Landstar System Inc. (LSTR)

Overview

Landstar System, Inc. is a multinational corporation that specializes in providing comprehensive transportation management solutions. Headquartered in Jacksonville, Florida, the company has extended its services across the United States, Canada, Mexico, and various international locations. Since its incorporation in 1991, Landstar has grown into a pivotal player within the transportation and logistics industry, operating through two primary segments: Transportation Logistics and Insurance. The company differentiates itself by offering an extensive array of transportation services and by leveraging a unique network of independent commission sales agents and third party capacity providers to market its solutions.

Products and Services

• Transportation Logistics:

  This segment encompasses a variety of transportation solutions aimed at catering to diverse needs. Services include truckload and less-than-truckload (LTL) transportation, rail intermodal operations, air cargo, ocean cargo, and expedited ground and air delivery for time-critical freight. The offerings expand to heavy-haul/specialized transportation, cross-border transportation between the U.S.-Canada and U.S.-Mexico, intra-Mexico and intra-Canada shipments, project cargo, and customs brokerage. Landstar also supports other transportation companies by providing third-party logistics (3PL) and less-than-truckload services. The diverse transportation modalities include the use of dry and specialty vans, unsided/platform trailers, temperature-controlled vans, and containers, alongside rail intermodal services facilitated through contracts with major domestic and Canadian railroads, including some short-line railroads, and employing asset-based intermodal equipment. This breadth of services caters to a wide range of industries including automotive, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment.

• Insurance:

  The insurance segment of Landstar System, Inc. delivers risk and claims management services, primarily focusing on reinsuring the risks of the company’s independent contractors. Through this sector, Landstar provides a safeguard for its comprehensive transportation and logistics services, ensuring a higher level of security and reliability for its clients and partners.