JACKSONVILLE (AFX) - Trucking company Landstar System Inc. said Thursday it will buy back up to 2 million shares.
The repurchase program comes as the company completed its previous buyback program, purchasing about 1.3 million shares during July and August. The number of shares purchased in fiscal 2006 totals about 2.5 million shares.
Landstar has about 56.9 million shares outstanding.
In after-market electronic trading on the INET, Landstar shares climbed 22 cents to $44.88.
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