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                                                                  EXHIBIT 11.2

                         LANDSTAR SYSTEM, INC. AND SUBSIDIARY
                       CALCULATION OF DILUTED EARNINGS PER SHARE
                       (In thousands, except per share amounts)
                                       (Unaudited)




                                                  Fiscal Years Ended
                                       December 25,  December 26,  December 27,
                                          1999           1998          1997
                                       ------------  ------------  ------------

                                                          
Income from continuing operations     $     45,937   $     34,481  $     25,428
Discontinued operations, net
  of income taxes                                         (22,589)         (738)
                                      ------------   ------------  ------------

Net income                            $     45,937   $     11,892  $     24,690
                                      ============   ============  ============






Average number of common shares
    outstanding                              9,982         11,022        12,541

  Plus: Incremental shares from
    assumed exercise of stock
    options                                    120            101            39
                                      ------------   ------------  ------------
Average number of common shares
    and incremental shares
    outstanding                             10,102         11,123        12,580
                                      ============   ============  ============

Diluted earnings per share:
  Income from continuing operations   $       4.55   $       3.10  $       2.02
  Loss from discontinued operations                         (2.03)        (0.06)
                                      ------------   ------------  ------------

Diluted earnings per share            $       4.55   $       1.07  $       1.96
                                      ============   ============  ============