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Landstar Announces Enhancements to Leadership Team

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Landstar System announces key leadership changes effective December 1, 2024. Joe Beacom has been appointed President of Landstar System Holdings and its agent-based transportation services companies, planning to serve until end of 2025 before transitioning to Special Advisor to CEO and retiring in Q1 2026. Matt Miller has been promoted to Vice President and Chief Safety and Operations Officer, taking over Beacom's previous role. Miller, with 15 years at Landstar, will oversee operational matters relating to the company's capacity network of truck owner-operators and third-party truck brokerage carriers.

Landstar System annuncia importanti cambiamenti di leadership con effetto dal 1 dicembre 2024. Joe Beacom è stato nominato Presidente di Landstar System Holdings e delle sue aziende di servizi di trasporto basate su agenti, con l'intenzione di rimanere in carica fino alla fine del 2025 prima di passare a Consigliere Speciale del CEO e ritirarsi nel primo trimestre del 2026. Matt Miller è stato promosso a Vice Presidente e Chief Safety and Operations Officer, assumendo il precedente ruolo di Beacom. Miller, con 15 anni di esperienza in Landstar, supervisionerà le questioni operative relative alla rete di capacità della compagnia di trasportatori proprietari di camion e broker esterni di camion.

Landstar System anuncia cambios clave en el liderazgo que entrarán en vigor el 1 de diciembre de 2024. Joe Beacom ha sido nombrado Presidente de Landstar System Holdings y de sus empresas de servicios de transporte basadas en agentes, planeando servir hasta finales de 2025 antes de pasar a Asesor Especial del CEO y retirarse en el primer trimestre de 2026. Matt Miller ha sido promovido a Vicepresidente y Director de Seguridad y Operaciones, asumiendo el rol anterior de Beacom. Miller, con 15 años en Landstar, supervisará los asuntos operativos relacionados con la red de capacidad de propietarios de camiones y transportistas de corretaje externo.

Landstar System은 2024년 12월 1일부터 발효되는 주요 리더십 변화를 발표했습니다. Joe Beacom은 Landstar System Holdings 및 에이전트 기반 운송 서비스 회사의 사장으로 임명되었으며, 2025년 말까지 재직한 후 CEO의 특별 자문으로 전환하고 2026년 1분기에 은퇴할 계획입니다. Matt Miller는 부사장 및 안전 및 운영 책임자(Chief Safety and Operations Officer)로 승진하며, Beacom의 이전 역할을 맡게 됩니다. Miller는 Landstar에서 15년의 경력을 가진 인물로, 회사의 트럭 소유자-운영자 및 제3자 트럭 중개업체의 용량 네트워크와 관련된 운영 문제를 감독할 것입니다.

Landstar System annonce des changements clés au sein de sa direction, effectifs à partir du 1er décembre 2024. Joe Beacom a été nommé Président de Landstar System Holdings et de ses sociétés de services de transport basées sur des agents, prévoyant de rester en fonction jusqu'à la fin de 2025 avant de passer au poste de Conseiller Spécial du PDG et de prendre sa retraite au premier trimestre de 2026. Matt Miller a été promu Vice-Président et Directeur de la Sécurité et des Opérations, prenant le rôle précédent de Beacom. Miller, qui a 15 ans d'expérience chez Landstar, supervisera les questions opérationnelles liées au réseau de capacité en ce qui concerne les propriétaires de camions et les courtiers en transport tiers.

Landstar System kündigt zum 1. Dezember 2024 wichtige Änderungen in der Führungsebene an. Joe Beacom wurde zum Präsidenten von Landstar System Holdings und dessen agentenbasierten Transportdienstleistungsunternehmen ernannt, mit dem Plan, bis Ende 2025 zu dienen, bevor er in die Rolle des Sonderberaters des CEO wechselt und im ersten Quartal 2026 in den Ruhestand geht. Matt Miller wurde zum Vizepräsidenten und Chief Safety and Operations Officer befördert und übernimmt Beacoms vorherige Rolle. Miller, der 15 Jahre im Unternehmen Landstar tätig war, wird die operativen Angelegenheiten im Zusammenhang mit dem Kapazitätsnetzwerk des Unternehmens für Lkw-Eigentümer und Drittanbieter von Lkw-Vermittlungen überwachen.

Positive
  • Strategic leadership transition with experienced internal candidates
  • Planned, orderly succession process through 2026
  • Promotion of 15-year company veteran to executive leadership
Negative
  • Upcoming retirement of long-term executive (30-year veteran) in 2026

Names Beacom and Miller to Senior Positions

JACKSONVILLE, Fla., Nov. 15, 2024 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR) (“Landstar” or the “Company”), a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced today two changes to its executive leadership team, effective December 1, 2024:

  • Joe Beacom has been named President of Company subsidiary, Landstar System Holdings, Inc., and each of its agent-based transportation services companies.
  • Matt Miller has been named Vice President and Chief Safety and Operations Officer of the Company, succeeding Mr. Beacom in that role.

“With three decades of exemplary leadership and broad experience at Landstar, Joe is uniquely positioned to work across our executive leadership team to help accelerate our distinctive business model and drive our strategic growth initiatives forward in cooperation with our agents, owner-operators and truck brokerage carriers,” said Frank Lonegro, President and CEO of Landstar. Mr. Beacom has agreed to serve in this new capacity through the end of 2025, following which he will transition to the role of Special Advisor to the CEO before his anticipated retirement in the first quarter of 2026.

With his promotion to the Company’s executive leadership team, Mr. Miller will have enterprise responsibility for all operational matters relating to Landstar’s capacity network of truck owner-operators and third-party truck brokerage carriers. Mr. Miller’s expanded role continues to include responsibility for safety, compliance, trailer maintenance and utilization and operations solutions at Landstar. During his 15-year career at the Company, Mr. Miller has held positions of increasing responsibility in safety, operations, finance and risk management.

“I’m excited to welcome Matt to the Company’s executive leadership team. Matt’s wide-ranging experiences at Landstar and more broadly, his engaging leadership style and passion for safety position us well for the future with him at the helm of our operations,” said Lonegro. “I look forward to working directly with Joe and Matt in their new positions, as we continue to align the company for future growth and customer service excellence.”

About Landstar:
Landstar System, Inc. is a technology-enabled, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. Landstar transportation services companies are certified to ISO 9001:2015 quality management system standards and RC14001:2015 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.

Forward Looking Statements Disclaimer:
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements”. This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; the impact of the Russian conflict with Ukraine on the operations of certain independent commission sales agents, including the Company’s largest such agent by revenue in the 2023 fiscal year; decreased demand for transportation services; U.S. trade relationships; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; potential changes in taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; regulations requiring the purchase and use of zero-emissions and other air quality matters; intellectual property; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10-K for the 2023 fiscal year, described in Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.


FAQ

When will Joe Beacom become President at Landstar (LSTR)?

Joe Beacom will become President of Landstar System Holdings and its agent-based transportation services companies effective December 1, 2024.

Who is replacing Joe Beacom as Chief Safety and Operations Officer at Landstar (LSTR)?

Matt Miller has been named Vice President and Chief Safety and Operations Officer, succeeding Joe Beacom in that role effective December 1, 2024.

When will Joe Beacom retire from Landstar (LSTR)?

Joe Beacom is anticipated to retire in the first quarter of 2026, after serving as Special Advisor to the CEO following his role as President through the end of 2025.

What will be Matt Miller's responsibilities at Landstar (LSTR)?

Matt Miller will have enterprise responsibility for all operational matters relating to Landstar's capacity network of truck owner-operators, third-party truck brokerage carriers, safety, compliance, trailer maintenance and utilization, and operations solutions.

Landstar System Inc

NASDAQ:LSTR

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Integrated Freight & Logistics
Trucking (no Local)
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United States of America
JACKSONVILLE