LSTR 📈 Landstar System - Overview

Landstar System Inc, a leading provider of integrated transportation management solutions, operates across multiple geographies, including the United States, Canada, Mexico, and international markets. The company's business is broadly categorized into two segments: Transportation Logistics and Insurance. The Transportation Logistics segment is a comprehensive platform that offers an array of services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, and ocean cargo. Additionally, it provides specialized services such as expedited ground and air delivery for time-critical freight, heavy-haul and specialized transportation, cross-border services between the U.S., Canada, and Mexico, intra-Mexico and intra-Canada services, project cargo, and customs brokerage. This segment also extends its services to other transportation companies, offering third-party logistics and less-than-truckload services, thereby catering to a wide range of industries including automotive, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment.

The company's transportation services are facilitated through a variety of equipment, including dry and specialty vans of different sizes, unsided/platform trailers, temperature-controlled vans, and containers. It also provides rail intermodal services through contractual agreements with domestic and Canadian railroads, as well as certain short-line railroads and asset-based intermodal equipment. Furthermore, Landstar System Inc offers domestic and international air and ocean services, leveraging its extensive network and resources to deliver efficient and reliable transportation solutions. The Insurance segment, on the other hand, focuses on providing risk and claims management services, while also reinsuring the risks of the company's independent contractors. The company's services are marketed through independent commission sales agents and third-party capacity providers, allowing it to maintain a broad reach and flexibility in its operations.

With its incorporation dating back to 1991, Landstar System Inc is headquartered in Jacksonville, Florida, and is listed on the NASDAQ under the ticker symbol LSTR. The company's common stock is traded with the ISIN code US5150981018 and falls under the GICS Sub Industry category of Cargo Ground Transportation. Through its comprehensive suite of transportation and logistics services, Landstar System Inc aims to provide value to its customers by ensuring the safe, efficient, and timely delivery of goods across various industries and geographies. More information about the company can be found on its official website at https://www.landstar.com, offering insights into its operations, services, and commitment to excellence in the transportation management sector.