Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.
August 2, 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 Tank Truck/Bulk Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | Kenan Advantage Group | 1,404,649 |
2 | Quality Carriers | 822,000 est |
3 | Trimac Transportation Services | 528,672 |
4 | Foodliner/Quest Liner | 317,062 |
5 | Heniff Transportation Systems | 293,000 |
6 | Quantix Supply Chain Solutions | 285,000 est |
7 | Superior Bulk Logistics | 277,000 est |
8 | Groendyke Transport | 245,295 |
9 | Ruan | 164,553 |
10 | Dupré Logistics | 147,916 |
11 | Eagle Transport Corp. | 141,127 |
12 | Martin Transport Inc. | 125,333 |
13 | Florida Rock & Tank Lines | 114,065 |
14 | United Petroleum Transports | 110,000 |
15 | Tankstar USA | 108,985 |
16 | Coastal Transport Co. | 95,331 |
17 | Apex Logistics | 92,543 |
18 | Cliff Viessman Inc. | 92,128 |
19 | J&M Tank Lines Inc. | 76,406 |
20 | Andrews Logistics | 73,926 |
21 | Grammer Industries | 73,158 |
22 | CCC Transportation/ CTL Transportation | 71,925 |
23 | Prime Inc. | 71,921 |
24 | CLI Transport | 64,563 |
25 | Transportes Auto Tanques Ochoa | 60,000 |
26 | Herman R. Ewell Inc. | 58,480 |
27 | Solar Transport | 57,825 |
28 | Service Transport Co. | 56,000 |
29 | Tidewater Transit Co. | 52,724 |
30 | Schilli Corp. | 52,421 |
31 | Sterling Transport Co. | 48,600 |
32 | Liquid Trucking Cos. | 41,683 |
33 | Mission Petroleum Carriers | 41,155 |
34 | NFI | 38,000 |
35 | Sprint Transport | 26,630 |
36 | Dixon Bros. | 25,492 |
37 | K-Limited Carrier | 24,041 |
38 | Carbon Express Inc. | 20,350 |
39 | Bulk Service Transport | 20,000 |
40 | Fleet Transit | 17,961 |
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
Hub Group Misses Analyst Expectations on Weak Q2 Market
Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls
Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.
XPO Q2 Profit Jumps as LTL Shipments Rise 4.5%
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.
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.