Landstar said the number of loads hauled by truck rose 8 percent in the quarter. Price increases also helped results but have moderated, it added.
Demand exceeded the supply of flatbed/unsided trailing equipment in the quarter, while the capacity of vans was in line with demand, Chief Executive Henry Gerkens said in a statement.
Net income for the Jacksonville, Florida-based company rose to $35.9 million, or 76 cents a share, in the second quarter, from $29.6 million, or 62 cents a share, a year ago.
Analysts on average expected 74 cents a share, according to Thomson Reuters I/B/E/S.
Revenue rose to a second-quarter record of $736 million from $675.6 million a year ago, but was below the average forecast of $752.4 million.
The company said it expects third-quarter earnings of 71 cents to 75 cents a share. (Reuters)
