Wall Street analysts offered overall positive initial reactions to the Dec. 19 news that FedEx Corp. plans to by 2026 spin off its LTL division into a separate, publicly traded company.
December 23, 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 | 1,758,645 |
2 | Quality Carriers | 1,090,684 |
3 | Trimac Transportation Services | 610,000 |
4 | Foodliner/Quest Liner | 334,103 |
5 | Heniff Transportation Systems | 293,000 est |
6 | Quantix Supply Chain Solutions | 276,000 est |
7 | Groendyke Transport | 273,125 |
8 | Superior Bulk Logistics | 269,000 est |
9 | Ruan | 164,553 est |
10 | Eagle Transport Corp. | 143,700 |
11 | Dupré Logistics | 137,119 |
12 | Martin Transport Inc. | 120,523 |
13 | Slay Transportation Co. | 109,204 |
14 | Tankstar USA | 108,985 est |
15 | Florida Rock & Tank Lines | 108,716 |
16 | United Petroleum Transports | 102,729 |
17 | Coastal Transport Co. | 95,331 est |
18 | Cliff Viessman Inc. | 92,128 est |
19 | Apex Logistics | 81,935 |
20 | Andrews Logistics | 72,900 |
21 | CLI Transport | 72,421 |
22 | J&M Tank Lines Inc. | 64,241 |
23 | Service Transport Co. | 63,191 |
24 | Herman R. Ewell Inc. | 61,983 |
25 | Transportes Auto Tanques Ochoa | 60,000 est |
26 | Prime Inc. | 55,379 |
27 | Tidewater Transit Co. | 52,724 est |
28 | Schilli Corp. | 52,421 est |
29 | Sterling Transport Co. | 48,600 est |
30 | Solar Transport | 45,200 |
31 | Atlantic Bulk Carrier | 43,546 est |
32 | Liquid Trucking Cos. | 42,024 |
33 | Mission Petroleum Carriers | 41,155 est |
34 | NFI | 39,000 |
35 | Dixon Bros. | 28,301 |
36 | Sprint Transport | 26,630 est |
37 | K-Limited Carrier | 22,500 |
38 | Bulk Service Transport | 19,000 |
39 | Carbon Express Inc. | 18,645 |
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 Freight Spinoff Draws Positive Analyst Reactions
FedEx Details Planned Changes During Q2 2025 Earnings
The Memphis, Tenn.-based transportation services company on Dec. 19 reported net income of $740 million, or $3.03 a diluted share, for the three months ending Nov. 30.
FedEx Freight Spinoff to Create Largest LTL Carrier
FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.
Yellow, Pension Funds' Claims Battle to Extend Through Q1
Oral arguments on dispositive motions related to the claims by 11 pension funds are now set to take place at a Jan. 28 hearing at the Delaware Bankruptcy Court.
Fleets Navigate the Challenges of Driver Acceptance of ADAS
Trucking experts say getting drivers to buy in to advanced driver assistance systems technology is key to making sure it is being correctly used.
Estes, R+L Carriers Affiliate Buy More Ex-Yellow Terminals
Estes Express Lines and an affiliate of R+L Carriers are to buy more terminals from the administrators of bankrupt former less-than-truckload rival Yellow, according to a court filing.
Cyber Monday Shoppers Expected to Set a Record
Adobe Analytics expects consumers to spend a record $13.2 billion on Dec. 2, 6.1% more than last year. That would make it the season’s — and the year’s — biggest shopping day for e-commerce.
Trucking CFOs, Leaders Eye 2025 Recovery With Tight Budgets
Carriers are grappling with a tough freight market, relying on cost-cutting measures, operational efficiency and strategic revenue opportunities to stay ahead.
Kenan Advantage Expands Dry Bulk With Two November Deals
North Canton, Ohio-based KAG has expanded its dry bulk transportation services with two acquisitions, strengthening its logistics capabilities across North America.
November 25, 2024Roadrunner Owner Sells Majority Stake to CEO Jamroz, Partner
A private equity vehicle led by Roadrunner Freight CEO Chris Jamroz bought a majority ownership stake in the less-than-truckload carrier from Elliott Investment Management.