Operator: Good afternoon, and welcome to Landstar Inc.’s Third Quarter Earnings Release Conference Call.

[Operator Instructions] Today’s call is being recorded. If you have any objections, you may disconnect at this time.

Joining us today from Landstar are Frank Lonegro, President and CEO; Jim Applegate, Vice President and Chief Corporate Sales, Strategy and Specialized Freight Officer; Jim Todd, Vice President and CFO; Matt Dannegger, Vice President and Chief Field Sales Officer; and Matt Miller, Vice President and Chief Safety and Operations Officer.

Now, I’d like to turn the call over to Mr. Jim Todd. Sir, you may begin.

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**James Todd**
*Vice President, Principal Accounting Officer & CFO*

Thank you, Elmer. Good afternoon, and welcome to Landstar’s 2025 Third Quarter Earnings Conference Call.

Before we begin, let me read the following statement.

The following is a safe harbor statement pursuant to the Private Securities Litigation Reform Act of 1995. Statements made during this conference call that are not based on historical facts are forward-looking statements.

During this conference call, we may make statements that contain forward-looking information related to Landstar’s business objectives, plans, strategies, and expectations. Such information is, by nature, subject to uncertainties and risks, including, but not limited to, the…
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