreightWaves.
The agency generates as much as $1.1 billion in annual revenue from its Ukrainian operations, according to the source. That would represent about...
https://www.freightwaves.com/news/landstar-closes-major-ukraine-operation-in-wake-of-invasion-source