The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
August 10, 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 Truckload/Dedicated Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | Swift Truckload | 3,019,295 |
| 2 | Schneider | 2,090,953 |
| 3 | J.B. Hunt Transport Services | 1,920,950 |
| 4 | Landstar System | 1,900,406 |
| 5 | Werner Enterprises | 1,533,981 |
| 6 | Penske Logistics | 1,500,000 |
| 7 | U.S. Xpress Enterprises | 1,320,000 |
| 8 | TFI International | 1,231,714 |
| 9 | Ryder Dedicated Transportation Solutions | 1,020,895 |
| 10 | Cardinal Logistics | 935,000 |
| 11 | CRST The Transportation Solution | 905,000 |
| 12 | Knight-Swift Transportation | 900,368 |
| 13 | Celadon Trucking Services | 850,000 |
| 14 | Crete Carrier Corp. | 780,000 |
| 15 | Universal Truckload | 629,200 |
| 16 | Heartland Express | 612,937 |
| 17 | Ruan | 524,127 |
| 18 | Mullen Group | 520,272 |
| 19 | Canada Cartage | 452,728 |
| 20 | P.A.M. Transport | 432,852 |
| 21 | Mesilla Valley Transportation | 402,940 |
| 22 | Covenant Logistics Group | 375,564 |
| 23 | Interstate Distributor Co. | 370,168 |
| 24 | Dart Transit Co. | 349,031 |
| 25 | Black Horse Carriers | 337,500 |
| 26 | Western Express | 315,095 |
| 27 | NFI | 315,000 |
| 28 | Bison Transport | 304,782 |
| 29 | USA Truck | 295,807 |
| 30 | Cowan Systems | 258,761 |
| 31 | Challenger Motor Freight | 258,006 |
| 32 | Hub Group Dedicated | 250,000 |
| 33 | Martin Transportation Systems | 237,500 |
| 34 | Paschall Truck Lines | 232,896 |
| 35 | Epes Carriers Inc. | 216,652 |
| 36 | Roehl Transport | 207,048 |
| 37 | Southeastern Freight Lines | 206,673 |
| 38 | Auto Lineas America | 169,600 |
| 39 | Brown Trucking Co. | 168,218 |
| 40 | Forward Air | 164,300 |
| 41 | Marten Transport | 157,370 |
| 42 | Anderson Trucking Service | 156,577 |
| 43 | Transportistas Unidos Mexicano | 141,000 |
| 44 | Transportadora Nacional | 136,100 |
| 45 | Stan Koch & Sons Trucking | 132,440 |
| 46 | Transportes Cuauhtemoc | 127,200 |
| 47 | Trans-Mex Inc. | 111,000 |
| 48 | Day & Ross Freight | 100,433 |
| 49 | A.D. Transport Express | 100,000 |
| 50 | CalArk | 99,434 |
| 51 | Auto Lineas Regiomontanas | 97,600 |
| 52 | Titanium Transportation Group | 91,258 |
| 53 | Raven Transport | 89,000 |
| 54 | TransX Group of Companies | 88,972 |
| 55 | Titan Transfer | 87,808 |
| 56 | Grupo TMM / Lacto Comercial Organizada | 85,800 |
| 57 | Abilene Motor Express | 85,350 |
| 58 | Mercer Transportation | 83,178 |
| 59 | J. Rayl Transport | 76,408 |
| 60 | System Freight | 76,407 |
| 61 | SLH Transport | 71,003 |
| 62 | Express Tres Fronteras | 71,000 |
| 63 | Transportes Quintanilla | 65,100 |
| 64 | Central de Fletes Monterrey / Transportes Gonzalez (Grupo MG) | 64,100 |
| 65 | Transportadora Egoba | 62,100 |
| 66 | Transportes Especializados Antonio de la Torre e Hijos | 61,200 |
| 67 | Freight Exchange | 60,000 |
| 68 | Transportes de Nuevo Laredo | 58,200 |
| 69 | Star Transportation | 53,652 |
| 70 | Transportes Lar-Mex | 53,300 |
| 71 | Fletes Internacionales Coss | 51,300 |
| 72 | Evans Delivery | 50,500 |
| 73 | Dupré Logistics | 47,677 |
| 74 | Transportes Lopez e Hijos | 43,400 |
| 75 | TRACOMEX | 42,400 |
| 76 | Transportes Elola | 39,400 |
| 77 | Transportes Internacionales JCV | 38,400 |
| 78 | Ryder Capital | 37,000 |
| 79 | Transportes Canales | 36,500 |
| 80 | Centauros del Sureste | 31,700 |
| 81 | Transportes Unidos Tampiquenos | 31,600 |
| 82 | Autotransportes Rapidos de Aguascalientes | 31,400 |
| 83 | Grupo GOR | 31,200 |
| 84 | Transportes Sultana | 29,500 |
| 85 | Autotransportes Dasa | 28,600 |
| 86 | Shevell Group | 20,000 |
| 87 | Fastfrate Group | 16,600 |
| 88 | Bolt Express | 14,555 |
Extras
About Us: Transport Topics' Top 100 For-Hire Carriers
103
On the Bubble
PGT Holdings
($214 million), Patrick Gallagher is chairman and CEO and Gregg Troian is president of this flatbed/heavy specialized carrier based in Monaca,Penn. The company has a fleet of 560 company-owned tractors and another 460 tractors provided by owner operators. A subsidiary called Southern Pines Trucking provides cyrogenic transportation services.
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For-Hire News
Business, Logistics, For-Hire
Trucking Industry Reports Predictably Weak Q2
Government, Business, For-Hire
Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.
August 9, 2023Business, For-Hire
Searches for UPS Jobs Soar Following Union Deal
UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.
August 8, 2023Business, Logistics, For-Hire
UPS Lost More Business Than Expected on Strike Threat
Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
August 8, 2023Government, Business, Breaking News, For-Hire
Yellow Files for Chapter 11 Bankruptcy
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
August 7, 2023Business, Logistics, For-Hire
XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023Government, Business, Logistics, For-Hire
Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.
August 3, 2023Business, Logistics, For-Hire
Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.
August 3, 2023Business, Equipment, Logistics, For-Hire
Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
August 3, 2023Business, Logistics, For-Hire
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.
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