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Landstar Rated Ninth Among Top 20 Percent Selected to The Wall Street Journal's Honor Roll of Companies Earning Straight-A Ratings; Tops WSJ's Performance Comparison of Companies in the Trucking & Transportation Industry
03/04/05
03:56 PM EST

JACKSONVILLE, Fla., March 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of transportation capacity, made The Wall Street Journal's Honor Roll of companies in 76 industries with straight-A ratings ranked on five-year average compound annual total returns through year-end 2004. Landstar ranked ninth in the top 20 percent of companies evaluated for the past one, three, five and 10 years.

In the 10th Annual Shareholder Scoreboard of the 1,000 best stock performers, the financial newspaper ranked Landstar ninth on its Honor Roll, showing a 93.6 percent one-year return ending in 2004, a 59.6 percent three- year return, a 47.1 percent 5-year return and a 24.6 percent 10-year return. The returns are average compound annual total returns -- including price changes and reinvestments from any dividends or other cash or non-cash distributions -- for the period through year-end 2004.

Landstar outranked eight other companies in the Trucking and Transportation category based on five-year returns. The $2 billion company's one-year return was 42 percentage points higher than the industry group average, 26 percentage points higher than the group's three-year average return, nearly 20 percentage points higher than the group's five-year average return, and 10.5 percentage points higher than the group's 10-year average return.

"The numbers speak for themselves. Landstar's unique business model, and our reputation as a safe, reliable third-party transportation capacity provider continues to provide growth opportunities for investors, our independent small business owners and third-party capacity providers," said Landstar President and CEO Henry Gerkens. "The Wall Street Journal is arguably the nation's leading financial newspaper. We're proud to be recognized as an industry leader by such a well-respected financial publication."

The Scorecard was published in the February 28, 2005 issue of The Wall Street Journal, but you can find an alphabetical listing of the 1,000 companies and their performance evaluations in an expanded version at http://www.WSJ.com .

The Wall Street Journal ranking comes on the heels of a Fortune magazine report, America's Most Admired Companies, which listed Landstar second overall in the Trucking Industry. Data used to compile the rankings included what Fortune terms the 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 scored the highest possible score in Financial Soundness and Long- term Investment. Landstar also ranks among Fortune's Top 1,000 companies for 2004. For more information, visit http://www.fortune.com .

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.

Ginger Whitcher of Landstar System, Inc., +1-904-390-1457 http://www.prnewswire.com