#Landstar trucking drivers#
Landstar offered a buying coop to save its drivers on purchases of fuel, tires, and lodging. Poole was the only unit that owned its own trucks the others were manned by owner-operators.Īccording to the Fairfield County Business Journal, truckers received 75 percent of gross revenues (later upped to more than 80 percent), leaving 7 percent for the independent agents and 18 percent for the company. They had combined sales of $579 million in 1987. of Evergreen, Alaska (high-density short and medium hauls). of Madisonsville, Kentucky (heavy hauls) and Poole Truck Lines Inc. of Greensburg, Pennsylvania (intermodal containers drayage) Ligon Nationwide Inc.
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of Rockford, Illinois (flatbed) Gemini Transport Inc. of Jacksonville, Florida (just-in-time delivery) Independent Freightway Inc. This left five carriers in the Truckload Group, each with its own specialty: Ranger Transportation Inc. NEOAX then sold one of IU's seven trucking companies and closed another. Major customers included auto makers and the Department of Defense. IU, based in Philadelphia, had acquired several different trucking companies. NEOAX, an industrial services company based in Stamford, Connecticut, acquired IU International Corp. Landstar also specializes in serving the automotive and construction industries, and counts many well-known corporations among its client list. subsidiary Landstar System Holdings, Inc. These and other units are owned through Landstar System, Inc. Landstar was formed through the acquisition of several trucking firms, some of whose names are reflected in operating companies Landstar Gemini, Landstar Inway, Landstar Ligon, and Landstar Ranger. Signature Insurance Company and RMCS form the insurance segment. Landstar Logistics and Landstar Express America make up the multimodal segment, the capacity of which is provided by more than 300 independent contractors.
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Landstar has two other business segments: multimodal and insurance. Landstar also contracts with third party truck, rail, and air providers. They are dispatched by 1,000 agents, most of them independent contractors as well. The carrier segment of Landstar's business is manned by 7,300 owner-operators, whom the company refers to as "business capacity owners" (BCOs), supplying 8,400 tractors and 14,300 trailers.
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Landstar operates on a "variable cost non-asset based business model," which means rather than having the company buy and maintain its own trucks, Landstar hires owner-operators as subcontractors. Landstar Mission Statement: To be the leading non-asset based provider of transportation capacity delivering safe, specialized transportation services to a broad range of customers throughout North America utilizing a network of agents, business capacity owners and employees.ġ988: Landstar System is formed from the IU Truckload Group.ġ991: Landstar System is sold to a management group.ġ993: Landstar goes public on the NASDAQ.ġ995: Multimodal companies ITCO and Express America are acquired.ġ997: The Signature Insurance Company subsidiary is formed headquarters are relocated to Jacksonville.ġ998: Landstar Poole is sold to Schneider National.ġ999: Landstar moves into a new headquarters building.Ģ003: Revenues reach $1.6 billion, despite a weak economy.
![landstar trucking landstar trucking](https://www.landstar.com/Media/blog-media-import/2018-All-Star-Truck-SM-photo.jpg)
NAIC: 484121 General Freight Trucking, Long-Distance, Truckload 484230 Specialized Freight (Except Used Goods) Trucking, Long-Distance