Landstar

Landstar System Inc. reported record second-quarter earnings per share of $1.53 on second-quarter net income of $61.1 million, which compares with $1.51 per share on net income of $62.5 million during the same period a year ago.

Landstar System reported record revenue and profits in the fourth quarter of 2018 and set new “high-water marks” for the number of loads and drivers in 2018, company officials said.

Landstar System’s stock is traveling at “ludicrous” speed after a series of bullish analyst calls, including one with references from the movie “Spaceballs.”

Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market.