Landstar System Inc. profits improved 4.5% in the fourth quarter compared with 2015, besting estimates from industry analysts for one of the few bright spots among trucking companies during earnings season.
The Jackonsville, Florida, company generated $39.6 million in earnings, or 94 cents per share. In the year prior, profits were $37.9 million, or 88 cents. For the full year, net income dropped 7% to $137.4 million, or $3.25.
