Transportation and logistics company Landstar System Inc posted quarterly results that beat market expectations, helped by higher volume and margins, and forecast strong first-quarter profit.

The company, which provides third-party logistics services by matching shipments with available truck drivers, ships or planes, expects first-quarter earnings between 51 cents and 56 cents a share.

Analysts polled by Thomson Reuters I/B/E/S were expecting Landstar to earn 50 cents a share.

Oct-Dec net income rose to $32.6 million, or 70 cents a share, from $24.1 million, or 50 cents a share, a year ago. Revenue rose 22 percent to $717.5 million.

Analysts expected earnings of 66 cents a share on revenue of $685.4 million.

U.S. trucker Old Dominion Freight Line also posted better-than-expected quarterly results on higher volume and margins. (Reuters)