BNET Industries
Market Cap:$1.9B
Last Fiscal Year Sales:$2.6B
- Public
- US
Dow Jones Description
Landstar System, Inc. was incorporated in January 1991 under the laws of the State of Delaware. It acquired all of the capital stock of its predecessor, Landstar System Holdings, Inc. (LSHI) on March 28, 1991. Landstar System, Inc. has been a publicly held company since its initial public offering in March 1993. LSHI owns directly or indirectly all of the common stock of Landstar Ranger, Inc. (Landstar Ranger), Landstar Inway, Inc. (Landstar Inway), Landstar Ligon, Inc. (Landstar Ligon), Landstar Gemini, Inc. (Landstar Gemini), Landstar Carrier Services, Inc. (Landstar Carrier Services), Landstar Global Logistics, Inc. (Landstar Global Logistics), Landstar Express America, Inc. (Landstar Express America), Landstar Canada Holdings, Inc. (LCHI), Landstar Canada, Inc. (Landstar Canada), Landstar Contractor Financing, Inc. (LCFI), Risk Management Claim Services, Inc. (RMCS) and Signature Insurance Company (Signature). Landstar Ranger, Landstar Inway, Landstar Ligon, Landstar Gemini, Landstar Carrier Services, Landstar Global Logistics, Landstar Express America and Landstar Canada are collectively herein referred to as Landstars Operating Subsidiaries. Landstar System, Inc., LSHI, LCFI, RMCS, LCHI, Signature and the Operating Subsidiaries are collectively referred to herein as Landstar or the Company, unless the context otherwise requires. ...
President & CEO
Henry H. GerkensNumber of Employees 1,317
Contact Information
13410 Sutton Park Dr S
Jacksonville, Florida 32224-5270
(904) 398-9400
Peer Companies
NAICS Code General Freight Trucking, Long-Distance, Truckload: 484121
Recent Events
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Landstar acquisitions will help growth
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Landstar System Q3 Profit Plunges, Yet Beats Estimates; Guides Q4 - Update
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Landstar System declares dividend
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Landstar's Q3 Report Meets Expectations
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Landstar appoints Handoush, O'Malley co-COOs
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Landstar names co-COOs
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Landstar System Appoints Jim Handoush, Pat O'Malley Co-Chief Operating Officers - Quick Facts
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Landstar, J.B. Hunt report lower earnings
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Landstar System Reports Second Quarter Results and Increased Dividend
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Landstar Acquires Premier Logistics, A3 Integration
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Landstar’s 2Q Income Declines
News & Analysis
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landstar system inc. and pricing strategy - All News and Analysis
Landstar System, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Edward Wolfe – Wolfe Research LLC. Edward Wolfe – Wolfe Research LLC I thought I heard you say that substitute line-haul was down 50% quarter-over-quarter. Did you mean year-over-year? Henry Gerkens ...
Landstar System, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Christopher Ceraso – Credit Suisse. Christopher Ceraso – Credit Suisse Just a couple of questions, I don’t know if you’ve given this before but can you give us a breakdown at the gross margin level between the...
Landstar System, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Justin Yagerman – Wachovia Securities. Justin Yagerman – Wachovia Securities The first question is pertaining to the guidance. Henry didn't mention, is all the disaster relief work that you guys are doing over with and does that guidance include any...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Henry H. Gerkens | President & CEO |
| Pat O'Malley | President, Carrier Group |
| Jim B. Gattoni | CFO & Vice President |
| Joe Beacom | Vice President & Chief Compliance & Security & Safety Officer |
| Larry S Thomas | Vice President, CIO |
| Donna Mellion | Vice President, Corp Communications |
| Jeff L Pundt | Vice President, Business Dev |
| Michael K. Kneller | General Counsel, Secretary & Vice President |
| Patty McMenamin | Vice President, Corp Comm |
| Charles Smith | Owner, Operator |
| Ginger Whitcher | Manager, Corp Comm |
| Michael Henning | Diana M. Murphy Executive Officers of The Company |
| Patrick J. O. Malley |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| David G. Bannister | Chair |
| Diana M. Murphy | Board of Directors |
| Jeffrey C. Crowe | Board of Directors |
| Ronald W. Drucker | Board of Directors |
| William S. Elston | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | President & CEO | Current |
| Landstar Inway, Inc. | President | Former |
| Landstar System, Inc. | Board of Directors | Former |
Patrick O’Malley serves as the President of the Landstar Carrier Group. He is responsible for the complete operation of five wholly-owned subsidiaries of Landstar System, Inc.: Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc., Landstar Ranger, Inc. and Landstar Express America, Inc. The Landstar Carrier Group provides complete truckload transportation services to shippers throughout North America. Mr. O’Malley joined Landstar in 1985 as an Operations Coordinator and has held various administrative positions throughout his career including Director of Fleet Management, Landstar Vice President of Safety and most recently Carrier Group Executive Vice President of Operations. He holds a Bachelor of Arts degree from the University of Northern Iowa. He lives in Ponte Vedra Beach, Florida, with his wife Doreen. They have two grown children.
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | President, Carrier Group | Current |
| Organization | Position | Status |
|---|---|---|
| Landstar Global Logistics, Inc | Vice President and Chief Financial Officer | Current |
| Landstar System, Inc. | CFO & Vice President | Current |
| KPMG International | senior audit manager | Former |
| Landstar System, Inc. | Vice President & Controller | Former |
| Ramapo College of New Jersey | Certified Public Accountant | Former |
| Ramapo College of New Jersey | Bachelor's Degree In Accounting | Former |
| Landstar System, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Vice President & Chief Compliance & Security & Safety Officer | Current |
| Landstar Logistics, Inc. | Vice President & Chief Compliance, Security & Safety Officer | Current |
| Landstar Global Logistics, Inc | Vice President & Chief Compliance, Security & Safety Officer | Current |
| Landstar Inway, Inc. | Senior Director, Operations | Current |
| Landstar System, Inc. | Safety Officer | Former |
| Iowa State University | Bachelor of Science Degree In Business Administration | Former |
Mr. Thomas has been an Executive Officer of the Company since January 2005. He has been Vice President and Chief Information Officer of the Company since January 2005. Mr. Thomas has been Vice President and Chief Information Officer of LSHI since May 2001. He was Vice President Research and Development of LSHI from July 2000 until May 2001. From April 1994 until July 2000, he was Director of Management Information Systems of Landstar Ligon, Inc. ( Landstar Ligon ).
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Vice President, CIO | Current |
| Landstar Global Logistics, Inc | Vice President and Chief Information Officer | Current |
| Landstar System, Inc. | Vice President of Research and Engineering | Former |
| Landstar Ligon, Inc. | Director of Management Information Systems | Former |
| Landstar Global Logistics, Inc | Director of Information Services | Former |
| Whirlpool Corporation | Former | |
| International Business Machines Corporation | Former | |
| University of Evansville | Bachelor of Science Degree In Electrical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Vice President, Corp Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Vice President, Business Dev | Current |
| Landstar Ranger, Inc. | Former |
Michael Kneller serves as Vice President, General Counsel and Secretary for Landstar. He is responsible for all of the company’s legal matters as well as Human Resources and Corporate Communications. Mr. Kneller earned his undergraduate degree from Yale University and his law degree from Stanford University. He is a member of the American Bar Association and the New York State Bar Association. Prior to launching his career with Landstar in 2005, he served as a corporate attorney at the New York law firm of Debevoise & Plimpton LLP. Mr. Kneller and his wife, Andrea, live in Jacksonville, Florida.
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | General Counsel, Secretary & Vice President | Current |
| Landstar Global Logistics, Inc | Vice President, General Counsel and Secretary | Current |
| New York State Bar Association | Board of Directors | Current |
| Landstar Global Logistics, Inc | Secretary | Current |
| Landstar Global Logistics, Inc | General Counsel | Former |
| Debevoise & Plimpton Llp | Corporate Attorney | Former |
| Stanford University | Law degree | Former |
| Yale University | Undergraduate Degree | Former |
| Stanford University | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Vice President, Corp Comm | Current |
Charles Smith is our on site supervisor. Charlie supervises any of our projects that require a supervisor on site to manage the loading or unloading of our trucks and/or to assist the customer it make-ready of the site for deliveries. Charlie has 20 years experience as an Owner/Operator and maintains an outstanding safety rating with DOT and Landstar System, Inc.. Charlie is also a retired Master Sergeant for the US Air Force after 20 years of service to our country.
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Owner, Operator | Current |
| United States Air Force | Master Sergeant | Current |
| Owens Leasing, Inc | Site Supervisor | Current |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Manager, Corp Comm | Current |
Mr. Henning has been a Director of the Company since July 2007. Mr. Henning served in various capacities with Ernst & Young from 1961 to 2000, including Deputy Chairman of Ernst & Young from December 1999 to October 2000 and Chief Executive Officer of Ernst & Young International from September 1993 to December 1999. Mr. Henning also serves on the Board of Directors of Omnicom Group, Inc., CTS Corporation and Highlands Acquisition Corp.
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Diana M. Murphy Executive Officers of The Company | Current |
| CTS Corporation | Board of Directors | Current |
| Landstar System, Inc. | Board of Directors | Current |
Mr. O Malley has been an Executive Officer of the Company since January 2008. Mr. O Malley was named President of Landstar Carrier Services, Inc. ( LCSI ), Landstar Express America, Landstar Gemini, Inc. ( Landstar Gemini ), Landstar Inway, Inc. ( Landstar Inway ), Landstar Ligon and Landstar Ranger, Inc. ( Landstar Ranger ) on January 2, 2008. Mr. O Malley was Executive Vice President of Operations for LCSI, Landstar Gemini, Landstar Inway, Landstar Ligon and Landstar Ranger from January 2005 to December 2007. Mr. O Malley was Vice President and Chief Safety Officer of LSHI from January 2003 to January 2005. Prior to 2003, Mr. O Malley held various other positions within subsidiaries of the Company since 1985.
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Current | |
| Landstar Express America | President | Former |
| Landstar Ligon, Inc. | President | Former |
| Landstar Inway, Inc. | President | Former |
Mr. Bannister has been a Director of the Company since April 1991 and was a Director of LSHI from October 1988 to July 2004. Mr. Bannister is Executive Vice President and Chief Administrative Officer and Chief Development Officer of FTI Consulting, Inc., a critical solutions firm, and has held that position since June 2005. From 1998 to 2003, Mr. Bannister was a General Partner of Grotech Capital Group, a private equity and venture capital firm. Prior to joining Grotech Capital Group in May 1998, Mr. Bannister was a Managing Director at Deutsche Bank Alex Brown Incorporated.
| Organization | Position | Status |
|---|---|---|
| FTI Consulting, Inc. | Chief Administrative Officer and Chief Development Officer | Current |
| Lexecon | Executive Vice Presidentstrategic Development | Current |
| FTI Consulting, Inc. | Executive Vice President | Current |
| Grotech Capital Group, Inc. | Managing Director | Current |
| FTI Consulting, Inc. | Head of Strategic Development | Current |
| Landstar System, Inc. | Chair | Current |
| SimonDelivers, Inc. | Board of Directors | Current |
| Grotech Capital Group, Inc. | General Partner | Former |
| The University of North Carolina at Chapel Hill | M.B.A. | Former |
| Stetson University | B.A. With Honors In History | Former |
Ms. Murphy has been a Director of the Company since February 1998 and was a Director of LSHI from February 1998 to July 2004. Ms. Murphy is a Managing Director of Rocksolid Holdings, LLC, a private equity firm. From 1997 to 2007, she was a Managing Director at Chartwell Capital Management Company, a private equity firm. Ms. Murphy was an associate with Chartwell Capital and served as interim President for one of Chartwell s portfolio companies, prior to becoming a Managing Director. She was Senior Vice President for The Baltimore Sun, a newspaper company, from 1992 to 1995. Ms. Murphy also serves on the Board of Directors of The Coastal Bank of Georgia, Abeome Corporation, the Southeast Georgia Boys and Girls Club and other privately held companies.
| Organization | Position | Status |
|---|---|---|
| The Coastal Bank of Georgia | Board of Directors | Current |
| Landstar System, Inc. | Board of Directors | Current |
| Chartwell Capital Ltd | Associate | Former |
| Organization | Position | Status |
|---|---|---|
| Landstar System Holdings Inc. | Chairman | Current |
| U.S. Chamber of Commerce | Chairman | Former |
| Silgan Holdings, Inc. | Board of Directors | Current |
| PSS World Medical, Inc. | Board of Directors | Current |
| Landstar System, Inc. | Board of Directors | Current |
| The Eno Transportation Foundation | Board of Directors | Current |
| Landstar System Holdings Inc. | Chief Executive Officer | Former |
| Risk Management Claim Services | President | Former |
| Drake University | B.A. Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Landstar System, Inc. | Board of Directors | Current |
| Steelcase Inc. | Executive Vice President of Operations | Former |
Executive News
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Landstar Hit By Decrease in Loads, Fuel Surcharge Revenue
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Landstar’s 2Q Income Declines
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Landstar System Reports Second Quarter Results and Increased Dividend
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Landstar System Reports Second Quarter Results and Increased Dividend
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Landstar System Reports Second Quarter Results and Increased Dividend
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Landstar acquires two supply chain companies
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Landstar Announces the Acquisition of Two Supply Chain Transportation Integration...
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