Jacksonville, FL-based Landstar System has posted record earnings and revenues for the first quarter this year
Jacksonville, FL-based Landstar System has posted record earnings and revenues for the first quarter this year.
Profits rose a staggering 52% to $24.4 million on 21% higher revenues of $610 million. The carrier’s operating margin rising to 6.8% from 5.7% in the same quarter in 2005.
“Our first quarter performance [in 2006] was the best first quarter operating performance in our history,” said Landstar president & CEO Henry Gerkens. “These increases reflected strong revenue growth in our carrier segment of 15% and a 40% increase in revenue at our Landstar Global Logistics subsidiary. Also, truck brokerage revenue increased 34% and rail intermodal revenue increased 44%.”
He added that demand so far for trucking services remains strong. “Based upon the continuation of the current operating environment, I would anticipate revenue growth for the second quarter to be within a range of 16% to 20% compared to same period in 2005,” Gerkens noted.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...
