UPS Inc. cut its annual profit target on a spike in costs from a new union labor contract and weaker package demand.
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 Mail Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | FedEx Corp. | 1,610,033 |
2 | 10 Roads Express | 452,429 |
3 | Salmon Cos. | 314,303 |
4 | UPS Inc. | 171,629 |
5 | United Airlines | 164,567 |
6 | Postal Fleet Services | 120,657 |
7 | Matheson Trucking | 102,431 |
8 | Midwest Transport | 97,107 |
9 | Southern Mail Service | 92,854 |
10 | American Airlines | 92,554 |
11 | Kalitta Air | 83,165 |
12 | Delta Air Lines | 73,753 |
13 | Bancroft and Sons Transportation | 73,568 |
14 | B&B Trucking | 58,427 |
15 | XPO | 57,528 |
16 | URSA Logistics | 47,228 |
17 | Tracie McCormick Inc. | 46,920 |
18 | Beco Inc. | 45,734 |
19 | FLS Transportation Services | 44,353 |
20 | Ravn Alaska | 39,022 |
21 | Alaska Air Group | 37,061 |
22 | Alan Ritchey Inc. | 34,759 |
23 | Metro Air Service | 34,287 |
24 | Roth Bros. Inc. | 33,353 |
25 | Davenport Transportation | 31,994 |
26 | AJR Trucking | 31,141 |
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
UPS Reports Lower Earnings on Labor Deal Costs
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.
Autonomous Trucks Could Create Safer Roads, Better Jobs
AUSTIN, Texas — Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers.
Yellow Aims to Appoint Auction Houses for Rolling Stock Sale
The administrators of Yellow Corp. aim to use auction houses to sell off the bankrupt less-than-truckload carrier’s rolling stock, according to court filings.