05:07 PM EDT, 07/30/2024 (MT Newswires) -- Landstar System ( LSTR ) late Tuesday reported Q2 net income of $1.48 per diluted share compared with $1.85 a year earlier.

Analysts polled by Capital IQ expected $1.46.

Revenue for the quarter ended June 30 was $1.23 billion, compared with $1.37 million a year earlier.

Analysts expected $1.25 million.

The transportation management company increased its quarterly dividend by 9% over its prior distribution to $0.36 per share, payable Sept. 10 to shareholders of record on Aug. 20.