Landstar System Joins Blockchain in Transport Alliance

Landstar System, Inc., announced it has joined the Blockchain in Transport Alliance (BiTA).

The goal of the alliance is for company members’ business and technology executives to collaborate, create and adopt industry standard uses of blockchain applications for the freight industry.

Rick Coro, vice president and chief information officer for Landstar System, Inc.:

“As a technology leader in the transportation industry, we believe that blockchain technology has the potential to provide solutions for a number of challenges in our industry, including increased efficiency and trust between all participants.”

Landstar understands the importance of establishing standards and guidelines for connecting existing and evolving technologies to blockchain platforms. “As a member of BiTA, Landstar is excited to participate in the early design of blockchain industry standards, and to establish relationships that will help us continue to lead with technology,” added Coro.

About Landstar:

Landstar System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers, and employees. Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.

The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements”, such as statements which relate to Landstar’s business objectives, plans, strategies, and expectations. Terms such as “believe” are intended to identify forward-looking statements.

Such statements are by nature subject to uncertainties and risks, including but not limited to the operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10K for the 2017 fiscal year, described in Item 1A Risk Factors, and in other SEC filings from time to time. 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 such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.