Ryder System Inc. experienced a slight decline in year-over-year revenue amid market headwinds during the third quarter of 2023, the company reported Oct. 25.
October 26, 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
Ryder Reports Slight Revenue Decline for Q3
Estes Express IT System Fully Restored, COO Says
Estes Express Lines’ information technology systems are “completely restored” after a cyberattack earlier in October, according to Chief Operating Officer Webb Estes.
UPS Reports Lower Earnings on Labor Deal Costs
UPS Inc. cut its annual profit target on a spike in costs from a new union labor contract and weaker package demand.
TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market
TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.
Ryder to Buy Impact Fulfillment Services
Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.
Fleets Learn to Utilize In-Cab Technology
Some fleet operators are finding the right balance between software use and customization to map better routes, save money and simplify a wide array of functions.
Roadrunner Offers Free LTL Delivery on Late Shipments
Roadrunner is now offering free less-than-truckload freight delivery if the shipment does not arrive on the promised date, it said.
Knight-Swift Reports 69% Earnings Drop in Q3
Knight-Swift Transportation Holdings Inc. on Oct. 19 reported that its third-quarter earnings dropped by 69% year-over-year, even as revenue increased.
Mullen Group Reports Mixed Q3 Results
Mullen Group posted an increase in earnings despite a decline in overall revenue during the third quarter, the company reported Oct. 19.
Marten Revenue Nears $280 Million Amid Tough Q3 Market
Marten Transport experienced a decline in revenue and earnings amid tough market conditions during the third quarter, the company reported Oct 18.