Landstar System

Landstar System, Inc.
Public
Traded as
Industry Transportation
Founded 1968 (1968)
Headquarters Jacksonville, Florida, United States
Area served
 Worldwide
Key people
  • Diana M. Murphy
  • (Chairman of the Board)
  • James B. Gattoni
  • (President & CEO)
  • L. Kevin Stout
  • (Vice President & CFO)
Products
Revenue Increase US$ 3.65 billion (2017)
Increase US$ 243.97 million (2017)
Increase US$ 177.00 million (2017)
Total assets Increase US$ 1.35 billion (2017)
Total equity Increase US$ 653.88 million (2017)
Number of employees
 Increase 1,273 (2017)
Website Landstar.com
Footnotes / references
[1]

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.[2] Landstar has been in business since 1968[3] and was incorporated in 1991.[1]

In January 2014, Landstar sold its National Logistics Management (NLM) subsidiary to XPO Logistics for $87m.[4] Using proprietary web-based software to provide management services for customers, and carriers NLM became the largest web-based expediter in North America.[5] In January 2017, Landstar opened its Landstar U.S./Mexico Logistics Service Center in Laredo, Texas.[6]

Business model

Landstar includes over 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.[7]

Landstar currently offers scholarships and has a nonprofit "benevolence fund" to assist Landstar operators.

References

  1. 1 2 "US SEC: Form 10-K Landstar System, Inc". U.S. Securities and Exchange Commission. Retrieved August 1, 2018.
  2. ↑ "Landstar System Corporate Office - Corporate Offices & Headquarters". Corporate Offices & Headquarters. 2015-03-11. Retrieved 2017-02-27.
  3. ↑ "Company Overview of Landstar System, Inc". Bloomberg. Retrieved July 29, 2018.
  4. ↑ "XPO Logistics Completes Acquisition of NLM". marketwatch.com. Dec 30, 2013.
  5. ↑ "XPO Logistics Agrees to Acquire NLM". Wall Street Journal. December 11, 2013.
  6. ↑ "Landstar opens up new U.S.-Mexico cross-border facility". www.logisticsmgmt.com. Retrieved 2018-07-11.
  7. ↑ Landstar System: Success Without Employees - Forbes.com.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.