Landstar Successfully Concludes Litigation With OOIDA
JACKSONVILLE, Fla., Jan. 3, 2013 /PRNewswire/ -- (NASDAQ-LSTR) Landstar System, Inc., a non-asset based provider of integrated supply chain solutions delivering safe, specialized transportation and logistics services, today announced the end of its decade-long litigation with the Owner-Operator Independent Drivers Association, Inc. ("OOIDA").
At issue in the case was Landstar's compliance with federal regulations that govern the leasing relationship between motor carriers and truck owner-operators.
"Landstar is very pleased with the conclusion of this lawsuit," according to Michael Kneller, Landstar Vice President and General Counsel. "After a decade of proceedings, including two trials and extensive appeals, this litigation comes to an end after affirming the validity of Landstar's current leases in place with all of its BCOs and with no award of injunctive or monetary relief of any kind to the plaintiffs."
According to Jim Johnston, President of OOIDA, "We are pleased to put this litigation behind us. Landstar is a reputable motor carrier with a history of retaining owner-operators who are among the most highly skilled and professional individuals in the trucking industry. We are optimistic that we can work together in the future in advancing the goals of owner-operators."
"Landstar's BCOs are at the core of what we do," said Henry Gerkens, Landstar Chairman, President and CEO. "We believe our BCOs are the best owner-operators in the industry and we take great pride in treating them that way."
Landstar System, Inc. is a non-asset based provider of integrated supply chain solutions. Landstar delivers safe, specialized transportation and logistics services to a broad range of customers worldwide utilizing a network of agents, third-party capacity owners and employees. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2008 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.
SOURCE Landstar System, Inc.