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Landstar System , Inc. 13410 Sutton Park Drive , South Jacksonville , FL 32224 904 398 9400 For Immediate Release April 21 , 2021 Exhibit 99.1 LANDSTAR R Contact : Jim Gattoni Landstar System , Inc. www.landstar.com 904-398-9400 LANDSTAR SYSTEM REPORTS ALL - TIME QUARTERLY RECORD DILUTED EARNINGS PER SHARE OF $ 2.01 IN THE 2021 FIRST QUARTER Jacksonville , FL - Landstar System , Inc. ( NASDAQ : LSTR ) reported all - time quarterly record net income of $ 77.2 million , or $ 2.01 per diluted share , in the 2021 first quarter , on record first quarter revenue of $ 1.288 billion . In the 2020 first quarter , net income was $ 40.9 million , or $ 1.04 per diluted share , on $ 927.6 million of revenue . 2021 first quarter revenue , net income and diluted earnings per share increased 39 percent , 89 percent and 93 percent , respectively , over the 2020 first quarter . Gross profit ( defined as revenue less the cost of purchased transportation and commissions to agents ) was an all - time quarterly record $ 189.2 million in the 2021 first quarter , 32 percent above 2020 first quarter gross profit of $ 142.9 million . Note that the adverse impact of the COVID - 19 pandemic on the U.S. economy in early 2020 did not have a significant impact on Landstar's first quarter 2020 results , but did have a significant impact on the Company's 2020 second quarter results . Truck transportation revenue hauled by independent business capacity owners ( " BCOS ” ) and truck brokerage carriers in the 2021 first quarter was $ 1,193.5 million , or 93 percent of revenue , compared to $ 854.6 million , or 92 percent of revenue , in the 2020 first quarter . Truckload transportation revenue hauled via van equipment in the 2021 first quarter was $ 827.2 million compared to $ 545.3 million in the 2020 first quarter . Truckload transportation revenue hauled via unsided / platform equipment in the 2021 first quarter was $ 340.6 million compared to $ 286.3 million in the 2020 first quarter . Revenue hauled by rail , air and ocean cargo carriers was $ 79.3 million , or 6 percent of revenue , in the 2021 first quarter compared to $ 54.7 million , or 6 percent of revenue , in the 2020 first quarter .