BNET Industries

Landstar System Inc.

(LSTR) is in the Transportation Industry

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. Gerkens
Number of Employees 1,317
Contact Information

13410 Sutton Park Dr S

Jacksonville, Florida 32224-5270

landstar.com

(904) 398-9400

NAICS Code General Freight Trucking, Long-Distance, Truckload: 484121

Recent Events

  • Landstar acquisitions will help growth

    10/28/09 - Financial Announcement - View Story

  • Landstar System Q3 Profit Plunges, Yet Beats Estimates; Guides Q4 - Update

    10/14/09 - Bond / Stock Rating - View Story

  • Landstar System declares dividend

    10/14/09 - Stock Split / Dividend - View Story

  • Landstar's Q3 Report Meets Expectations

    10/15/09 - Financial Announcement - View Story

  • Landstar appoints Handoush, O'Malley co-COOs

    8/12/09 - Mgmt. Change Entering - Other - View Story

  • Landstar names co-COOs

    8/12/09 - Mgmt. Change Entering - COO - View Story

  • Landstar System Appoints Jim Handoush, Pat O'Malley Co-Chief Operating Officers - Quick Facts

    8/11/09 - Mgmt. Change Entering - COO - View Story

  • Landstar, J.B. Hunt report lower earnings

    7/23/09 - Financial Announcement - View Story

  • Landstar System Reports Second Quarter Results and Increased Dividend

    7/15/09 - Stock Split / Dividend - View Story

  • Landstar Acquires Premier Logistics, A3 Integration

    7/10/09 - Merger / Acquisition - View Story

  • Landstar’s 2Q Income Declines

    7/15/09 - Financial Announcement - View Story

News & Analysis

landstar system inc. and revenue - All News and Analysis

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

  • Landstar Hit By Decrease in Loads, Fuel Surcharge Revenue

    Trucking Info - 7/18/09 - View Story

  • Landstar’s 2Q Income Declines

    Transport Topics - 7/15/09 - View Story

  • Landstar System Reports Second Quarter Results and Increased Dividend

    MSN Money - 7/15/09 - View Story

  • Landstar System Reports Second Quarter Results and Increased Dividend

    Stockwatch - 7/15/09 - View Story

  • Landstar System Reports Second Quarter Results and Increased Dividend

    PR Newswire via Yahoo! - 7/15/09 - View Story

  • Landstar acquires two supply chain companies

    The Business Journal of Jacksonville - 7/02/09 - View Story

  • Landstar Announces the Acquisition of Two Supply Chain Transportation Integration...

    Reuters - 7/02/09 - View Story

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     LSTR $38.84 +0.59 (1.54% )
Average Volume 515,683
Shares Outstanding 50.84M
Market Cap 2.0B
Year High 41.65
Year Low 27.21
Earnings Per Share 1.49
P/E Ratio 26.07
Dividend 0.18
Yield 0.46
Glass Door

Landstar System

CEO Rating

Henry H. Gerkens

President, CEO, and Director, Landstar and Landstar System Holdings

100% Approve

Employer Rating
“Dissatisfied” 2.0 3.0
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