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Landstar Tops Forbes' List of Best Big Companies in Transportation; Selected to List of 400 Best Big Companies for Sixth Consecutive Year
01/13/05
09:18 AM EST

JACKSONVILLE, Fla., Jan. 13 /PRNewswire-FirstCall/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of transportation capacity, made Forbes magazine's Platinum 400 List of the Best Big Companies in America, for the sixth consecutive year.

Landstar is listed third out of Forbes' ten best performing stocks on their Platinum List for 2004 and 15th in the ranking of all 400 companies according to 5-year total return percentage. According to Forbes, "In the last 12 months, the Best Big Companies in America, the Forbes Platinum 400, outperformed the S&P 500 by an average of five points."

For each of the 26 core industries, Forbes ranked companies against their peers. Landstar came out on top in the Transportation industry with a 48.3 percent 5-year annualized total return. The list can be found on page 156 of Forbes' January 10, 2005 issue or for more details on the annual rankings log on to http://www.forbes.com .

Only publicly traded companies generating at least $1 billion in revenue were considered for the list and only companies with the highest rankings for corporate accounting and governance practices as well as long- and short-term sales and earnings growth and stock market performance were chosen.

"Landstar's unique business model enables us to continually provide growth opportunities for our independent sales agents and third-party capacity providers," said Landstar President and CEO Henry Gerkens. "We're proud to be recognized by Forbes as an industry leader."

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.