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Landstar System Inc. (LSTR)

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53.61 Down 0.76(1.40%) May 25, 4:00PM EDT|After Hours: 53.61 0.00 (0.00%) May 25, 4:28PM EDT

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Landstar System Inc.
13410 Sutton Park Drive South
Jacksonville, FL 32224
United States - Map
Phone: 904-398-9400
Fax: 904-390-4763
Website: http://www.landstar.com

Details 
Index Membership:Dow Jones Composite
Dow Transportation
Sector:Services
Industry:Trucking
Full Time Employees:1,351

Business Summary 

Landstar System, Inc., through its subsidiary, Landstar System Holdings, Inc., provides freight transportation services and supply chain solutions. It operates in two segments, Transportation Logistics and Insurance. The Transportation Logistics segment provides transportation services, which include truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, project cargo, and customs brokerage. This segment offers truck services through dry and specialty vans of various sizes, unsided trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads; and air and ocean services through contracts with domestic and international airlines and ocean lines. It also provides technology-based supply chain solutions and other value-added services that comprise integrated multi-modal solutions, outsourced logistics, supply chain engineering, and warehousing. This segment primarily serves automotive products, paper, lumber and building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, ammunition and explosives, and military equipment industries, as well as offers transportation services to other transportation companies, including logistics and less-than-truckload service providers. The Insurance segment provides risk and claims management services; and reinsures certain risks of the company’s BCO independent contractors, as well as offers property and casualty insurance. In addition, the company identifies, purchases, develops, and implements software applications. The company markets its services through independent commission sales agents and employees of the company in the United States, Canada, Mexico, and internationally. Landstar System, Inc. was founded in 1968 and is headquartered in Jacksonville, Florida.

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Corporate Governance 
Landstar System Inc.’s Governance Risk Indicator (GRI®) as of May 1, 2012 is: Audit (Low Concern), Board (Medium Concern), Compensation (High Concern), Shareholder Rights (Medium Concern).
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Henry H. Gerkens , 61
Chairman of The Board, Chief Exec. Officer, Pres, Member of Safety and Risk Committee, Member of Strategic Planning Committee, Chief Exec. Officer of Landstar System Holdings Inc, Pres of Landstar System Holdings Inc and Director of Landstar System Holdings Inc
2.63M27.00K
Mr. James B. Gattoni , 50
Chief Financial Officer, Principal Accounting Officer and VP
967.00K0.00
Mr. Larry S. Thomas , 51
Chief Information Officer, VP, Chief Information Officer of LSHI and VP of LSHI
565.00K112.00K
Mr. Michael K. Kneller , 37
VP, Gen. Counsel and Sec.
591.00K0.00
Mr. Joseph J. Beacom , 47
Chief Safety & Operations Officer and VP
N/AN/A
Amounts are as of Dec 30, 2011 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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