Jacksonville, Florida (NASDAQ: LSTR) Landstar System, Inc., a safety-first non-asset based provider of transportation and logistics services, was ranked third in its industry in Fortune magazine's list of "America's Most Admired Companies in 2006.”
According to the magazine, the one thing that all the Most Admired Companies have in common is their ability to change with the times. Research for the annual report started with the Fortune 1,000 – the 1,000 largest U.S. companies ranked by revenue – and the top foreign companies operating in the U.S. Out of the 10 largest companies in each of 65 industries, 10,000 executives, directors and securities analysts selected the companies they admire the most. Fortune based its rankings on eight key attributes of reputation – innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment and quality of products/services.
Landstar President and CEO Henry Gerkens said the company was pleased to be recognized for the third consecutive year by Fortune magazine and America 's top business leaders . "Landstar's independent agents, business capacity providers and employees continue to deliver on our reputation as a safe, reliable transportation and logistics provider,” said Gerkens. "The Fortune survey recognizes that corporate reputation, innovation, quality management and services, backed by financial stability and long-term investment opportunities, are the keys to success . We're proud to be leaders in these areas, in our industry and to be named among the nation's most admired companies.”
Fortune's complete list of "America 's Most Admired Companies in 2006" 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, warehousing and contract logistics 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.