Landstar System Inc (NAS:LSTR)
$ 182.56 2.79 (1.55%) Market Cap: 6.53 Bil Enterprise Value: 6.12 Bil PE Ratio: 28.09 PB Ratio: 6.41 GF Score: 93/100
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Landstar System Inc at Stephens Investment Conference Transcript

Nov 14, 2023 / 06:00PM GMT
Release Date Price: $171.51 (+2.28%)
Jack Lawrence Atkins
Stephens Inc., Research Division - MD & Analyst

Thank you all for joining us. Today, we're joined by the management team from Landstar System. Sitting right next to me, I have CEO, Jim Gattoni; Jim Applegate, EVP of Business Intelligence and Strategy; and over there on the end is Jim Todd, third Jim, Vice President and CFO. Just kick us off maybe, Jim Gattoni, could you just give us a little bit of an overview of Landstar and what the company does?

James B. Gattoni
Landstar System, Inc. - President, CEO & Director

Yes, can I quick ask, people everybody know who we are or should I start from scratch? It looks like we have to start from scratch. Born in 1987. Truck brokerage. When you think of the truck brokerage industry, we are basically, 90-something percent of our business is U.S. truck based, pretty much long haul, and it's cross-border Mexico, cross-border of Canada.

In the brokerage space, we're a little unique compared to most brokers though because what we do is we actually have dedicated capacity called owner

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