Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.
May 12, 2022Top 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
Trucking Continues to See Robust M&A Market
Yellow Narrows Losses, Outlines Goals
Yellow Corp. posted its best first-quarter results in six years as losses narrowed and revenue increased, the company announced May 10.
VTNA Gets Orders for 90 More VNR Electric Trucks
LONG BEACH, Calif. — Volvo Trucks North America announced NFI Industries and Quality Custom Distribution, between them, placed orders for an additional 90 Volvo VNR Electric Class 8 vehicles.
U.S. Xpress Reports Earnings Loss Despite Revenue Gains
U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.
China’s Port Lockdowns Threaten Domestic Trucking
China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.
Werner Reports 24% Increase in Revenue for Q1
Werner Enterprises posted net income of $53.7 million, or 82 cents a diluted share, for the first quarter, compared with $46.5 million, 68 cents, during the same time the previous year, the company reported May 3.
Daseke Reports 26% Rise in Revenue for Q1
Daseke Inc. experienced a 26% increase in revenue year-over-year for the first quarter, the company reported May 3.
Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals
LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.
Saia Reports 112% Increase in Earnings for Q1
Saia Inc. experienced a 112% year-over-year increase in total earnings for the first quarter, the company reported May 2.
USA Truck Reports Earnings, Revenue Growth for Q1
USA Truck posted increased year-over-year profits and revenue during the first quarter, the company reported April 28.