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Landstar Named Among 'America's Most Admired Companies in 2006' by Fortune Magazine
03/03/06
08:27 AM EST

JACKSONVILLE, Fla., March 3, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Landstar System, Inc. (Nasdaq: LSTR), 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 2006" can be found on http://www.fortune.com .

About Landstar:

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(R) under the symbol LSTR.

The following is a "safe harbor" statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are "forward-looking statements." This press release contains forward-looking statements, such as statements, which relate to Landstar's business objectives, plans, strategies and expectations. Terms such as "anticipates," "believes," "estimates," "plans," "predicts," "may," "should," "will," the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: an increase in the frequency or severity of accidents or workers' compensation claims; unfavorable development of existing accident claims; dependence on independent sales agents and business capacity providers; disruptions or failures in our computer systems; a downturn in domestic or international economic growth or growth in the transportation sector; substantial industry competition; and other operational, financial or legal risks or uncertainties detailed in Landstar's Form 10K for the 2004 fiscal year, described in the section Factors That May Affect Future Results and/or Forward-Looking Statements, and other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and Landstar undertakes no obligation to publicly update or revise any forward-looking statements.

SOURCE Landstar System, Inc.

Ginger Whitcher, Landstar System, Inc., +1-904-390-1457