Landstar Q2 Revenues Up 31% To $641.7m
Landstar System has reported total revenues of $641.7m for the second quarter of 2010, an increase of 31% compared to $491.2m for the same quarter in 2009.
The company posted operating income of $40m for the second quarter of 2010 which is an increase of 34% compared to $29.8m for the same period last year.
The company's income before income taxes were $39.1m for the quarter, compared to $28.8m for the same quarter in 2009.
For the quarter ended June 26, 2010, the company has posted net income of $24.4m, or $0.49 per diluted share, compared to $17.9m, or $0.35 per diluted share for the same period last year.
Henry Gerkens, chairman, president and CEO of Landstar, said: “2010 second quarter revenue, operating income and diluted earnings per share all increased sharply over the corresponding 2009 second quarter amounts.
The total number of truck transportation loads hauled by business capacity owners and truck brokerage carriers in the 2010 second quarter was the highest reported number in any quarter of any year in Landstar's history.
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