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10/25/2012 12:00:00 PM Write a Letter to the Editor Write a letter to the Editor

Landstar’s 3Q Earnings Increase


Larry Smith/Trans Pixs

Truckload carrier Landstar System said its earnings per share rose to a third-quarter record.

Net income rose to $33.1 million, or 71 cents per share, from $30.2 million, or 64 cents, a year ago.

Revenue rose to $717 million from $684 million a year ago, the company said Thursday.

Truck transportation revenue hauled by owner-operators and truck brokerage carriers rose to $663.5 million, from $625.8 million a year ago.

Chairman and CEO Henry Gerkens said fourth-quarter earnings would be between 63 cents and 68 cents per share

Landstar System is ranked No. 9 on the Transport Topics 100 listing of largest U.S. and Canadian for-hire carriers.

By Transport Topics

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