Landstar Ranked #1 in Fortune Magazine’s List of “America’s Most Admired Companies” in the Trucking Category
Jacksonville, Florida (NASDAQ: LSTR) Landstar System, Inc., a safety-first non-asset based provider of transportation and logistics services, ranked first in the Trucking Category in Fortune magazine’s 2009 list of “America’s Most Admired Companies.” The recognition marks Landstar’s sixth consecutive year on the list acknowledging corporate excellence.
“We are proud to be ranked first on this prestigious list,” said Landstar President and CEO Henry Gerkens. “This ranking reflects the talent, hard work and dedication of Landstar’s independent sales agents, third-party capacity providers and employees, who help make this recognition possible.”
The selection of America’s Most Admired Companies by Fortune and its consulting partner, the Hay Group, is based on the revenue of the 1,000 largest U.S. companies, non-U.S. companies in Fortune's Global 500 database with revenues of $10 billion or more, and the top foreign companies operating in the U.S. A total of 689 companies from 28 countries were surveyed.
Hay Group asked executives, directors, and analysts to rate companies in their own industry on nine criteria. Landstar ranked first in six of the nine categories including innovation, people management, quality of management, use of corporate assets, financial soundness and value as a long term investment.
Fortune’s special report on America’s Most Admired Companies appears in the
March 16, 2009 issue. The complete list can also be found on www.money.cnn.com/magazines/fortune/mostadmired/2009/index.html
Landstar System, Inc. delivers safe, specialized transportation and logistics 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 and logistics capacity providers. Through its operating subsidiaries, Landstar delivers excellence in complete transportation logistics services and solutions. 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.