FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.
March 21, 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 Truckload/Dedicated Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | Knight-Swift Transportation | 3,636,472 est |
2 | Schneider | 2,187,400 |
3 | Landstar System | 2,163,832 |
4 | J.B. Hunt Transport Services | 2,096,920 |
5 | TFI International | 1,797,453 |
6 | Penske Logistics | 1,700,000 |
7 | Werner Enterprises | 1,635,244 |
8 | U.S. Xpress Enterprises | 1,400,000 |
9 | Ryder Dedicated Transportation Solutions | 1,096,000 |
10 | CRST The Transportation Solution | 945,000 |
11 | Crete Carrier Corp. | 850,000 |
12 | Hub Group Dedicated | 822,410 |
13 | Cardinal Logistics | 720,000 |
14 | Mullen Group | 627,372 |
15 | Heartland Express | 607,336 |
16 | Ruan | 590,968 |
17 | Canada Cartage | 546,309 |
18 | Covenant Logistics Group | 437,100 |
19 | Mesilla Valley Transportation | 430,261 |
20 | Universal Truckload | 396,419 |
21 | P.A.M. Transport | 377,854 |
22 | Dart Transit Co. | 367,214 |
23 | Western Express | 330,000 |
24 | Bison Transport | 327,847 |
25 | NFI | 311,300 |
26 | USA Truck | 302,052 |
27 | Cowan Systems | 266,683 |
28 | Martin Transportation Systems | 261,403 |
29 | Challenger Motor Freight | 258,734 |
30 | Paschall Truck Lines | 238,523 |
31 | Epes Carriers Inc. | 230,767 |
32 | Day & Ross Freight | 228,264 |
33 | Black Horse Carriers | 227,500 |
34 | Evans Delivery | 226,000 |
35 | Roehl Transport | 214,209 |
36 | Southeastern Freight Lines | 209,096 |
37 | Auto Lineas America | 181,000 |
38 | Averitt Express | 180,248 |
39 | Forward Air | 171,970 |
40 | Marten Transport | 166,881 |
41 | Anderson Trucking Service | 163,891 |
42 | Brown Trucking Co. | 160,000 |
43 | Transportistas Unidos Mexicano | 150,400 |
44 | Transportadora Nacional | 145,200 |
45 | Stan Koch & Sons Trucking | 137,234 |
46 | Transportes Cuauhtemoc | 135,700 |
47 | Wilson Logistics | 135,447 |
48 | Pitt Ohio | 126,788 |
49 | A.D. Transport Express | 120,000 |
50 | Trans-Mex Inc. | 118,400 |
51 | Artur Express | 110,000 |
52 | Titanium Transportation Group | 106,790 |
53 | Auto Lineas Regiomontanas | 104,100 |
54 | Kriska Transportation | 102,625 |
55 | G&D Integrated | 101,300 |
56 | Mercer Transportation | 96,562 |
57 | CalArk | 93,657 |
58 | Grupo TMM / Lacto Comercial Organizada | 91,500 |
59 | Titan Transfer | 82,262 |
60 | System Freight | 82,227 |
61 | Legend Transportation | 82,000 |
62 | Express Tres Fronteras | 75,800 |
63 | TransX Group of Companies | 74,797 |
64 | Transportes Quintanilla | 69,500 |
65 | Central de Fletes Monterrey / Transportes Gonzalez (Grupo MG) | 68,400 |
66 | Transportadora Egoba | 66,300 |
67 | Transportes Especializados Antonio de la Torre e Hijos | 65,300 |
68 | Transportes de Nuevo Laredo | 62,100 |
69 | Fleetmaster Express | 61,000 |
70 | Transportes Lar-Mex | 56,900 |
71 | Dupré Logistics | 55,542 |
72 | Fletes Internacionales Coss | 54,700 |
73 | Transportes Lopez e Hijos | 46,300 |
74 | TRACOMEX | 45,200 |
75 | Transportes Elola | 42,000 |
76 | Transportes Internacionales JCV | 41,000 |
77 | Ryder Capital | 39,500 |
78 | Transportes Canales | 38,900 |
79 | Centauros del Sureste | 33,800 |
80 | Transportes Unidos Tampiquenos | 33,700 |
81 | Autotransportes Rapidos de Aguascalientes | 33,500 |
82 | Grupo GOR | 33,300 |
83 | Transportes Sultana | 31,500 |
84 | Autotransportes Dasa | 30,500 |
85 | A. Duie Pyle | 28,500 |
86 | Fastfrate Group | 21,341 |
87 | Transport Investments | 20,581 |
88 | Market Express | 15,831 |
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 Plans $5 Billion Buyback of Shares
Aerolane Seeks to Use Freighter Planes to Pull Cargo Gliders
Aerolane is testing a business plan to pull cargo gliders with small freighter planes.
PS Logistics Buys Yordy Transport, Boosts Flatbed Ops Again
Diamond State Trucking & Logistics is to buy Morton, Ill.-based flatbed carrier Yordy Transport for an undisclosed sum, parent company PS Logistics said.
TFI Buys Hercules Forwarding to Boost US LTL Operations
TFI International is to buy less-than-truckload carrier Hercules Forwarding Inc. for an undisclosed sum, it said.
PepsiCo, Estes Express Earn Sustainability Pathfinder Awards
NEW ORLEANS — Transport Topics has presented its inaugural Sustainability Pathfinder awards to PepsiCo and Estes Express in recognition of efforts to curb emissions and eliminate waste.
March 6, 2024Nearshoring Trend Drives More Border Growth
The nearshoring trend has been driving further transportation and logistics investments near the Mexican border as companies work to capture current and expected future growth.
Navistar Launches Integrated Powertrain
Truck maker Navistar announced Feb. 26 it has made the first deliveries of its International LT Series equipped with the International S13 Integrated Powertrain.
J.B. Hunt to Promote Shelley Simpson to CEO Post
J.B. Hunt Transport Services Inc. announced that company president Shelley Simpson is also taking on the post of CEO, effective July 1.
Forward Air Reports 138% Earnings Drop for Q4
Forward Air Corp. experienced a 138% earnings drop year-over-year during the fourth quarter of 2023, the company reported Feb. 28.
Groups Support Werner in Legal Filing Over ‘Nuclear’ Verdict
The Texas Trucking Association and another advocacy group have filed a “friend of the court” brief with the Texas Supreme Court asking that it reject a $100 million lower-court accident verdict against Werner Enterprises.