Landstar System Inc (FRA:LDS)
€ 171 8 (4.91%) Market Cap: 6.19 Bil Enterprise Value: 5.82 Bil PE Ratio: 32.87 PB Ratio: 6.66 GF Score: 81/100

Landstar System Inc at Deutsche Bank Transportation Conference Transcript

Aug 16, 2022 / 01:00PM GMT
Release Date Price: €151 (-1.31%)
Amit Singh Mehrotra
Deutsche Bank AG, Research Division - Director and Senior Research Analyst

Okay. I think we're going to get started here. It's 9:00 on the dot. Well, thanks for everyone being here in the room and on the webcast. I'm really happy to introduce Landstar. One of the higher-quality companies that I cover in transportation and logistics. I like to say, they'll generate free cash flow in almost any environment, including an apocalyptic environment. A really, really great model and a great company.

Super honored to have James Gattoni, President and CEO, the most optimistic man in transportation and logistics; and James Applegate, Executive Vice President, Business Development and Strategy.

First, I want to congratulate you guys for being named to the Fortune 500. That's a pretty great, remarkable evolution from where you guys were a few years ago, given the strength of the market.

One thing I want to start with is kind of zooming out, Jim, a little bit -- Jim and Jim -- and talk about where we've come from over the last 2 to 3 years. Demand has never been

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