Landstar System provides update on strategic review, impairments, and Texas litigation verdict

LANDSTAR SYSTEM INC

Strategic review leads to plan to sell Mexican subsidiary Landstar Metro; expects Q3 non-cash impairment of $13M-$17M ($0.28-$0.37/share).
Company to wind-down Blue TMS, record $9.0M non-cash impairment ($0.20/share) in Q3 2025.
Write-down minority investment in Cavnue by up to $5.0M ($0.11/share) in Q3 2025.
Jury verdict in Texas accident case finds Landstar Ranger acted as broker, 15% liability = $3.42M of $22.8M total; company says immaterial accrual unchanged.

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