The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
August 10, 2023Sponsored by:
2017 Essential Financial and Operating Information for the 100 largest For-Hire Carriers in North America
Up Front
The nation’s top for-hire carriers are taking steps to shore up capacity in anticipation of increasing demand for freight hauling and a tighter market for drivers.
Find out what carriers are doing to prepare for what looks like increased demand for freight hauling this year and next.
Rankings
Top 100 For-Hire | Less-Than-Truckload | Truckload/Dedicated | Intermodal/Drayage | Motor Vehicle/Driveaway | Tank/Bulk
Air/Expedited | Refrigerated | Flatbed/Heavy Specialized | Package/Courier | Household Goods/Commercial | Mail
Top Less-Than-Truckload Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | FedEx Freight | 6,352,000 |
| 2 | Yellow Corp. | 4,697,500 |
| 3 | XPO | 3,445,300 |
| 4 | Old Dominion Freight Line | 2,991,517 |
| 5 | UPS Inc. | 2,736,000 |
| 6 | Estes Express Lines | 2,400,000 |
| 7 | ABF Freight | 1,916,394 |
| 8 | R+L Carriers | 1,429,000 |
| 9 | Saia Inc. | 1,218,481 |
| 10 | Southeastern Freight Lines | 975,884 |
| 11 | Averitt Express | 717,000 est |
| 12 | Central Transport | 703,000 est |
| 13 | TFI International | 610,263 |
| 14 | AAA Cooper Transportation | 518,000 est |
| 15 | Dayton Freight Lines | 489,277 |
| 16 | Roadrunner Freight | 461,000 |
| 17 | New England Motor Freight | 398,000 |
| 18 | Pitt Ohio | 397,000 est |
| 19 | A. Duie Pyle | 290,000 est |
| 20 | Day & Ross Freight | 249,673 |
| 21 | Autotransportes de Carga Tresguerras | 217,000 |
| 22 | Transportes Castores de Baja California | 207,200 |
| 23 | Central Freight Lines | 206,000 |
| 24 | Daylight Transport | 195,000 |
| 25 | Oak Harbor Freight Lines | 194,000 |
| 26 | Carlile | 180,000 |
| 27 | Ward Trucking | 153,000 |
| 28 | Forward Air | 148,600 |
| 29 | Wilson Logistics | 141,800 |
| 30 | Lakeville Motor Express | 126,000 |
| 31 | Celadon Group Inc. | 125,000 |
| 32 | Fastfrate Group | 111,371 |
| 33 | TransX Group of Companies | 97,446 |
| 34 | Midwest Motor Express | 95,400 |
| 35 | Servicio de Transportacion Jaguar | 88,800 |
| 36 | Transportadora Hercel / Transportadores Unidos (Grupo Transportes) | 84,900 |
| 37 | Dependable Highway Express | 77,373 |
| 38 | Landstar System | 74,530 |
| 39 | Transportes Comandos del Norte | 59,200 |
| 40 | Anderson Trucking Service | 53,310 |
| 41 | Transportes de Carga FEMA | 52,300 |
| 42 | Autotransportes de Carga El Duero / Fletes El Duero | 41,400 |
| 43 | Transportes del Valle | 40,500 |
| 44 | Transportes Leon-Mexico | 33,500 |
| 45 | Fletes y Materiales Forsis | 29,400 |
| 46 | Spee-Dee Delivery Service | 14,000 |
Extras
About Us: Transport Topics' Top 100 For-Hire Carriers
101
On the Bubble
Melton Truck Lines Inc.
($222 million), Based in Tulsa, Okla, this company provides freight brokerage and transportation management services and sells equipment through a subsidiary called Liberty Truck and Trailer Leasing.
If your company appears on the 2017 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
For-Hire News
Business, Logistics, For-Hire
Trucking Industry Reports Predictably Weak Q2
Government, Business, For-Hire
Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.
August 9, 2023Business, For-Hire
Searches for UPS Jobs Soar Following Union Deal
UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.
August 8, 2023Business, Logistics, For-Hire
UPS Lost More Business Than Expected on Strike Threat
Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
August 8, 2023Government, Business, Breaking News, For-Hire
Yellow Files for Chapter 11 Bankruptcy
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
August 7, 2023Business, Logistics, For-Hire
XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023Government, Business, Logistics, For-Hire
Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.
August 3, 2023Business, Logistics, For-Hire
Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.
August 3, 2023Business, Equipment, Logistics, For-Hire
Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
August 3, 2023Business, Logistics, For-Hire
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.
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