Landstar System

Last updated

Landstar System, Inc.
Company type Public
Industry Transportation
Founded1968;58 years ago (1968)
Headquarters Jacksonville, Florida, United States
Area served
Worldwide
Key people
Services
RevenueIncrease2.svg US$3.65 billion (2017)
Increase2.svg US$ 243.97 million (2017)
Increase2.svg US$177.00 million (2017)
Total assets Increase2.svg US$1.35 billion (2017)
Total equity Increase2.svg US$653.88 million (2017)
Number of employees
1,273 [1]  (2017)
Website www.landstar.com
Footnotes /references
[2]

Landstar System, Inc. is an American transportation services company specializing in logistics and, more specifically, third-party logistics. Landstar utilizes an extensive network of over 8,800 independent owner-operators, referred to internally as business capacity owners (BCOs), over 1,000 independent freight agents, and over 70,000 vetted carriers. 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.

Contents

History

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

In January 2014, Landstar sold its National Logistics Management (NLM) subsidiary to XPO, Inc. 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]

Operations

Landstar System is based in Jacksonville, Florida. [7] The company includes over 8,800 owner-operators in the United States, Canada and Mexico. The business capacity operators (BCOs) are not forced to dispatch like traditional trucking companies. Rather, they can choose their own loads. Landstar has agents in the United States and Canada. [8]

References

  1. ↑ "Landstar System". Fortune. Archived from the original on April 25, 2019. Retrieved February 5, 2019.
  2. 1 2 "US SEC: Form 10-K Landstar System, Inc". U.S. Securities and Exchange Commission . Retrieved August 1, 2018.
  3. ↑ "Company Overview of Landstar System, Inc". Bloomberg . Retrieved July 29, 2018.
  4. ↑ "XPO Logistics Completes Acquisition of NLM". marketwatch.com. December 30, 2013.
  5. ↑ "XPO Logistics Agrees to Acquire NLM". The Wall Street Journal. December 11, 2013.
  6. ↑ "Landstar opens up new U.S.-Mexico cross-border facility". www.logisticsmgmt.com. Retrieved July 11, 2018.
  7. ↑ "Landstar System Corporate Office – Corporate Offices & Headquarters". Corporate Offices & Headquarters. March 11, 2015. Retrieved February 27, 2017.
  8. ↑ Landstar System: Success Without Employees - Forbes.com.
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