Landstar System, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 29, 2022 at 12:03 pm EDT
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Landstar System, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,949.47 million compared to USD 1,548.79 million a year ago. Net income was USD 112.56 million compared to USD 92.29 million a year ago. Diluted earnings per share from continuing operations was USD 3.05 compared to USD 2.4 a year ago.
For the six months, sales was USD 3,895.5 million compared to USD 2,821.58 million a year ago. Net income was USD 237.39 million compared to USD 169.53 million a year ago. Diluted earnings per share from continuing operations was USD 6.39 compared to USD 4.41 a year ago.
Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions delivering specialized transportation services to a range of customers utilizing a network of agents, third-party capacity providers and employees. The Company operates through two segments. Transportation logistics segment provides a range of integrated transportation management solutions. Transportation services offered by the Company include truckload, less-than-truckload and other truck transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, United States-Canada and United States-Mexico cross-border, intra-Mexico, intra-Canada, project cargo and customs brokerage. Insurance segment consists of Signature Insurance Company and Risk Management Claim Services, Inc. The insurance segment provides risk and claims management services to certain of Landstars Operating Subsidiaries.
LANDSTAR SYSTEM, INC. 
