Landstar is an asset-light freight transportation and logistics company that connects shippers with independent truckers and carriers, coordinating both sides through a network of independent commission sales agents and proprietary technology. Rather than owning trucks, Landstar earns a spread between what it bills shippers and what it pays capacity providers to haul freight. The core product is truckload transportation, which accounts for roughly 91% of revenue, spanning standard dry van loads to complex, high-value moves like oversized industrial equipment, hazardous materials, and temperature-sensitive cargo. Landstar's ~960 independent agents are the primary customer-facing interface — they find freight, price it, and coordinate logistics — while Landstar's operating subsidiaries hold the actual contracts and bear credit and liability risk. On the capacity side, Landstar works with two types of carriers: BCO Independent Contractors, who are owner-operators leasing exclusively under Landstar's authority and paid a percentage of revenue, and third-party Truck Brokerage Carriers paid a negotiated rate per load. BCO loads carry a higher variable contribution margin and tend to haul more specialized freight. Landstar's cost structure is predominantly variable, with purchased transportation as the largest cost, and fixed costs are lean — fewer than 1,400 employees supporting a network of ~8,500 BCO trucks and ~62,000 approved third-party carriers. Growth priorities include heavy haul and specialized freight, U.S.-Mexico cross-border logistics, and technology investment, including AI-driven pricing, load matching, and fraud detection tools.