Landstar System Inc., a non-asset based provider of transportation capacity and logistics services, is among Forbes magazine's Platinum 400 List of the Best Big Companies in America for a seventh consecutive year.
Based in part on the 45.4 percent, five-year total return on Landstar's common stock, Landstar ranked third on Forbes' Best Managed Companies list in the Transportation industry and 31st among all 400 companies named in the Platinum list.
According to the publication, "Once we narrowed down our universe to exactly 400 companies, our editors and writers evaluated the leading companies in each industry on factors such as innovation, efficiency and market leadership. Through additional objective and subjective analysis, they selected the best-managed companies in each of 26 industries."
The Platinum 400 were, according to Forbes, chosen from a search of 1,000 publicly traded companies that have at least $1 billion in sales, positive book value, a stock price of at least $5, and long- and short-term sales and earnings growth and stock market performance. Editors also looked for high marks in corporate accounting and governance practices.
"We're proud to be recognized as an industry leader," said Landstar President and CEO Henry Gerkens. "Landstar's unique business model continues to provide an outstanding foundation for future growth opportunities in both the Landstar Carrier Group and Landstar Global Logistics as the company moves forward as a premium global logistics and transportation solutions provider.”
Based in part on the 45.4 percent, five-year total return on Landstar's common stock, Landstar ranked third on Forbes' Best Managed Companies list in the Transportation industry and 31st among all 400 companies named in the Platinum list.
According to the publication, "Once we narrowed down our universe to exactly 400 companies, our editors and writers evaluated the leading companies in each industry on factors such as innovation, efficiency and market leadership. Through additional objective and subjective analysis, they selected the best-managed companies in each of 26 industries."
The Platinum 400 were, according to Forbes, chosen from a search of 1,000 publicly traded companies that have at least $1 billion in sales, positive book value, a stock price of at least $5, and long- and short-term sales and earnings growth and stock market performance. Editors also looked for high marks in corporate accounting and governance practices.
"We're proud to be recognized as an industry leader," said Landstar President and CEO Henry Gerkens. "Landstar's unique business model continues to provide an outstanding foundation for future growth opportunities in both the Landstar Carrier Group and Landstar Global Logistics as the company moves forward as a premium global logistics and transportation solutions provider.”
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