January 17, 2002 Jacksonville, Florida - (LSTR:NASDAQ) Landstar System, Inc., a safety-first transportation and information services company, leaped ahead in this year's listing of Forbes Magazine's Platinum 400 List of America's Best Big Companies. Landstar is ranked 75 overall and is second among the trucking companies evaluated.
Each of this year's Platinum companies had to earn its stripes in a tough economic environment. "These 400 corporations show the strategy, stamina and growth to be standouts among their peers," according to Forbes' January 7 issue. "All the Forbes 400 companies were selected based on their composite scores for long- and short-term growth and return on capital, plus other performance and valuation measures."
According to the Forbes listing, Landstar's stock price has increased 213 percent over the last five years. The company's five-year average return on capital is 23 percent.
To be considered for the list, companies with annual sales of at least $1 billion must meet or exceed the highest level of financial requirements as well as demonstrate the qualities Forbes editors see as essential to growth and profitability.
"Forbes recognizes the significance of Landstar's unique business model and its ability to provide a strong foundation through economic turbulence. While others in our industry stumble, Landstar continues to deliver great returns to investors, and solid support to our small business owners so they can continue to run their own businesses," said Landstar President and COO Henry Gerkens. "It's that entrepreneurial spirit and flexible business model that enables us to out perform other companies, especially when the industry as a whole is down."
More details on the annual ranking are available at www.forbes.com.
Landstar System, Inc. is headquartered in Jacksonville, Florida. The Landstar carrier group, comprised of Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc. and Landstar Ranger, Inc., delivers excellence in complete over-the-road transportation services. The Landstar multimodal group, comprised of Landstar Express America, Inc. and Landstar Logistics, Inc., delivers excellence in 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® under the symbol LSTR.