Landstar System
Landstar System, Inc. (Nasdaq: LSTR) is a non-asset based transportation and logistics services company headquartered in Jacksonville, Florida. The company, through its subsidiaries, provides transportation capacity and related transportation services to shippers in the United States, Canada, between the United States and Canada, Mexico and internationally. Forbes magazine named Landstar America's Best Managed Company in the Transportation category in December, 2006. The year 2007 was also the eighth consecutive year that Landstar has been listed among Forbes Platinum 400 List of the Best Big Companies in America. [1]
The company, established in 1988, operates in three groups: Carrier, Global Logistics, and Insurance.
The Carrier group provides transportation services to the truckload markets for general commodities utilizing dry and specialty vans, unsided trailers, flatbed, drop deck, and specialty vehicles. This group also provides short-to-long haul movement of containers by truck; dedicated power-only truck capacity; and truck brokerage.
The Global Logistics group provides transportation and logistics services that include the arrangement of multimodal, such as ground, air, ocean, and rail moves; contract logistics; truck brokerage; emergency and expedited ground, air, and ocean freight; bus brokerage; and warehousing.
The Insurance group provides risk and claims management services to Landstar's operating subsidiaries. They reinsure risk of the company's business capacity owner independent contractors, and provide property and casualty insurance to Landstar's operating subsidiaries.
The company provides truckload transportation utilizing dry vans of various sizes, flatbeds, drop decks and light specialty trailers, and temperature-controlled vans and containers; land and air delivery of time-critical freight; and the movement of containers via ocean. It serves various industries, including iron and steel, automotive products, paper, lumber and building products, aluminum, chemicals, foodstuffs, heavy machinery, retail, electronics, ammunition and explosives, and military hardware, as well as logistics and less-than-truckload service providers.