Landstar Reports Record Profit, Revenue; Forecasts Higher Numbers
Freight transportation provider Landstar System has reported record third quarter net income of $36.8 million, or 82 cents per diluted share, on record revenue of $819 million.

Photo: Evan Lockridge

Freight transportation provider Landstar System has reported record high third quarter net income of $36.8 million, or 82 cents per diluted share, on revenue of $819 million.
Revenue and diluted earnings per share during the period were also the highest in company history.
This compares to net income from continuing operations of $28.5 million, or 62 cents per diluted share, on revenue of $676 million in the 2013 third quarter.
Truck transportation revenue hauled by owner-operator drivers and truck brokerage carriers in the 2014 third quarter was $767.5 million, or 94% of revenue, compared to $627.5 million, or 93% of revenue, in the 2013 third quarter. Revenue hauled by rail, air and ocean cargo carriers was $41.7 million, or 5% of revenue, compared to $38.8 million, or 6% of revenue, a year earlier.
“Overall, demand for Landstar's truck transportation services in the 2014 third quarter continued to be very strong, as the number of loads hauled via truck increased 11% over the 2013 third quarter. Revenue per load hauled via truck also remained very strong and increased 10% over the 2013 third quarter,” said Landstar Chairman and CEO Henry Gerkens. “In fact, Landstar's average revenue per load hauled via truck in the 2014 third quarter was the highest quarterly average revenue per load in the company's history."
Landstar said it experienced very strong revenue growth over the 2013 third quarter with both loads hauled with van equipment and loads moved on flatbed equipment. On a year over-year quarterly basis, revenue hauled with vans increased 24% and revenue hauled on flatbeds increased 20%.
"The strength in both the number of loads hauled via truck and truck revenue per load experienced in the 2014 third quarter has so far continued through the first several weeks of October,” Gerkins said. “Currently, I would also anticipate that the strength in both load volume and revenue per load from truck transportation services should continue throughout the remainder of the 2014 fourth quarter.”
Landstar also forecast estimated consolidated revenue for the 2014 fourth quarter will range from $800 million to $840 million, with diluted earnings per share from continuing operations to be in a range of 77 cents to 82 cents per share, compared to 55 cents per diluted share from continuing operations in the 2013 fourth quarter.
“For the year, I expect consolidated revenue to exceed $3 billion for the first time in the company's history,” Gerkinsa said. “In addition, I anticipate that gross profit, operating income and diluted earnings per share in 2014 will also achieve full year company records."
More detals are on the Landstar website.
More Fleet Management

Truckload Rates Keep Rising as Tight Capacity Fuels Freight Market Recovery
Spot and contract rates continued climbing in May and June, not because freight demand is surging, but because fewer trucks and drivers are available.
Read More →
What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →
Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →

