Landstar's 2Q revenue attains record level

Jacksonville FL-based Landstar System Inc reported a 24% increase in revenue to a record $482 million in the 2004 second quarter, up from $390 million in the 2003 second quarter. Net income for the 2004 second quarter was a record $17.6 million, compared with net income of $13.6 million for the 2003 second quarter.

Landstar’s carrier group of companies generated $364 million of revenue in the 2004 second quarter, versus revenue of $303 million in the 2003 second quarter.

Net income for the 26-week period ended June 26, 2004, was $25.7 million, compared with $23.7 million for the same period a year earlier. Revenue was $903 million in the 2004 first half, in contrast to revenue of $756 million in the 2003 first half.

The carrier group of companies generated $685 million of revenue in the 26-week period ended June 26, 2004, versus $593 million in the comparable period in 2003.

TAGS: Carriers
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