JACKSONVILLE, Fla., Aug. 3 /PRNewswire-FirstCall/ -- Landstar System, Inc. (Nasdaq: LSTR), a safety-first non-asset-based provider of global transportation and logistics services, announced today that it has been authorized by its Board of Directors to purchase up to an additional 2 million shares of its common stock from time to time in the open market and in privately negotiated transactions. This new share purchase authorization comes as the Company has recently completed its previously authorized share purchase program by purchasing 1,282,279 shares of its common stock during July and early August. This brings the total number of shares purchased during the 2006 fiscal year to 2,525,227. Landstar currently has 56,948,524 shares of common stock outstanding.

Since January 1997, the Company has purchased more than 55 million shares of its common stock, adjusted to reflect all previous stock splits, at an aggregate cost of approximately $541 million.

"This new share purchase authorization along with the recently announced increase in the Company's quarterly dividend payment are part of the Company's ongoing effort to return value to its stockholders and represents an expression of the Board of Directors' continuing confidence in the Company," said Landstar President and CEO Henry Gerkens.

About Landstar:

Landstar System, Inc. delivers safe, specialized transportation services to a broad range of customers worldwide. The Company identifies and fulfills shippers' needs through the coordination of individual businesses comprised of independent sales agents and third-party transportation capacity providers. Landstar's carrier group, which is comprised of Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc., Landstar Ranger, Inc. and Landstar Carrier Services, Inc., delivers excellence in complete over-the-road transportation services. Landstar's global logistics group, which is comprised of Landstar Global Logistics, Inc. and its subsidiaries Landstar Express America, Inc. and Landstar Logistics, Inc., provides international and domestic multimodal (over-the-road, air, ocean and rail) transportation, expedited, contract logistics and warehousing services. All Landstar operating companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market(R) under the symbol LSTR.

SOURCE Landstar System, Inc.

/CONTACT: Bob LaRose, Landstar System, Inc., +1-904-398-9400/ /Web site: http://www.landstar.com / (LSTR)