Record Heavy-Haul Revenue
Heavy-haul service generated approximately $498 million during the 2024 fiscal year, with a 9% increase in revenue per load and a 3% increase in volume.
Strong Balance Sheet
Landstar ended the quarter with $567 million in cash and short-term investments. Cash flow from operations for the fiscal year was $287 million, with capital expenditures of $31 million.
Positive Performance in Non-Truck Transportation
Non-truck transportation service revenue increased by 20% year-over-year in the fourth quarter, driven by a 23% increase in ocean revenue per shipment and a 15% increase in ocean volumes.
Improvement in Safety Performance
Accident frequency rate improved to 0.59 DOT reportable accidents per million miles, approximately 2% better than the 2023 fiscal year.