Landstar System
 | This article relies largely or entirely on a single source. (January 2010) |
| File:Landstar System Logo.gif | |
| Company type | Public |
|---|---|
| Nasdaq: LSTR DJTA Component S&P 400 Component | |
| Industry | Transportation |
| Founded | Stamford, Connecticut (1988) |
| Headquarters | Jacksonville, Florida, U.S. |
Area served | Worldwide |
Key people | Jim Gattoni (President & CEO) L. Kevin Stout (CFO) Henry H. Gerkens (Chairman) |
| Products | delivery, freight, third-party logistics |
| Revenue |  US$ 3.18 billion (2014)[1] |
| US$ 224.37 million (2014)[1] | |
 US$ 138.81 million (2014)[1] | |
| Total assets | US$ 1.04 billion (2014)[1] |
| Total equity | US$ 488.26 million (2014)[1] |
Number of employees | 1,211 (December 27, 2014)[1] |
| Website | www.Landstar.com |
Landstar System, Inc. (Nasdaq: LSTR) is a transportation services company specializing in logistics and more specifically third-party logistics. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico and other countries around the world.
History
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
Landstar includes nearly 10,000 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
- ^ a b c d e f "Landstar System, Inc. Financials". StockPup.com.
- ^ "XPO Logistics Completes Acquisition of NLM". marketwatch.com. Dec 30, 2013.
- ^ "XPO Logistics Agrees to Acquire NLM". Wall Street Journal. December 11, 2013.
- ^ Landstar System: Success Without Employees - Forbes.com.
External links
- Official website
- Business data for Landstar System:
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