Landstar System hauls in a record first quarter

April 17, 2003
Jacksonville FL-based Landstar System Inc reported record net income of $10.2 million, or 62 cents per diluted share, for first-quarter 2003, compared
Jacksonville FL-based Landstar System Inc reported record net income of $10.2 million, or 62 cents per diluted share, for first-quarter 2003, compared with net income of $8.5 million, or 51 cents per diluted share, in the 2002 first quarter.

Revenue was a record $366 million for the 13-week period ended March 29, 2003, versus revenue of $336 million in the comparable 2002 period. The operating margin was 4.7% in the 2003 first quarter compared with 4.5% in the 2002 first quarter.

Landstar’s carrier group of companies generated $290 million of revenue in the 2003 first quarter compared with revenue of $270 million in the 2002 first quarter.

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!

Sponsored Recommendations

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...

Fleet Industry Benchmarks: How does your fleet stack up?

Discover how your fleet compares to industry benchmarks and gain insights from a 2024 Benchmarking Report on maintenance spend, turnaround time, and more. Join us to identify ...

Build a Tolling Program to Manage Toll Fees and Risks

Fleets looking to effectively manage their operational costs should consider their tolling costs. Download the PrePass whitepaper, “Build a Tolling Program to Manage Toll Fees...

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...