Landstar System Inc. announced that its board of directors has declared a quarterly dividend of $0.06 per share payable on March 14, 2014 to stockholders of record at the close of business on February 18, 2014.

The company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 28, 2013. For the year, the company reported revenue of $2,664,780,000 against $2,770,799,000 a year ago. Operating income was $176,590,000 against $200,739,000 a year ago. Income from continuing operations before income taxes was $173,379,000 against $197,629,000 a year ago. Income from continuing operations was $108,922,000 or $2.36 per diluted share against $126,566,000 or $2.70 per diluted share a year ago. Net income of $146,009,000 or $3.16 per diluted share compared to net income of $129,781,000 or $2.77 per diluted share a year ago period.

For the quarter, the company reported revenue of $691,975,000 against $685,093,000 a year ago. Operating income was $39,741,000 against $47,800,000 a year ago. Income from continuing operations before income taxes was $38,897,000 against $47,002,000 a year ago. Income from continuing operations was $25,176,000 or $0.55 per diluted and basic share against $32,856,000 or $0.70 per diluted and basic share a year ago. Net income of $59,557,000 or $1.30 per diluted and basic share compared to net income of $33,978,000 or $0.73 per diluted and basic share a year ago period. With respect to volumes, truck transportation revenue in the 2013 fourth quarter exceeded the 2012 fourth quarter primarily due to a 2% increase in the number of loads hauled via truck.

For the 2014 first quarter, the company expects revenue from continuing operations to be in a range of $640 million to $690 million and diluted earnings per share from continuing operations to be in a range of $0.56 to $0.61. In comparing diluted earnings per share guidance for the 2014 first quarter to the 2013 first quarter, the 2014 first quarter will be negatively impacted when compared to the 2013 first quarter by approximately $0.03 per diluted share related to the company's annual agent convention scheduled to be held in the company's 2014 first fiscal quarter versus being held in the 2013 second quarter.

The company expects to grow annual gross profit in the mid-single digits, pass in excess of 70% of annual incremental gross profit to operating income and increase diluted earnings per share in a mid-teen range. The longer term goal continues to be to achieve a 50% operating margin.