JACKSONVILLE, Fla., April 28 /PRNewswire-FirstCall/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of transportation capacity, announced today that it has been authorized by its Board of Directors to purchase up to an additional 2 million shares of its common stock from time to time in the open market and in privately negotiated transactions. This new share purchase authorization comes as the Company has recently completed its previously authorized share purchase program by purchasing 405,862 shares of its common stock during the month of April. Landstar currently has 59,720,276 shares of common stock outstanding.

Since January 1997, the Company has purchased more than 51 million shares of its common stock, adjusted to reflect all previous stock splits, at an aggregate cost of approximately $384 million.

"This new share purchase authorization is part of the Company's ongoing effort to return value to its stockholders and represents an expression of the Board of Directors' confidence in the Company's future," said Landstar President and CEO Henry Gerkens. "The demand for our transportation services remained strong throughout April."

Landstar System, Inc. delivers safe, specialized transportation services to a broad range of customers throughout North America. 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 multimodal group, which is comprised of Landstar Express America, Inc. and Landstar Logistics, Inc., provides expedited, contract logistics and intermodal transportation services. All Landstar operating companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc.'s common stock trades on The Nasdaq Stock Market(R) under the symbol LSTR.

SOURCE Landstar System, Inc.

CONTACT: Bob LaRose, Landstar System, Inc., +1-904-398-9400
Web site: http://www.landstar.com