Landstar’s 3Q Earnings Increase
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.
