Heavy-Haul Revenue Growth
Landstar's heavy-haul service generated approximately $113 million in revenue during the 2025 first quarter, a 6% increase over the 2024 first quarter, driven by a 3% increase in revenue per load and a 3% increase in volume.
Truck Load Exceeded Guidance
The number of loads hauled via truck exceeded the high end of Landstar's guidance, marking the first time in at least 15 years where the first quarter loads exceeded the fourth quarter.
Increase in Dividend
Landstar announced an 11% increase in its regular quarterly dividend compared to the previous three quarters.
Strong Cash Position
The company ended the quarter with $473 million in cash and short-term investments and returned significant capital to shareholders with $83 million in dividends and approximately $61 million in share repurchases.
Safety Performance
Landstar reported an accident frequency rate of 0.69 DOT reportable accidents per million miles during the 2025 first quarter, well below the last available national average.