Appoints Beacom and Miller to Leadership Positions

JACKSONVILLE, Fla., Nov. 15, 2024 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) (“Landstar” or the “Company”), a technology-enabled, lightweight provider of integrated transportation management solutions offering transportation services specialized and safe transportation, today announced two changes to its management team, effective December 1, 2024:

• Joe Beacom has been named president of the company’s subsidiary, Landstar System Holdings, Inc., and each of its agented transportation service companies.
• Matt Miller has been named vice president and chief security and operations officer of the company, succeeding Mr. Beacom in this role.

“With three decades of exemplary leadership and extensive experience at Landstar, Joe is uniquely positioned to work as part of our executive team to help accelerate our distinctive business model and advance our strategic growth initiatives in cooperation with our agents, our owner-operators and our truck carrier broker,” said Frank Lonegro, President and CEO of Landstar, Mr. Beacom has agreed to serve in this new position until the end of 2025, after. what he will move on to the role as special advisor to the CEO before his planned retirement within the group first quarter of 2026.

With his promotion to the Company’s leadership team, Mr. Miller will have corporate responsibility for all operational matters related to Landstar’s capacity network of truck owner-operators and third-party truck brokerage carriers . Mr. Miller’s expanded role continues to include responsibility for the safety, compliance, maintenance and utilization of trailers and operating solutions at Landstar. During his 15-year career with the company, Mr. Miller held positions of increasing responsibility in the areas of security, operations, finance and risk management.

“I am delighted to welcome Matt to the Company’s leadership team. Matt’s extensive experiences at Landstar and more broadly, his engaging leadership style and passion for safety position us well for the future with him at the helm of our operations,” said Lonegro. “I look forward to working directly with Joe and Matt in their new roles as we continue to align the company for future growth and customer service excellence.”

About Landstar:

Earth star System, Inc. is a technology-enabled, lightweight provider of integrated transportation management solutions that provides secure, specialized transportation services to a wide range of customers using a network of agents, third-party capacity providers and employees. Landstar transportation service companies are certified to ISO 9001:2015 Quality Management System Standards and RC14001:2015 Safety Management System Standards for environment, health, safety and security. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on the NASDAQ Stock Market® under the symbol LSTR.

Disclaimer Regarding Forward-Looking Statements:

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not based on historical facts are “forward-looking statements.” This press release contains forward-looking statements, such as statements regarding Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intends,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “will” , their negative form. and similar expressions are intended to identify forward-looking statements. These statements are inherently subject to uncertainties and risks, including, but not limited to: an increase in the frequency or severity of accidents or other claims; towards third-party insurance companies; commercial agents; dependence on third-party capacity providers; the impact of the Russia-Ukraine conflict on the operations of certain independent sales agents, including the Company’s largest such agent by revenue in fiscal 2023, the decline demand for transportation services in the United States; relationships; significant competition in the industry; disruptions or breakdowns of the Company’s computer systems; reliance on cybersecurity and other information security incidents; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality issues; regulations requiring the purchase and use of zero-emission products and other air quality issues; intellectual property; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Fiscal 2023 Form 10-K, described in Item 1A Risk Factors, and in other documents filed with the SEC from time to time. other. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on these forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.

CONTACT: Media contact:

Crime of Donia

Vice President, Corporate Communications

(904) 398-9400 / (email protected)