Landstar System, Inc., a safety-first non-asset based provider of transportation capacity and logistics services, was rated America’s ‘Best Managed Company’ in the Transportation category by Forbes magazine. 2007 marks the eighth consecutive year that Landstar has been listed among Forbes Platinum 400 List of the Best Big Companies in America.
On the Forbes website, a feature article describes Landstar’s unique non- asset based business model and outlines the Company’s goals to go global. Landstar is ranked 41st of the 400 companies selected, based in part on the 37.9% five-year return on Landstar’s common stock.
Forbes’ editors say the Platinum 400 were chosen from a search of 1,000 publicly traded companies with at least $1 billion in revenue and a stock price of at least $5 per share. The pool of companies included both American and foreign corporations with a significant presence in the US.
According to the publication, “We select these companies after a thorough review of financial metrics, Wall Street forecasts, corporate governance ratings and other public information.” From the Platinum 400, writers and editors are said to pick a best-managed company, one from each of 26 industries, for financial performance as well as for “leadership, innovation and execution.”
“We are honored to be recognized as America’s best managed company in the transportation industry,” said Landstar President and CEO Henry Gerkens. “I would like to thank our employees and Landstar’s network of independent agents, business capacity owners (BCOs), and other third-party capacity providers for their hard work and dedication which enabled Landstar to achieve this honor. These are the people and small business owners who are responsible for the success of Landstar’s unique business model.” (PR Newswire)