January 8, 2003 Jacksonville, Florida - (LSTR:NASDAQ) Landstar System, Inc., a safety-first non-asset based provider of transportation capacity, made Forbes Magazine's Platinum 400 List of America's Best Big Companies, for the fourth consecutive year. Landstar is ranked among the top companies in its category of "Travel and Transport."
"These 400 corporations must show strategy, stamina and growth to standout among the others," according to the January 6, 2003 issue of the magazine. "All the Forbes 400 companies were selected based on the best aggregate scores for long- and short-term financial returns on capital, plus other performance and valuation measures."
According to the Forbes listing, Landstar's stock price has increased 297 percent over the last five years.
To be considered for the list, companies with annual sales of at least $1 billion must meet or exceed the highest level of financial requirements as well as demonstrate the qualities Forbes editors see as essential to growth and profitability.
"We are pleased to be recognized by Forbes as one of 'America's Best Big Companies'," said Landstar President and COO Henry Gerkens. "It's our continued commitment to excellence, the entrepreneurial spirit and our flexible business model that have enabled us to out perform others in the industry."
For more details on Landstar log on to landstar.com. Details on the annual ranking are available in the January issue of Forbes magazine or via www.forbes.com.
Landstar System, Inc. is headquartered in Jacksonville, Florida. The Landstar carrier group, comprised of Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc. and Landstar Ranger, Inc., delivers excellence in complete over-the-road transportation services. The Landstar multimodal group, comprised of Landstar Express America, Inc. and Landstar Logistics, Inc., delivers excellence in expedited, contract logistics and intermodal transportation services. All Landstar operating companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc.'s common stock trades on The NASDAQ Stock Market® under the symbol LSTR.