Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.
July 26, 2018![Image](/sites/default/files/images/logos/top_50_logistics_2_0.png)
Logistics 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 | 8,727 |
2 | Ryder Supply Chain Solutions | 6,000 |
3 | Werner Enterprises | 4,000 |
4 | Schneider | 3,930 |
5 | Penske Logistics | 3,734 |
6 | Ruan | 3,598 |
7 | NFI | 3,300 |
8 | Knight-Swift Transportation | 3,089 |
9 | Cardinal Logistics | 3,022 |
10 | U.S. Xpress Enterprises | 2,440 |
11 | Hub Group | 2,250 |
12 | C.R. England | 2,200 |
13 | Black Horse Carriers Inc. | 1,815 |
14 | UPS Supply Chain Solutions | 1,382 |
15 | DHL Supply Chain | 1,200 |
16 | Averitt Express | 1,123 |
17 | Commercial Warehousing | 1,000 |
18 | Universal Logistics Holdings | 930 |
19 | Marten Transport | 847 |
20 | Cowan Logistics | 766 |
21 | Celadon Group | 700 |
22 | AIM Integrated Logistics | 655 |
23 | Day and Ross Transportation Group | 629 |
24 | Odyssey Logistics & Technology | 600 |
25 | Performance Team | 600 |
26 | CRST The Transportation Solution | 500 |
27 | Bay and Bay Transportation | 500 |
28 | G&D Integrated | 468 |
29 | Landair | 430 |
30 | Lily Dedicated Logistics Systems | 415 |
31 | XPO Logistics | 400 |
32 | Sunteck TTS | 380 |
33 | Crowley Logistics | 335 |
34 | Leonard's Express | 330 |
35 | Warehouse Services Inc. | 314 |
36 | USA Truck | 311 |
37 | ITS Logistics | 300 |
38 | Dupré Logistics | 250 |
39 | LeSaint Logistics | 250 |
40 | Saddle Creek Logistics Services | 235 |
41 | ODW Logistics | 230 |
42 | ADS Logistics | 228 |
43 | Midwest Express Group | 221 |
44 | Dart Advantage Logistics | 216 |
45 | Legacy Supply Chain Services | 200 |
46 | East Coast Warehouse & Distribution | 190 |
47 | Kane Is Able Inc. | 165 |
48 | Evans Distribution Systems | 155 |
49 | Decker Truck Line | 140 |
50 | Atech Logistics | 135 |
51 | Verst Group Logistics | 130 |
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.
![Armstrong and Associates Logo](/sites/default/files/images/logos/tt50-armstrong2016.jpg)
Extras
On the Bubble
Forward Air Reports Strong 2Q Earnings
Knight-Swift Shares Tumble Most in Four Years Amid Driver Shortage
Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.
Motor Carriers Group Challenges California Law That Defines Independent Contractors
In a federal lawsuit filed July 19, the Western States Trucking Association alleges that the California Supreme Court’s new “ABC test” requirement for deciding if a contractor should be an employee “forces virtually all independent contractors to become employees to those they choose to contract or work with.”
Landstar Profit Jumps on Record Revenue
Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.
UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions
UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.
Covenant Profits Jump on 20% Revenue Rise
Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.
Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue
Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.
Chinese Startups Floor the Pedal in Driverless Car Race
A group of Chinese startups is accelerating efforts to get autonomous vehicles onto roads in the world’s biggest auto market, a country its American peers from Alphabet Inc.’s Waymo to General Motors Co.’s Cruise may find tough to crack.
July 25, 2018FedEx Reaches Airfreight Deal With San Bernardino Airport
FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.
Norfolk Southern Reports Record 2Q Earnings
Norfolk Southern Corp. on July 25 reported record second-quarter earnings.