JACKSONVILLE, Fla., March 5 /PRNewswire-FirstCall/ -- Landstar System, Inc., a safety-first non-asset based provider of transportation and logistics services, announced its selection to Fortune magazine's 2008 list of "America's Most Admired Companies." The recognition marks Landstar's fifth consecutive year on the list of rankings acknowledging corporate excellence. Landstar ranked third among companies in its industry.
"We're honored to be chosen once again as one of America's Most Admired Companies," said Landstar President and CEO Henry Gerkens. "The recognition is a direct reflection of the contributions made by Landstar independent sales agents, third-party capacity providers and employees."
Now in its 26th year, the selection of America's Most Admired Companies by Fortune and its consulting partner, the Hay Group, is based on the revenue of the 1,000 largest U.S. companies and the top foreign companies operating in the U.S. The companies are sorted and the 10 largest companies in each industry are selected. Executives, directors and financial analysts are then asked to rate companies in each industry on eight criteria, ranging from innovation to quality of products/services. According to Fortune, "the Most Admired list is the definitive report on corporate reputations."
Fortune's special report on America's Most Admired Companies appears in the March 17, 2008 issue. The complete list can also be found on www.money.cnn.com/magazines/fortune/rankings.
About Landstar:
Landstar System, Inc. delivers safe, specialized transportation and logistics 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 Express America, Inc., 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 Global Logistics, Inc. is a third party logistics company, providing international and domestic multimodal (over-the-road, air, ocean and rail) transportation, contract logistics and warehousing 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.