Drivers

Landstar Cites Increased 4th Quarter Revenue, Earnings

January 31, 2008

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Landstar System Inc. reported consolidated revenue for the fourth quarter of 2007 of $643 million compared to $611 million for the 2006 fourth quarter.
Net income for the 13-week period ended
Dec. 29, 2007, was $29 million, or $0.54 per diluted share, compared to net income of $28.7 million, or $0.50 per diluted share, for the same period in 2006.
Landstar's carrier group of companies generated $454 million and $440 million of revenue in the 2007 and 2006 13-week periods, respectively. In the 2007 and 2006 13-week periods, the carrier group invoiced customers $52.1 million and $38.4 million, respectively, in fuel surcharges that were passed on 100 percent to business capacity owners and excluded from revenue.
Net income for the fiscal year ended Dec. 29, 2007, was $109.7 million, or $1.99 per diluted share, compared to net income of $113.1 million, or $1.93 per diluted share, in the fiscal year ended 2006.

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