Overdrive Extra

Max Heine

Major owner-operator carrier reports record income

| July 27, 2012

Landstar System, reported record net income for a second quarter, $35.9 million. That compared to $29.6 million for the 2011 second quarter. That’s good news for independent contractors, considering Landstar is the nation’s largest owner-operator carrier.

The increase in rates on a quarter-over-prior-year-quarter basis has moderated to some degree, but still remains high in relation to historical amounts, said Henry Gerkens, chairman, president and chief executive officer of the Jacksonville, Fla.-based company.

“Available truck capacity in the flatbed/unsided trailing equipment market continued to lag demand, and available truck capacity in the van arena was in line with demand,” he said.

Read the full earnings report.

OverdriveOnline.com strives to maintain an open forum for reader opinions. Click here to read our comment policy.