FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
November 14, 2022![Image](/sites/default/files/images/logos/top100forhirelogo_0.png)
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 Package/Courier Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | UPS Inc. | 60,713,000 |
2 | FedEx Corp. | 57,558,000 |
3 | Purolator | 1,166,279 |
4 | OnTrac Inc. | 618,000 est |
5 | TFI International | 473,644 |
6 | LaserShip Inc./OnTrac Inc. | 452,000 est |
7 | Diligent Delivery Systems | 157,080 |
8 | Spee-Dee Delivery Service | 151,400 |
9 | Pace Runners | 59,000 est |
10 | Day & Ross | 39,914 |
11 | Auto Express Tijuana Mexico | 38,600 est |
12 | Pitt Ohio | 33,132 |
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 Freight Unit Furloughs Workers as Cargo Demand Slows
GXO Reports Higher Revenue, Lower Earnings for Q3
GXO Logistics Inc. reported revenue growth and a decline in earnings in its third-quarter report released Nov. 8.
Werner Reports Revenue Increase for Q3
Werner Enterprises saw revenue rise but income decline during the third quarter of 2022, the company reported Nov. 2.
XPO Spinoff RXO Officially Launches
XPO Logistics Inc. turned its tech-enabled brokered transportation platform, RXO, into an independent, publicly traded company Nov. 1.
Landstar Reports Highest Revenue for Any Q3
Landstar System Inc.’s revenue and diluted earnings per share both set third-quarter records, the company reported Oct. 19.
October 20, 2022J.B. Hunt Reports $3.84 Billion in Revenue for Q3
J.B. Hunt Transport Services Inc. saw revenue and earnings increase as a result of strong segment growth during the third quarter, the company reported Oct. 18, besting analysts’ expectations.
Marten Reports 15th Consecutive Increase in Quarterly Profitability
Marten Transport reported its 15th consecutive year-over-year increase in quarterly profitability Oct. 17, but still the results missed analysts’ expectations.
NFI Acquires MCO Transport to Bolster Southeastern Port Operations
North American supply chain solutions company NFI has acquired southeastern port service solutions provider MCO Transport Inc., the company announced Oct. 10.
XPO Board of Directors Approves RXO Spinoff
XPO Logistics Inc. received board approval to spin off its technology-based brokered operations into a stand-alone business, the company announced Oct. 10.
Industry Works to Make Tractor-Trailer Connections More Efficient
Fleets are looking for solutions — some of them low-tech — to ensure trucks and trailers talk to each other now.