Landstar System Inc at Stephens Investment Conference Transcript

Nov 15, 2022 / 09:00PM GMT
Jack Lawrence Atkins - Stephens Inc., Research Division - MD & Analyst

Thank you again for joining us for day 1 of Stephens Investment Conference. This our 24th Annual event. We're very pleased to have Landstar System here with us for the 3:00 Central panel. For those of you that do not know Landstar, these guys are headquartered in Jacksonville, Florida, and they are an asset-light provider, principally of truckload, but also they have LTL, other logistics services as well. And they're not just in the U.S., they also do cross-border work with Canada and Mexico, too. I would say that I'm a big fan of this company. These guys have one of the highest returns on invested capital in the transportation sector. And so to me, that's always an important metric to fly for investors.

And so it's great to have Landstar here, 40% return on invested capital, not too shabby, Jim. So joining us today from the company, we're -- fortunately, we have what I would call Jim cubed. We've got Jim Gattoni, Landstar's Chief Executive Officer. We've got Jim Applegate, who's the EVP, Business Intel and strategy. We've

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