Landstar System

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. Using proprietary web-based software to provide management services for customers, and carriers NLM became the largest web-based expediter in North America.

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.