James Sands
Long only, transportation, Growth, portfolio strategy

Landstar System Business Solid, Regulatory Changes On The Horizon

Overview

Landstar System (NASDAQ:LSTR) is an asset-light provider of integrated transportation management solutions. Specifically, the company provides services for truckload, less than truckload or LTL, rail intermodal and air and ocean freight needs. Landstar System either directly through one of its independent commission sales agents, or on behalf of a transportation service provider or 3PL, supplies needed shipping capacity for a wide variety of customers.

Landstar System has a very diverse customer base as no customer accounted for more than three percent of the company's 2014 gross revenue. This speaks to the true nature of the business model as Fortune 500 companies, the U.S. Department of Defense, 3PLs and other transportation companies and smaller shippers use the company's

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