Landstar System Reports Record 2Q Earnings

ruckload carrier Landstar System Inc. said Thursday that it earned a record $23.5 million or 39 cents a share in the second quarter, compared with $17.6 million or 29 cents a year earlier.

The company said its revenue rose about 12% to $539 million, also a record.

The firm said its carrier group of companies generated $412 million in revenue for the quarter, up from $364 million in the second quarter of last year.

Chief Executive Officer Henry Gerkins said he expected Landstar’s earnings for the third quarter to be in the range of analysts’ estimates of 36 to 41 cents a share.

andstar is ranked No. 15 on the Transport Topics 100 list of the largest U.S. and Canadian trucking companies.