Landstar System Q2 2023 Earnings Report: $1.374B Revenue

Landstar System, Inc. reported second quarter 2023 diluted earnings per share of $1.85 on revenue of $1.374 billion, reflecting challenging freight market conditions and decreased load volumes compared to 2022. The transportation management company operates an asset-light model utilizing independent business capacity owners and third-party carriers across truck, rail, air, and ocean cargo services.