• Landstar raises the bar in first quarter

    Landstar System Inc, based in Jacksonville FL, reported revenue rose 15% to a record $421 million in the 2004 first quarter from $366 million in the 2003 first quarter.

    Landstar System Inc, based in Jacksonville FL, reported revenue rose 15% to a record $421 million in the 2004 first quarter from $366 million in the 2003 first quarter. First-quarter 2004 net income was $8.1 million, compared with net income of $10.2 million for the 2003 first quarter.

    The carrier group of companies generated $322 million of revenue in the 2004 first quarter, versus revenue of $290 million in the 2003 first quarter. Landstar's multimodal services group of companies generated $92 million of revenue in the 2004 first quarter in contrast with $69 million of revenue in the 2003 first quarter.

    "We are off to a great start," said Jeff Crowe, Landstar chairman and chief executive officer. "Consolidated revenue increased by 15% to the highest first quarter revenue in Landstar history. This increase reflected strong growth at the carrier segment and a 34% increase in revenue at the multimodal segment."

    About the Author

    from staff and wire reports

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Refrigerated Transporter

    Americold
    americold_nb_port_groundbreaking
    Innovative new cold storage facility with martime and rail capabilities in New Brunswick, Canada, will be the operator’s sixth Canadian location when it opens in 2026.
    Penske
    penske_logistics___2025_state_of_logistics_report_
    The Council of Supply Chain Management Professionals’ latest report indicates trucking businesses continue to face economic uncertainty.
    Orbcomm
    orbcommcrewviewbayviewinterface
    New onboard solution enables end-to-end visibility for smart refrigerated and dry van containers in real time while in transit.