Mr. Tweed: Landair Transport is a company that originated as a contract carrier back in the early 1980s for a number of the airfreight companies -Flying Tigers, Burlington, CF, and Emery, to name a few. Mostly what we did then was contractual dedicated services, as we do today; however, we also operate a truckload division and a non-asset based logistics division. As the company grew, a separate entity called Forward Air, was spun-off and listed under the NASDAQ as FWRD. Landair Transport, Inc. (LAND) is the remaining portion of the original company.
TWST: How do your segments break down as far as revenue stream?
Mr. Tweed: Today about 50% of our business is in the general commodities
truckload, another 45% in dedicated contract carriage, and the remaining
5% in non-asset based logistics business.
Tickers included in this excerpt: LAND
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