Profit and revenue at Landstar System Inc. fell in the second quarter of 2024, largely on the back of truckload market weakness.
August 1, 2024Top 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 |
Top For-Hire Carriers on this list are common and contract freight carriers operating in the United States, Canada and Mexico. Companies are ranked on the basis of annual revenue. To be included in the Top 100 or any of the sectors, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 100 list.
Extras
On the Bubble
Landstar Q2 Profits Dip Amid Dry Van Market Softness
Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
Estes Eyes 12% Terminal Door Total Increase in 2024
Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.
Saia Lifts Target for 2024 Terminal Openings to 21
Saia could open a large batch of terminals in 2024 as profits and revenue grow at the less-than-truckload carrier, largely on the back of facilities acquired from the estate of Yellow Corp.
TFI Eyes Large Truckload, LTL Acquisitions in 2025, 2026
TFI International’s ongoing acquisition spree is set to accelerate in 2025, with substantial truckload and less-than-truckload deals on the horizon, according to CEO Alain Bédard.
FAA Clears Drone Companies to Operate in Shared Airspace
The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.
Saia Q2 Profit, Revenue Rise on Former Yellow Facilities
Profits and revenues at Saia Inc. jumped in the second quarter of 2024 as the carrier continued to benefit from the collapse of erstwhile less-than-truckload rival Yellow Corp.
TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls
TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.
Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains
Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.
Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize
Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million.