Forward Air Corp. experienced a 138% earnings drop year-over-year during the fourth quarter of 2023, the company reported Feb. 28.
February 29, 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 | 1,404,649 |
2 | Quality Carriers | 822,000 est |
3 | Trimac Transportation Services | 528,672 |
4 | Foodliner/Quest Liner | 317,062 |
5 | Heniff Transportation Systems | 293,000 |
6 | Quantix Supply Chain Solutions | 285,000 est |
7 | Superior Bulk Logistics | 277,000 est |
8 | Groendyke Transport | 245,295 |
9 | Ruan | 164,553 |
10 | Dupré Logistics | 147,916 |
11 | Eagle Transport Corp. | 141,127 |
12 | Martin Transport Inc. | 125,333 |
13 | Florida Rock & Tank Lines | 114,065 |
14 | United Petroleum Transports | 110,000 |
15 | Tankstar USA | 108,985 |
16 | Coastal Transport Co. | 95,331 |
17 | Apex Logistics | 92,543 |
18 | Cliff Viessman Inc. | 92,128 |
19 | J&M Tank Lines Inc. | 76,406 |
20 | Andrews Logistics | 73,926 |
21 | Grammer Industries | 73,158 |
22 | CCC Transportation/ CTL Transportation | 71,925 |
23 | Prime Inc. | 71,921 |
24 | CLI Transport | 64,563 |
25 | Transportes Auto Tanques Ochoa | 60,000 |
26 | Herman R. Ewell Inc. | 58,480 |
27 | Solar Transport | 57,825 |
28 | Service Transport Co. | 56,000 |
29 | Tidewater Transit Co. | 52,724 |
30 | Schilli Corp. | 52,421 |
31 | Sterling Transport Co. | 48,600 |
32 | Liquid Trucking Cos. | 41,683 |
33 | Mission Petroleum Carriers | 41,155 |
34 | NFI | 38,000 |
35 | Sprint Transport | 26,630 |
36 | Dixon Bros. | 25,492 |
37 | K-Limited Carrier | 24,041 |
38 | Carbon Express Inc. | 20,350 |
39 | Bulk Service Transport | 20,000 |
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
Forward Air Reports 138% Earnings Drop for Q4
Groups Support Werner in Legal Filing Over ‘Nuclear’ Verdict
The Texas Trucking Association and another advocacy group have filed a “friend of the court” brief with the Texas Supreme Court asking that it reject a $100 million lower-court accident verdict against Werner Enterprises.
New SEC Rules Prompt Closer Look at Cybersecurity
Trucking businesses need to take a close look at the state of their cybersecurity in 2024 now that tough, new disclosure rules from the Securities and Exchange Commission have gone live.
Estes, Pitt Ohio Among Firms Filling Yellow Void in Buffalo
Yellow Corp.’s shutdown has opened the door for Estes Express Lines, Pitt Ohio and more to make greater inroads in the Buffalo, N.Y., Niagara region.
Social Media Platforms Open Fleets to Newer Recruiting Pool
Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.
Knight-Swift Adds 10 More Leased Yellow Terminals to Haul
Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.
Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals
Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.
XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says
Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.
TFI Eyes Merger for Truckload Operations as Part of Spinoff
TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.
TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll
Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.