Hub Group profit and revenue fell in Q3 2024, but intermodal load growth mitigated the damage and the carrier’s top executive is becoming more optimistic about the freight environment.
November 7, 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
Intermodal Load Growth Cushions Hub Group Q3 Profit Decline
Schneider Q3 Revenue, Profit Decline in Weak Freight Market
The company's results missed expectations from investment analysts on Wall Street, who had been looking for earnings per share of 23 cents and quarterly revenue of $1.33 billion.
Heartland Express in Red for Q3 Again but Loss Narrows
Losses at Heartland Express narrowed year over year in the third quarter as both legacy brands and two more recently acquired units turned in an improved performance.
Ongoing Truckload Weakness, Helene Hurt P.A.M. Q3 Profit
Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.
Forward Air Revenue Soars 92%; Net Loss Hits $34M
The Tennessee-based ground transportation and logistics services provider posted a net loss of $34.2 million, or negative $2.62 a diluted share, for the three months ending Sept. 30.
Retailers Offer ‘Returnless Refunds’ to Reduce Shipping Fees
Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and other ballooning costs from returned products.
Werner Revenue and Profit Decline on Q3 Market Struggles
The Omaha, Neb.-based carrier’s Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.
October 30, 2024XPO Net Income Climbs 10% on Strong LTL Pricing in Q3
XPO’s North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.
October 30, 2024Covenant's Q3 Net Income and Revenue Take Slight Dips
The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.
October 29, 2024Saia Reports Q3 Revenue Growth Amid Network Expansion
Saia Inc. reported Oct. 25 that it was able to post record-high third-quarter revenue amid an ongoing effort to expand its operational footprint.