Analysts are expecting more players to take part in an upcoming auction for the 169 terminals owned by Yellow Corp. beyond those who already have raised their hands.
August 24, 2023Top 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 | 7,489,000 |
2 | Yellow Corp. | 5,092,000 |
3 | Old Dominion Freight Line | 4,043,695 |
4 | XPO | 3,800,000 |
5 | UPS Inc. | 3,218,000 |
6 | Estes Express Lines | 3,160,000 |
7 | ABF Freight | 2,175,585 |
8 | R+L Carriers | 1,692,000 |
9 | Saia Inc. | 1,653,849 |
10 | Southeastern Freight Lines | 1,148,092 |
11 | Averitt Express | 890,849 |
12 | Central Transport | 825,000 |
13 | TFI International | 816,081 |
14 | Dayton Freight Lines | 659,000 |
15 | Pitt Ohio | 616,000 est |
16 | AAA Cooper Transportation | 606,000 |
17 | Roadrunner Freight | 452,281 |
18 | A. Duie Pyle | 350,800 |
19 | Day & Ross Freight | 312,395 |
20 | Daylight Transport | 265,000 |
21 | Central Freight Lines | 248,000 |
22 | Autotransportes de Carga Tresguerras | 244,500 |
23 | Transportes Castores de Baja California | 233,500 |
24 | Oak Harbor Freight Lines | 220,194 |
25 | Forward Air | 194,100 |
26 | Ward Trucking | 189,000 |
27 | Transportes Julian de Obregon | 183,400 |
28 | Fastfrate Group | 151,400 |
29 | Standard Forwarding | 119,000 |
30 | Midwest Motor Express | 118,000 |
31 | Landstar System | 102,531 |
32 | Transportadora Hercel / Transportadores Unidos (Grupo Transportes) | 95,700 |
33 | Dependable Highway Express | 86,000 |
34 | Peninsula Truck Lines | 72,379 |
35 | Anderson Trucking Service | 69,857 |
36 | Transportes Comandos del Norte | 66,700 |
37 | Transportes de Carga FEMA | 58,900 |
38 | Autotransportes de Carga El Duero / Fletes El Duero | 46,700 |
39 | Transportes del Valle | 45,600 |
40 | TransAmerica Express Logistics | 40,000 |
41 | Transportes Leon-Mexico | 37,700 |
42 | Fletes y Materiales Forsis | 33,200 |
43 | Highlight Motor Group | 26,286 |
44 | Atlas World Group | 21,700 |
45 | TGR Logistics | 19,000 |
46 | CalArk | 14,005 |
47 | Bison Transport | 13,368 |
48 | Sorenson Transport | 13,365 |
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
Yellow’s Terminals: Analysts Expect More Bids
Yellow’s Shutdown Opens Up LTL Market for Competitors
The Yellow Corp. shutdown is having a downstream effect on the less-than-truckload space as freight volumes flow toward competitors.
Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics
A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.
UPS Workers Approve New Union Contract
The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.
Estes Offers $1.3 Billion for Yellow Terminals
Estes Express Lines is in line to buy the terminals of bankrupt less-than-truckload rival Yellow Corp. after submitting a $1.3 billion bid, a court heard Aug. 17.
Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
Yellow Looks to Finalize Bankruptcy Loan
Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.
Forward Air Plans Merger With Omni Logistics
Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction.
Trucking Industry Reports Predictably Weak Q2
The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
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, 2023