Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.
August 11, 2023Top 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 Less-Than-Truckload Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | FedEx Freight | 6,170,000 |
2 | Yellow Corp. | 4,832,400 |
3 | XPO | 3,600,000 |
4 | Old Dominion Freight Line | 2,972,442 |
5 | UPS Inc. | 2,881,000 |
6 | Estes Express Lines | 2,367,000 |
7 | ABF Freight | 1,918,450 |
8 | R+L Carriers | 1,429,000 est |
9 | Saia Inc. | 1,221,311 |
10 | Southeastern Freight Lines | 955,052 |
11 | Averitt Express | 702,000 |
12 | TFI International | 691,014 |
13 | AAA Cooper Transportation | 595,368 |
14 | Roadrunner Freight | 516,251 |
15 | Dayton Freight Lines | 452,817 |
16 | Pitt Ohio Transportation Group | 396,000 |
17 | New England Motor Freight | 388,000 |
18 | A. Duie Pyle Inc. | 281,554 |
19 | Day & Ross Freight | 270,148 |
20 | Central Freight Lines | 205,000 |
21 | Daylight Transport | 192,000 est |
22 | Oak Harbor Freight Lines | 186,974 |
23 | Ward Trucking | 166,944 |
24 | Watkins & Shepard Trucking | 159,000 est |
25 | Wilson Logistics | 147,550 |
26 | Forward Air | 129,988 |
27 | Lakeville Motor Express | 120,000 est |
28 | Fastfrate Group | 103,171 |
29 | Midwest Motor Express | 93,000 est |
30 | TransX Group of Companies | 92,859 |
31 | Landstar System | 80,687 |
32 | Dependable Highway Express | 75,000 est |
33 | Anderson Trucking Service | 54,096 |
34 | Atlas World Group | 38,178 |
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
Yellow Looks to Finalize Bankruptcy Loan
Forward Air Plans Merger With Omni Logistics
Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction.
Trucking Industry Reports Predictably Weak Q2
The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
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, 2023Searches 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.
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.
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.
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.
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.
Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.