Less-than-truckload carrier Yellow Corp. announced first-quarter earnings May 3 that missed Wall Street revenue and income expectations.
May 4, 2023Sponsored by:
2016 Essential Financial and Operating Information for the 100 largest For-Hire Carriers in the U.S. and Canada
Up Front
Learn how to be included in the 2017 Top 100 For-Hire Carriers listing.
TT’s Dan Bearth hosted a livestream panel discussion on the disruptive influences affecting trucking.
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 Mail Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | FedEx Corp. | 1,371,942 |
| 2 | Salmon Cos. | 229,166 |
| 3 | United Airlines | 196,698 |
| 4 | UPS Inc. | 153,873 |
| 5 | Kalitta Air | 96,666 |
| 6 | Delta Air Lines | 93,439 |
| 7 | 10 Roads Express | 92,036 |
| 8 | American Airlines | 81,944 |
| 9 | Matheson Trucking | 80,188 |
| 10 | Beam Brothers Trucking | 76,180 |
| 11 | Midwest Transport | 74,578 |
| 12 | Bancroft and Sons Transportation | 57,185 |
| 13 | Postal Fleet Services | 53,247 |
| 14 | Beco Inc. | 40,556 |
| 15 | Southern Mail Service | 38,159 |
| 16 | Tracie McCormick Inc. | 34,883 |
| 17 | Sodrel Truck Lines | 32,952 |
| 18 | Northern Air Cargo Inc. | 31,895 |
| 19 | B&B Trucking | 31,630 |
| 20 | Alan Ritchey Inc. | 31,610 |
| 21 | Alaska Air Group | 30,786 |
Extras
North America’s for-hire carriers face an onslaught of regulations and potential disruption from technologies.
101
On the Bubble
Navajo Express Inc.
($175 million), is a refrigerated truckload carrier based in Denver, Colorado.
If your company appears in the 2016 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
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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