Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.
May 13, 2022Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
Rank | Company | Total Power Units |
---|---|---|
1 | J.B. Hunt Transport Services | 7,401 |
2 | Swift Transportation | 4,910 |
3 | Ryder Supply Chain Solutions | 4,540 |
4 | Werner Enterprises | 3,760 |
5 | Ruan | 3,493 |
6 | Penske Logistics | 3,277 |
7 | Cardinal Logistics | 3,220 |
8 | Schneider | 3,050 |
9 | NFI | 2,300 |
10 | U.S. Xpress Enterprises | 1,800 |
11 | Black Horse Carriers Inc. | 1,674 |
12 | UPS Supply Chain Solutions | 1,382 |
13 | Estenson Logistics | 1,190 |
14 | Averitt Express | 1,144 |
15 | Performance Team | 1,045 |
16 | Commercial Warehousing | 1,000 |
17 | Universal Logistics Holdings | 970 |
18 | DHL Supply Chain | 865 |
19 | Cowan Logistics | 766 |
20 | Celadon Group | 700 |
21 | Ceva Logistics (North America) | 604 |
22 | Odyssey Logistics & Technology | 600 |
23 | AIM Integrated Logistics | 586 |
24 | Crane Worldwide Logistics | 573 |
25 | Dupré Logistics | 550 |
26 | CRST The Transportation Solution | 500 |
27 | Bay and Bay Transportation | 500 |
28 | G&D Integrated | 468 |
29 | Transport America | 442 |
30 | Lily Dedicated Logistics Systems | 415 |
31 | Crowley Logistics | 335 |
32 | Leonard's Express | 330 |
33 | Warehouse Services Inc. | 314 |
34 | ITS Logistics | 300 |
35 | FedEx Logistics | 298 |
36 | Landair | 280 |
37 | Knight Transportation | 250 |
38 | LeSaint Logistics | 250 |
39 | ADS Logistics | 250 |
40 | XPO Logistics | 249 |
41 | Saddle Creek Logistics Services | 233 |
42 | ODW Logistics | 230 |
43 | Legacy Supply Chain Services | 230 |
44 | Midwest Express Group | 221 |
45 | East Coast Transport | 190 |
46 | Syfan Logistics | 171 |
47 | Kane Is Able Inc. | 165 |
48 | Kenco Group | 135 |
49 | Atech Logistics | 130 |
50 | Verst Group Logistics | 125 |
51 | Taylor Logistics | 122 |
Top 50 Logistics Companies provide logistics services, including freight brokerage, freight forwarding, warehousing and dedicated contract carriage in North America and are ranked on the basis of annual gross revenue. Some sector rankings may have been updated since their print publication. To be included in the Top 50 list, 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 50 list.
Extras
On the Bubble
Ryder Gets $4.4 Billion Takeover Offer From HG Vora
U.S. Xpress Cuts 70 Corporate, IT Jobs
After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.
Congress Kicks Off Final Negotiations on Supply Chain, Semiconductor Bill
Congressional policymakers formally kicked off negotiations on comprehensive legislation meant to facilitate domestic production of semiconductors and improve the movement of freight at ports.
Trucking Continues to See Robust M&A Market
Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.
Volvo to Supply 44 Electric Trucks to DHL
FRANKFURT, Germany — Swedish carmaker Volvo has signed a deal to supply 44 new electric trucks to German delivery firm Deutsche Post DHL to support its zero-emission targets, both companies announced May 12.
New York Appeals Court Dismisses Suit Against Amazon
NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.
HMM to Continue Deploying More Ships as Port Congestion Persists
HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.
XPO Reports Record $3.47 Billion in Revenue for Q1
XPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022.
Critical Talks to Begin for West Coast Port and Warehouse Workers
Labor Secretary Marty Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.
U.S. Xpress Reports Earnings Loss Despite Revenue Gains
U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.