Less-than-truckload carrier Yellow Corp. announced first-quarter earnings May 3 that missed Wall Street revenue and income expectations.
May 4, 2023Sponsored by:
2017 Essential Financial and Operating Information for the 100 largest For-Hire Carriers in North America
Up Front
The nation’s top for-hire carriers are taking steps to shore up capacity in anticipation of increasing demand for freight hauling and a tighter market for drivers.
Find out what carriers are doing to prepare for what looks like increased demand for freight hauling this year and next.
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 Refrigerated (Truckload & LTL) Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | C.R. England | 1,304,898 |
| 2 | Prime Inc. | 1,060,815 |
| 3 | KLLM Transport Services | 937,000 |
| 4 | Stevens Transport | 662,450 |
| 5 | Marten Transport | 375,851 |
| 6 | Swift Refrigerated | 341,280 |
| 7 | TransAm Trucking | 270,000 |
| 8 | Hirschbach Motor Lines | 251,697 |
| 9 | John Christner Trucking | 236,625 |
| 10 | Shaffer Trucking | 210,000 |
| 11 | May Trucking Co. | 199,601 |
| 12 | Roadrunner Freight | 171,000 |
| 13 | Covenant Logistics Group | 167,662 |
| 14 | Frialsa Logistica | 127,100 |
| 15 | CanXpress | 122,867 |
| 16 | NFI | 122,000 |
| 17 | J&R Schugel Trucking | 114,000 |
| 18 | National Carriers | 108,000 |
| 19 | WEL Cos. | 106,250 |
| 20 | Decker Truck Line | 104,000 |
| 21 | MCT Transportation | 84,018 |
| 22 | Freymiller Inc. | 84,000 |
| 23 | Continental Express | 80,000 |
| 24 | Bay and Bay Transportation | 74,808 |
| 25 | Day & Ross | 62,450 |
| 26 | Cowan Systems | 38,881 |
| 27 | Roehl Refrigerated Transport | 36,213 |
| 28 | TWT Refrigerated | 35,300 |
| 29 | Maverick USA | 33,495 |
| 30 | CRST The Transportation Solution | 31,000 |
| 31 | Transportes Garza Leal | 30,600 |
| 32 | Celadon Group Inc. | 30,000 |
| 33 | Transport Investments | 4,539 |
Extras
About Us: Transport Topics' Top 100 For-Hire Carriers
102
On the Bubble
Autotransportes de Carga Tresguerras
($217 million), This Mexican fleet, based in the central state of Guanajuato, has been in business since 1935 and operates a fleet of 1,000 tractors and 450 straight trucks, providing less-than-truckload and truckload freight service to 400 cities through 48 offices and 15 warehouses.
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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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