FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
September 19, 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 Mail Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | FedEx Corp. | 1,678,856 |
2 | Salmon Cos. | 241,796 |
3 | 10 Roads Express | 191,952 |
4 | UPS Inc. | 168,963 |
5 | United Airlines | 161,131 |
6 | Postal Fleet Services | 100,892 |
7 | Matheson Trucking | 96,360 |
8 | Midwest Transport | 91,194 |
9 | American Airlines | 86,349 |
10 | Kalitta Air | 78,464 |
11 | Southern Mail Service | 77,275 |
12 | Delta Air Lines | 72,009 |
13 | Bancroft and Sons Transportation | 69,502 |
14 | URSA Logistics | 43,820 |
15 | Beco Inc. | 43,446 |
16 | Tracie McCormick Inc. | 41,559 |
17 | Alan Ritchey Inc. | 41,376 |
18 | B&B Trucking | 38,316 |
19 | Sodrel Truck Lines | 31,683 |
20 | Northern Air Cargo Inc. | 31,683 |
21 | Alaska Air Group | 30,991 |
22 | Postal Transport Inc. | 30,966 |
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
FedEx Cuts Forecast After Tough Quarter for Deliveries
USDOT Praises Trucking’s Efforts in New Trafficking Report
The report, three years in the making and made public on Sept. 6, lauds the trucking industry for its efforts to join the fight at high-level federal and state government agencies.
Efficiency Is Key as Freight Carriers Wait for Market Uptick
As carriers await an upturn in the freight environment, executives say they continue to seek efficiencies and prepare their fleets for when the tipping point comes.
Generative AI Driving Freight Brokerage Transformation
Efforts from established and newer enterprises to develop robust digital tools are being shaped by market demands and technological innovations.
USPS to End Discounts for Consolidators Including UPS, DHL
The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.
UPS to Acquire German Cold Chain Company
UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.
UPS to Lay Off More Employees to Boost Profitability
UPS Inc. is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.
Michigan to Allow Hazardous Transport on Ambassador Bridge
The decision, repealing measures in place since 2014, follows a six-month review of input from the public, law enforcement and first responders.
Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal
The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.
Truck Driver Pay Drops 7.4% in Q2 as Freight Keeps Slumping, Reports Say
The trucking industry continued to experience a decline in driver compensation during the second quarter, with much of that led by lackluster starting pay.