Landstar System

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Landstar System Inc.
Type Public
Traded as NASDAQLSTR
Dow Jones Transportation
Industry Transportation
Founded Stamford, Connecticut (1988)
Headquarters Jacksonville, Florida, U.S.
Area served Worldwide
Key people Henry H. Gerkens
(Chairman, President & CEO)
Products delivery, freight, third-party logistics
Revenue Increase US$ 2.77 billion (2012)[1]
Net income Increase US$ 129.78 million (2012)[1]
Total assets Increase US$ 885.03 million (2012)[1]
Total equity Increase US$ 407.80 million (2012)[1]
Website www.Landstar.com

Landstar Supply Chain Solutions. (NASDAQLSTR) is a transportation services company specializing in logistics and more specifically third-party logistics.

History[edit]

The company headquarters are in Jacksonville, Florida. Landstar has been in business since 1988. Landstar currently offers scholarships and has a nonprofit "benevolence fund" to assist Landstar operators.

In January 2014, Landstar sold its National Logistics Management (NLM) subsidiary to XPO Logistics for $87m.[2] Using proprietary web-based software to provide management services for customers, and carriers NLM became the largest web-based expediter in North America. [3]

Business Model[edit]

Landstar includes nearly 9,000 owner operators in the United States, Canada and Mexico. The BCO's (Business Capacity Operators) are not forced dispatch like traditional trucking companies. Rather, they can choose their own loads. Landstar Agents find freight loads direct from shippers.[4]

References[edit]

  1. ^ a b c d "LSTR, Key Statistics, Filing Date Mar 30, 2013". finance.yahoo.com. Retrieved June 23, 2013. 
  2. ^ "XPO Logistics Completes Acquisition of NLM". marketwatch.com. Dec 30, 2013. 
  3. ^ "XPO Logistics Agrees to Acquire NLM". Wall Street Journal. December 11, 2013. 
  4. ^ Landstar System: Success Without Employees - Forbes.com.

External links[edit]