Landstar Uses CargoNet from Verisk to Strengthen Supply Chain Security Program

January 1, 2011 / 3 min read

JERSEY CITY, N.J., October 4, 2010 (GLOBE NEWSWIRE) — Verisk Analytics, Inc., a leading source of information about risk, today announced that Landstar System, Inc., has engaged CargoNet® as part of Landstar’s supply chain security program. The program consists of creating and applying best practices, using the latest security technologies, and improving cargo theft information sharing with law enforcement. CargoNet is a division of Verisk’s new ISO Crime Analytics unit.

“Landstar has a long history of working with law enforcement and our third-party capacity providers, independent agents, and customers to support the safety and security of individuals and cargo,” said Joe Beacom, Landstar vice president and chief compliance, security, and safety officer. “From open discussions on security and cargo theft prevention during Landstar’s monthly Safety Thursday Conference Calls to customer-specific safety/security programs, adding CargoNet is just another way to help improve upon supply chain security.”

“Landstar brings a national footprint and overall focused approach to safety that stands out in today’s marketplace,” said Maurizio Scrofani, managing director of CargoNet. “Even with a 99 percent claim-free delivery rate, Landstar continues to strive to improve its results and clearly sees the value in CargoNet services. Data sharing between CargoNet and Landstar is one more step toward a collaborative industry approach to combat cargo theft and supply chain interruption.”

About Landstar
Landstar System, Inc. is a non-asset based provider of integrated supply chain solutions. Landstar delivers safe, specialized transportation, warehousing and logistics services to a broad range of customers worldwide utilizing a network of agents, third-party capacity owners and employees. All Landstar transportation companies are certified to ISO 9001:2008 quality management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.

About CargoNet
A division of Verisk’s ISO Crime Analytics unit, CargoNet® helps prevent cargo theft and increases recovery rates through secure and controlled information sharing between theft victims and their business partners and law enforcement. CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject-matter experts. CargoNet applies an integrated, layered approach that exploits the weakness of cargo thieves at multiple points and includes integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, the TruckStopWatch® program, driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis and loss control services, and training and education. More information on CargoNet can be found at www.cargonet.com or info@cargonet.com.

About Verisk Analytics
Verisk Analytics is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.

Release: Immediate

Media
Rich Tauberman
MWW Group (for Verisk Analytics)
202-600-4546
rtauberman@mww.com

Investor Relations
Eva Huston
Head of Investor Relations
Verisk Analytics, Inc.
201-469-2142
eva.huston@verisk.com