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Landstar (LSTR) Announces the Acquisition of Two Supply Chain Transportation Integration Companies

July 2, 2009 7:56 AM EDT
LSTR Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Revenue Growth %: +13.5%
Landstar System (Nasdaq: LSTR) announced the acquisition of two supply chain transportation integration companies, Premier Logistics, Inc. (Premier) and A3 Integration LLC.

Premier, based in Detroit, Michigan, will remain under the leadership of Scott Taylor as President. Premier provides dynamic freight management services for customers through its proprietary Web-based software. Through its operating subsidiaries, National Logistics Management (NLM) and Interactive Capacity Gateway LLC (ICG), from purchase order to delivery, the Premier solution includes Web-based bidding, scheduling, shipping, tracking and reporting, allowing customers complete real-time visibility to follow their inbound and outbound shipments from pickup to destination.

A3i, based in Ann Arbor, Michigan, will provide customers with state-of-the-art Web-based transportation and supply chain management technologies to optimize the complete order-to-cash process. The A3i solution offers shipment optimization, carrier visibility and supply chain event management, all with multi-lingual, multi-currency and multi-modal capabilities.

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