Frank A. Lonegro
President and Chief Executive Officer
Legacy
Leads Landstar through freight-cycle pressure and agent-network modernization.
Landstar System, Inc.
Explore Landstar System
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Leadership History
2 leaders · Full leadership timeline
Landstar is a capital-light logistics platform that sells shipper relationships and network coordination more than owned equipment. That model can underperform in a weak freight cycle, but it tends to protect the balance sheet better than asset-heavy trucking models.
Landstar makes money by arranging truckload, less-than-truckload, expedited, heavy-haul, intermodal, air, ocean, and logistics services through independent commission agents and third-party capacity. The company earns revenue from shippers and pays independent contractors, brokerage carriers, agents, and other providers to execute freight movements.
President and Chief Executive Officer
Leads Landstar through freight-cycle pressure and agent-network modernization.
Chief Financial Officer
Oversees finance and reporting during the freight downcycle.
Landstar is exposed to freight recessions, spot-rate pressure, truckload capacity cycles, insurance and claims costs, safety regulation, and the need to keep its digital tools attractive to independent agents and capacity providers.