LSTR

Landstar System, Inc. (NASDAQ:LSTR) is a Jacksonville, Florida-based transportation and logistics company founded in 1968 that went public in 1993. The company operates as an asset-light freight broker, connecting shippers with independent truck drivers and third-party transportation providers across North America. Unlike traditional trucking companies that own large fleets, Landstar's unique business model relies on a network of independent agents and Business Capacity Owners (BCOs) - independent contractors who own their own trucks and equipment. This approach has allowed the company to build one of the largest transportation networks in North America while maintaining relatively low capital requirements and operational flexibility.