FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new CEO Raj Subramaniam.
June 14, 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 Package/Courier Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | UPS Inc. | 58,035,000 |
2 | FedEx Corp. | 57,428,000 |
3 | Purolator | 1,078,043 |
4 | OnTrac Inc. | 562,000 est |
5 | TFI International | 488,575 |
6 | LaserShip Inc./OnTrac Inc. | 435,000 est |
7 | General Logistics Systems | 179,826 |
8 | Spee-Dee Delivery Service | 154,000 |
9 | Transportes Pitic | 88,900 |
10 | Pace Runners | 59,000 |
11 | Koch Cos. | 37,080 |
12 | Pitt Ohio | 33,132 |
13 | Day & Ross | 28,480 |
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 Boosts Dividend, Shakes Up Board
Schneider Acquires deBoer Transportation
Schneider National announced June 7 that it has closed an acquisition on fellow Wisconsin-based carrier deBoer Transportation, a regional and dedicated carrier headquartered in Blenker.
June 8, 2022XPO, Google Cloud Collaborate to Improve Supply Chains
XPO Logistics Inc. and Google Cloud joined forces on a multiyear collaboration to improve supply chains, the companies announced June 6.
June 7, 2022XPO’s SEC Filing Advances Spinoff of Brokerage Platform
XPO Logistics Inc. has filed a confidential Form 10 registration statement with the U.S. Securities and Exchange Commission for the planned spinoff of its tech-enabled brokered transportation platform, the company announced.
June 6, 2022FedEx-Backed Freightos to Go Public
Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.
Trailer Manufacturers, Suppliers Aim to Help Fleets Curb Fuel Costs
Fleets and shippers have found that monitoring trailer performance plays an important role in achieving optimal fuel savings.
IndiGo Founder Partners With UPS for Logistics Venture
The biggest shareholder of India’s largest airline, IndiGo, teamed up with UPS Inc. to tap the South Asian nation’s growing logistics market.
Fleets Find Challenges in Rising Maintenance Costs, Parts Shortages
With a laundry list of hurdles facing many trucking companies, the focus on preventive maintenance becomes clearer as fleets are adding alternative suppliers and providers, and stockpiling inventory to help control costs and reduce downtime.
U.S. Xpress Cuts 70 Corporate, IT Jobs
After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.
Trucking Continues to See Robust M&A Market
Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.