Landstar System(US:LSTR)2025-07-29 20:30Financial Performance - Revenue decreased slightly by 1.1%, from $1,225.0 million in 2Q 2024 to $1,211.4 million in 2Q 2025 [17] - Operating income decreased by 17.3%, from $68.1 million in 2Q 2024 to $56.3 million in 2Q 2025 [17] - Earnings per share decreased by 18.9%, from $1.48 in 2Q 2024 to $1.20 in 2Q 2025 [17] - Variable contribution margin decreased from 14.3% in 2Q 2024 to 14.1% in 2Q 2025 [37, 38] Truckload Operations - Truck revenue was $1.12 billion [22] - Truck loadings totaled 501,000 [22] - Truck revenue per load was $2,234 [22] Capacity Providers - Total available truck capacity providers were 77,358 as of June 28, 2025 [24] - BCO independent contractors numbered 7,844 as of June 28, 2025 [24] - The number of trucks provided by BCO independent contractors was 8,611 as of June 28, 2025 [24] Cash Flow and Returns - Net cash was $340.7 million as of June 28, 2025 [43] - Free cash flow was $58.4 million year-to-date [43] - Share repurchases totaled $102.3 million year-to-date [43]