Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/23/2014 8:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Landstar’s Second Quarter Income Rises

Landstar System Inc.

Landstar System reported its second-quarter net income rose to $35.9 million, or 80 cents per share, from $30.4 million, or 66 cents, a year ago.


Revenue rose to a second-quarter record $814 million, from $674 million, the truckload carrier said in a statement.


Loads hauled by truck increased 9% over the same time last year, and revenue per load rose 13%, the company said.


“At this point, I believe the current operating environment will remain very much intact throughout the balance of 2014.  The increase in underlying demand as well as industry-wide truck productivity issues should continue to contribute to the very healthy pricing environment for spot market transactions. Although the 2014 third quarter is only several weeks old, the strong trends have continued,” Chairman and CEO Henry Gerkens said in a statement.


The company said it anticipates third-quarter revenue, operating income and earnings per share to be very similar to second-quarter results.


Landstar System is ranked No. 10 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics, American Trucking Associations Inc.
Reproduction, redistribution, display or rebroadcast by any means without written permission is prohibited.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement