Landstar System

Rank#2901

Market Cap6.02B

CountryUnited States

Summary

Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics, small package and less-than-truckload service providers. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment reinsures certain risks of the company's independent contractors. The company markets its services through independent commission sales agents and third party capacity providers. Landstar System, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

History

The company headquarters are in Jacksonville, Florida. Landstar has been in business since 1968 and was incorporated in 1991.In January 2014, Landstar sold its National Logistics Management subsidiary to XPO Logistics for $87m. Using proprietary web-based software to provide management services for customers and carriers, NLM became the largest web-based expediter in North America. In January 2017, Landstar opened its Landstar U.S./Mexico Logistics Service Center in Laredo, Texas.

Mission

To be the leading non-asset based provider of transportation capacity delivering safe, specialized transportation services to a broad range of customers throughout North America utilizing a network of agents, business capacity owners and employees.

Vision

To be the premier provider of global logistics and transportation services.

References

https://en.wikipedia.org/wiki/Landstar_System

https://in.investing.com/equities/landstar-system

https://finance.yahoo.com/quote/LSTR/profile?p=LSTR

https://www.comparably.com/companies/landstar-system/mission

https://www.crunchbase.com/organization/landstar-system-inc

https://sec.report/CIK/0000853816

https://companiesmarketcap.com/

https://www.landstar.com

Leadership team