Landstar System earnings down for second straight year

The company that contracts with independent truckers sees its driver count drop by nearly 1,000.

  • By Mark Basch
  • | 12:05 a.m. February 6, 2025
  • | 0 Free Articles Remaining!
“The freight environment in the 2024 fourth quarter continued to be characterized by relatively soft demand and readily available truck capacity,” Landstar CEO Frank Lonegro said.
“The freight environment in the 2024 fourth quarter continued to be characterized by relatively soft demand and readily available truck capacity,” Landstar CEO Frank Lonegro said.
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Landstar System Inc.’s earnings and revenue fell for the second straight year in 2024, as weak demand for freight services continues to affect the Jacksonville-based trucking company.

Landstar reported revenue of $4.8 billion in 2024, down from $5.3 billion in 2023 and $7.4 billion in 2022.

Earnings fell from $11.76 a share in 2022 to $7.36 in 2023 and $5.51 last year.

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