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Landstar System , Inc. 13410 Sutton Park Drive , South Jacksonville , FL 32224 904 398 9400 For Immediate Release July 21 , 2021 LANDSTAR Contacts : Jim Gattoni ( CEO ) Fred Pensotti ( CFO ) Landstar System , Inc. www.landstar.com 904-398-9400 LANDSTAR SYSTEM REPORTS ALL - TIME QUARTERLY RECORD DILUTED EARNINGS PER SHARE OF $ 2.40 IN THE 2021 SECOND QUARTER Jacksonville , FL - Landstar System , Inc. ( NASDAQ : LSTR ) reported all - time quarterly record net income of $ 92.3 million , or $ 2.40 per diluted share , in the 2021 second quarter , on record quarterly revenue of $ 1.571 billion . Landstar reported net income of $ 24.3 million , or $ 0.63 per diluted share , on $ 824 million of revenue in the 2020 second quarter . Gross profit ( defined as revenue less the cost of purchased transportation and commissions to agents ) also reached an all - time quarterly record of $ 220.8 million in the 2021 second quarter compared to $ 113.1 million in the 2020 second quarter . Given the significant adverse impact of the COVID - 19 pandemic on the U.S. economy and the Company's financial results during the 2020 second quarter , quarter - over - prior - year quarter comparisons are not meaningful . Comparing the 2021 second quarter to the 2021 first quarter , however , puts into context the strength of our 2021 second quarter financial performance . 2021 first quarter revenue was the second highest quarterly revenue in Landstar history and 2021 first quarter gross profit established a new all - time quarterly record . In the 2021 second quarter compared to the 2021 first quarter , revenue increased $ 283 million and gross profit increased approximately $ 32 million . These amounts of growth in revenue and gross profit from the 2021 first quarter to the 2021 second quarter were each all - time first to second quarter records . Truck transportation revenue hauled by independent business capacity owners ( " BCOs " ) and truck brokerage carriers in the 2021 second quarter was $ 1.444 billion , or 92 percent of revenue , compared to $ 753 million , or 91 percent of revenue , in the 2020 second quarter . Truckload transportation revenue hauled via van equipment in the 2021 second quarter was $ 970.9 million compared to $ 483.0 million in the 2020 second