Landstar System, Inc. Q2 2010 Earnings Call Transcript

Landstar System, Inc. (LSTR)

Q2 2010 Earnings Call Transcript

July 14, 2010 5:00 pm ET

Executives

Henry Gerkens – Chairman, President and CEO

Jim Gattoni – VP and CFO

Pat O'Malley – Co-COO

Jim Handoush – Co-COO

Joe Beacom – VP and Chief Compliance, Security & Safety Officer

Analysts

Chris Ceraso – Credit Suisse

Justin Yagerman – Deutsche Bank

Tom Wadewitz – JP Morgan

Jon Langenfeld – Robert W. Baird & Co.

Ed Wolfe – Wolfe Trahan

Todd Fowler – Keybanc Capital Markets

Nate Brochmann – William Blair & Company

Sterling Adlakha – Stephens

Anthony Gallo – Wells Fargo

Matt Brooklier – Piper Jaffray

Tom Albrecht – BB&T

David Mack – Jay Goldman

Chaz Jones – Morgan Keegan

Presentation

Operator

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Good afternoon and welcome to the Landstar System, Inc.'s second quarter 2010 earnings release conference call. All lines will be in a listen-only mode until the formal question-and-answer session. Today's call is being recorded. (Operator Instructions)

Joining us today from Landstar are Henry Gerkens, Chairman, President and CEO; Jim Gattoni, Vice President and Chief Financial Officer; Pat O'Malley, Co-Chief Operating Officer; Jim Handoush, Co-Chief Operating Officer, and, Joe Beacom, VP and Chief Compliance, Security & Safety Officer.

Now, I would like to turn the call over to Mr. Henry Gerkens. Sir, you may begin.

Henry Gerkens

Thanks Doric. Good afternoon and welcome to the Landstar 2010 second quarter earnings conference call. This conference call will be limited to no more than one hour. In addition, please limit your questions to no more than two questions each when the question-and-answer period begins.