LSTR Stock - Landstar System Inc.

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Landstar System, Inc. offers comprehensive transportation management solutions across the United States, Canada, Mexico, and internationally. The company operates through two primary segments: Transportation Logistics and Insurance. The Transportation Logistics segment provides an array of services, including truckload and less-than-truckload transportation, rail intermodal, air and ocean cargo, expedited ground and air delivery for time-sensitive freight, heavy-haul and specialized transport, cross-border services between the U.S., Canada, and Mexico, intra-country services within Mexico and Canada, project cargo, and customs brokerage. Additionally, this segment offers transportation services to other companies, including third-party logistics providers and small package and less-than-truckload service providers. Landstar's truck services utilize a variety of equipment, including dry and specialty vans, unsided/platform trailers, temperature-controlled vans, and containers. The company also contracts with domestic and Canadian railroads for rail intermodal services, and with domestic and international airlines and ocean lines for air and ocean transport.

Landstar serves a diverse range of industries, including automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment. The company's broad service offerings and industry reach make it a key player in the transportation sector. The Insurance segment of Landstar re-insures certain risks associated with the company's independent contractors, providing an added layer of security and risk management.

The company's services are marketed through a network of independent commission sales agents and third-party capacity providers, ensuring extensive market penetration and customer reach. Founded in 1968 and headquartered in Jacksonville, Florida, Landstar System, Inc. has established itself as a leader in the transportation management industry, continually expanding its services and capabilities to meet the evolving needs of its clients.

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