UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.
April 23, 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. | 2,001,155 |
2 | 10 Roads Express | 480,806 |
3 | Salmon Cos. | 212,776 |
4 | UPS Inc. | 205,556 |
5 | United Airlines | 167,471 |
6 | Postal Fleet Services | 161,273 |
7 | Mail Contractors of America | 122,546 |
8 | Matheson Trucking | 113,911 |
9 | Midwest Transport | 103,063 |
10 | Kalitta Air | 102,054 |
11 | Southern Mail Service | 101,238 |
12 | American Airlines | 98,047 |
13 | Evo Transportation & Energy Services | 97,704 |
14 | Delta Air Lines | 84,945 |
15 | Bancroft and Sons Transportation | 77,166 |
16 | Northern Aviation Services | 58,738 |
17 | B&B Trucking | 58,404 |
18 | Tracie McCormick Inc. | 50,158 |
19 | Beco Inc. | 48,265 |
20 | AJR Trucking | 40,315 |
21 | Alaska Air Group | 39,448 |
22 | XPO | 38,678 |
23 | Ravn Alaska | 38,179 |
24 | Sodrel Truck Lines | 35,873 |
25 | FLS Transportation Services | 35,552 |
26 | Davenport Transportation | 35,340 |
27 | MTC Transportation | 34,863 |
28 | Metro Air Service | 33,536 |
29 | Alan Ritchey Inc. | 32,652 |
30 | McCormick Trucking | 32,300 |
31 | Alaska Central Express | 32,277 |
32 | Everts Air Alaska | 31,211 |
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
UPS Reports 41% Earnings Drop During Q1
Five Auto Haulers to Merge as Backer Files for IPO
Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.
J.B. Hunt Reports $2.9 Billion Revenue for Q1
J.B. Hunt Transport Services Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 16.
Truck Software Developer Platform Science Raises $125M
Platform Science raised $125 million in capital to accelerate the launch of its software platform with additional truck manufacturers, a spokesperson for the company said April 16.
Amazon Becomes the Largest US Private EV Charging Operator
Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.
Kenan Advantage Group Owner Omers Exploring IPO
Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.
Roadrunner Opens Service Center in Atlanta
Roadrunner opened a new less-than-truckload service center in Atlanta, the longhaul freight carrier announced April 10.
Kodiak Forms Autonomous Truck Council With Walmart, UPS
Kodiak Robotics launched an advisory council to bolster its efforts to commercialize autonomous trucks with the help of trucking industry leaders, the company announced March 27.
Penske Sues Sacramento Over Environmental Plan
Penske Truck Leasing Co. has sued the city of Sacramento, Calif., alleging the city's environmental plan will harm the company's large North Sacramento facility.
UPS to Become the Primary Air Cargo Provider for USPS
UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.