XPO profit jumped in the second quarter as revenue increased 8% on the back of a 4.5% increase in North American LTL shipments and 7.4% rise in the return obtained for those shipments.
August 1, 2024![Image](/sites/default/files/images/logos/top100forhiredash_1_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 Refrigerated (Truckload & LTL) Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | Prime Inc. | 1,623,776 |
2 | C.R. England | 1,405,411 |
3 | KLLM Transport Services | 959,000 |
4 | Stevens Transport | 694,980 |
5 | Swift Refrigerated | 539,307 est |
6 | Marten Transport | 380,210 |
7 | TransAm Trucking | 280,000 est |
8 | Hirschbach Motor Lines | 278,494 |
9 | Navajo Express | 238,000 est |
10 | Shaffer Trucking | 220,000 |
11 | John Christner Trucking | 214,017 |
12 | May Trucking Co. | 203,337 |
13 | Black Horse Carriers | 185,000 |
14 | Covenant Logistics Group | 162,150 |
15 | Roadrunner Freight | 156,000 |
16 | NFI | 153,300 |
17 | Frialsa Logistica | 135,600 |
18 | CanXpress | 120,507 |
19 | J&R Schugel Trucking | 119,000 est |
20 | Decker Truck Line | 106,206 |
21 | WEL Cos. | 106,042 |
22 | National Carriers | 102,000 |
23 | Bay and Bay Transportation | 101,000 |
24 | Freymiller Inc. | 84,000 est |
25 | MCT Transportation | 76,337 |
26 | Day & Ross | 75,561 |
27 | Roehl Refrigerated Transport | 49,311 |
28 | Cowan Systems | 39,119 |
29 | Maverick USA | 35,207 |
30 | Transportes Garza Leal | 32,700 |
31 | CRST The Transportation Solution | 30,000 |
32 | TWT Refrigerated | 30,000 |
33 | Challenger Motor Freight | 14,008 |
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
XPO Q2 Profit Jumps as LTL Shipments Rise 4.5%
Landstar Q2 Profits Dip Amid Dry Van Market Softness
Profit and revenue at Landstar System Inc. fell in the second quarter of 2024, largely on the back of truckload market weakness.
Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
Estes Eyes 12% Terminal Door Total Increase in 2024
Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.
Saia Lifts Target for 2024 Terminal Openings to 21
Saia could open a large batch of terminals in 2024 as profits and revenue grow at the less-than-truckload carrier, largely on the back of facilities acquired from the estate of Yellow Corp.
TFI Eyes Large Truckload, LTL Acquisitions in 2025, 2026
TFI International’s ongoing acquisition spree is set to accelerate in 2025, with substantial truckload and less-than-truckload deals on the horizon, according to CEO Alain Bédard.
FAA Clears Drone Companies to Operate in Shared Airspace
The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.
Saia Q2 Profit, Revenue Rise on Former Yellow Facilities
Profits and revenues at Saia Inc. jumped in the second quarter of 2024 as the carrier continued to benefit from the collapse of erstwhile less-than-truckload rival Yellow Corp.
TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls
TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.
Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains
Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.