Landstar System, Inc. is a transportation and logistics company headquartered in Jacksonville, Florida. The company was founded in 1968 by R.S. "Buzzy" Grunder and began operations as a provider of contracted transportation services. Over the years, Landstar has grown into one of the largest non-asset-based providers of transportation capacity and logistics solutions in North America. Landstar is listed on the NASDAQ stock exchange under the ticker symbol "LSTR."
Landstar operates in the highly competitive transportation industry, offering a wide range of services including truckload and less-than-truckload (LTL) transportation, intermodal, expedited, and specialized freight services. The company connects its extensive network of independent owner-operators and contract carriers with customers in various industries to fulfill their transportation needs.
Landstar has a unique business model unlike any other. Unlike traditional trucking companies that own and operate their fleet of trucks, Landstar operates as a non-asset-based provider. The company leverages a network of independent owner-operators and contract carriers who supply their equipment and services, allowing Landstar to offer flexible capacity solutions to its customers.
Along with its business model, Landstar has its own advanced transportation management system (TMS) known as LandstarOne. This technology platform enables customers and agents to efficiently manage and track their shipments, access real-time data and analytics, and optimize their supply chain operations. LandstarOne enhances visibility, improves efficiency, and provides valuable insights to help customers make informed decisions and optimize their logistics processes.
Throughout its history, Landstar has earned a reputation for its commitment to safety. The company has implemented rigorous safety protocols, training programs, and technology systems to ensure the safe transportation of goods. Landstar has received several industry awards and accolades for its safety record, including multiple American Trucking Associations' President's Trophy awards.