As a long-time Landstar agent, our clients know that partnering with a financially stable company that has longevity in the market can help them survive even the toughest market conditions and downturns. Recently Freightwaves, a leading transportation media outlet, said, “The number of authorized interstate trucking fleets in the U.S. declined by nearly 9,000 in the first quarter of 2023” in an article titled “Trucking Bloodbath Snare Fleets Large and Small.” Cooling down after the spike in demand during the pandemic, the cost of operating a fleet experienced a sharp uptick, fueled particularly by driver wages, maintenance and insurance expenses. A recent survey by FreightWaves received an alarming response: 35.2% of owner operator respondents agreed with the statement, “If the market does not rebound materially by the end of 2023, I will leave the industry.”
What does all of this mean for shippers looking to move their freight? It means that choosing a 3PL partner with financial stability and longevity is vital. Having the right partner helps you avoid disruption, protect your freight, and ensure that your customers remain satisfied — no matter what the market throws your way. That’s where Momentum Transportation, an Award-Winning Landstar Agent, can help.
Landstar — A Network Built to Deliver
Momentum Transportation, an award-winning Landstar Agent, is part of an Landstar’s unprecedented network. For more than 5 decades, Landstar has built a huge network of capacity providers with a wide array of trailer equipment that is unmatched in the industry.
Landstar System Inc. (NASDAQ: LSTR) provides the transparency and accountability of being a publicly-traded Fortune 500 company, reporting gross revenue through the first two quarters in 2023 of $2.81B, as well as a gross profit of more than $292M. Unlike many transportation providers with heavy debt, Landstar reported an 8% debt-to-capital ratio.
Here are a few more reasons why Landstar is as strong and resilient as ever:
A flexible business model. Landstar is a global transportation system designed for the 21st century. By integrating independent agent operating offices and highly vetted owner operators with one of the industry’s largest and most diverse trailer fleets, the Landstar model offers built-in capacity and flexibility to meet shippers’ needs, while keeping the company “asset-light”.
A safety-first culture. With an industry leading low accident frequency, safety comes first at Landstar. Being safe saves lives, reduces potential freight damage and ensures the high-quality service shippers expect. Standards for behaviors have been implemented across the entire network, including strict owner-operator qualification requirements.
- Landstar Safety Officers (LSOs) are designated to support education, training and awareness programs.
- Mutual Understanding of Safety Together (M.U.S.T.) bring Landstar’s safety team, agents and customers together to create safety solutions to address unique customer situations.
- Monthly Safety Thursday conference calls – which started in 1991 — bring together employees, agents, owner-operators, customers and law enforcement agencies to discuss safety practices.
A commitment to security. Since 2003, Landstar has been a member of the Customs Trade Partnership Against Terrorism (CTPAT), a voluntary joint government/business initiative to improve supply chain security. This helps ensure a secure supply chain for our customers, employees, agents, third-party capacity providers and vendors. Landstar’s safety-first culture includes awareness of and protection from criminal activities within the supply chain.
Landstar Agent, Momentum Transportation, reinforces the strength, resilience and stability of Landstar
Momentum Transportation is one of the top 5 largest Landstar Agents. We are a one-stop shop for our customers, handling all modes — OTR (including heavy & specialized), LTL, ocean, air, customs clearance and rail. This is a rare combination of depth and expertise in transportation. In fact, only about 25 of Landstar’s 1,200 agents are experienced with international and customs clearance, including door-to-door service from Asian origins to US destinations, plus Mexico cross border expertise. Not only do shippers get the capacity and stability of a Fortune 500 global company in Landstar, they get the friendly customer service focus and can-do attitude provided by the Momentum Agency as your local partner.
Here are some other reasons why Momentum Transportation, an award-winning Landstar Agent, is the partner of choice for so many shippers:
- Mission critical shipment expertise. No matter how complex your project is, we can move it safely and on time. From just-in-time (JIT) delivery, white glove service, or to help with high value complex moves for major equipment or electronics, we’ve got the know-how and experienced team to help you succeed.
- Project Management. We have the proven operational processes, methods and technology platforms for the most complex transportation projects in the market. We’ve also built a team that you can count on from start to finish — and we’ve invested in cutting edge software that ensures you always know the status of every load. What’s more, our state-of-the-art operational center, based in Jacksonville, FL has full back-up power generation and internet redundancy, for a zero downtime environment.
- Can-Do Culture. We never stop until the job is done — and done right, because we care about our clients’ shipments as much as they do. Relationships matter, and this is not only true in how we treat our staff, but also in how we treat our customers. With 24×7 staffing, there is always someone at the ready to answer questions. We never stop looking for new efficiencies and more cost-effective ways to get your freight where it needs to go, on-time and damage free.
Conclusion
Compared to other logistics and transportation companies, Landstar is among the safest trucking companies you can work with. Landstar offers a global transportation network and reliable capacity with greater visibility and flexibility to meet customers’ evolving needs.
Landstar is a $5.3 billion company with 1,100 operating agency offices, over 9,800 trucks, more than 18,500 trailers, plus over 76,000 3rd party capacity partners. More than 25,000 businesses worldwide count on Landstar to deliver, because they know Landstar can handle whatever customers send our way. Contact Momentum Transportation, an award-winning Landstar Agent today to get started: www.landstar-agent.com