Jacksonville, Florida – (NASDAQ: LSTR) Landstar System, Inc., a safety-first non-asset-based provider of transportation capacity and logistics services, has been recognized for the fourth consecutive year in Fortune magazine’s list of “America’s Most Admired Companies in 2007.”
Fortune describes the Most Admired list as “the definitive report card on corporate reputations.” To arrive at the rankings, an independent research group started by sorting the Fortune 1,000 largest U.S. companies and the top foreign companies operating in the U.S. by revenue. That list was then sorted into 63 industry groupings and the 10 largest companies in each of those industry lists were included in the magazine’s annual survey. Business executives, directors and analysts were asked to rate the companies in their own industry on eight criteria: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of products/services. Landstar ranked third in its industry.
“We are honored to be recognized again on this prestigious list of the Most Admired Companies in America,” said Landstar President and CEO Henry Gerkens. “We’re proud to be seen among our peers as a leader in our industry. I’d like to thank our employees, independent sales agents, third-party transportation capacity providers and warehouse capacity owners for helping us achieve this honor.”
Fortune’s complete list of “America’s Most Admired Companies in 2007” can be found on www.fortune.com.
Landstar System, Inc. delivers safe, specialized transportation services to a broad range of customers worldwide. The Company identifies and fulfills shippers’ needs through the coordination of individual businesses comprised of independent sales agents and third-party transportation capacity providers. Landstar's carrier group, which is comprised of Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc., Landstar Ranger, Inc. and Landstar Carrier Services, Inc., delivers excellence in complete over-the-road transportation services. Landstar’s global logistics group, which is comprised of Landstar Global Logistics, Inc. and its subsidiaries Landstar Express America, Inc. and Landstar Logistics, Inc., provides international and domestic multimodal (over-the-road, air, ocean and rail) transportation, expedited, contract logistics and warehousing services. All Landstar operating companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.