Less-than-truckload carrier Yellow Corp. announced first-quarter earnings May 3 that missed Wall Street revenue and income expectations.
May 4, 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
106
On the Bubble
Groendyke Transport
($206 million), Founded in 1932 by Harold Groendyke and now headed by his son John Groendyke, this family-owned carrier based in Enid, Okla., operates a fleet of 913 company-owned tractors and 1,693 tank truck trailers.
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For-Hire News
Government, Logistics, For-Hire
Yellow Reports Q1 Loss
Business, Technology, Fuel, Logistics, For-Hire
Ryder Introduces Electric Vehicle Service
ANAHEIM, Calif. — Ryder System Inc. has introduced an electric vehicle program that includes advisers, electric vehicle leasing, vehicle charging, telematics and maintenance services.
May 2, 2023Business, Equipment, For-Hire
Forward Air Reports Revenue and Earnings Decline for Q1
Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
May 1, 2023Business, Technology, Equipment, Logistics, For-Hire, Global Freight
FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
May 1, 2023Business, Equipment, For-Hire, TCA
Penske to Acquire Michigan-Based Star Truck Rentals
Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.
May 1, 2023Business, Logistics, For-Hire
Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
April 28, 2023Business, Logistics, For-Hire
Universal Logistics Reports Weaker Q1 Amid Softening Market
Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
April 28, 2023Business, Logistics, For-Hire
Landstar Reports Revenue and Earnings Decline for Q1
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.
April 27, 2023Business, Equipment, Logistics, For-Hire
Ryder Q1 Profit Slides on Lower Used Vehicle Sale Prices
Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations.
April 27, 2023Business, Equipment, For-Hire
Wabash Q1 Profit Jumps as Sales, Order Backlog Soar
Profits at trailer manufacturer Wabash jumped year-over-year in the three months ending March 31 as sales and margins rose while order backlog soared.
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