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, 2023
2020 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
Fleets have been overcoming unprecedented challenges to keep essential freight moving during the pandemic.
See the locations of the headquarters for each of the Top 100 for-hire carriers in North America.
COVID-19 has transformed 2020 into a tumultuous year for trucking, but the Top 100 list remains stable, at least for now.
Rankings
Top 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 |
Extras
If your company appears in the 2020 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
107
On the Bubble
Autotransportes de Carga Treguerras
($244 million), is a less-than-truckload and package carrier based in Guanajuato, Mexico.
Learn more about Transport Topics' Top 100 For-Hire Companies publication.
COVID-19 has created significant financial challenges for many trucking and logistics companies.
Fleets are emphasizing cleaning and physical distancing at loading docks to help protect drivers from COVID-19.
Drivers have been more isolated than usual during the pandemic due to social distancing measures.
Market uncertainty due to COVID-19 has depressed demand for new trucking equipment.
Small trucking companies such as Boyle Transportation are playing a direct role in the response to COVID-19.
Industry experts explain how this public health crisis might change freight transportation in the years ahead.
For-Hire News
Business, Logistics, For-Hire
Ryder Reports Slight Revenue Decline for Q3
Business, Technology, Safety, For-Hire
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.
October 26, 2023Business, For-Hire
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.
October 26, 2023Business, Logistics, For-Hire
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.
October 24, 2023Logistics, For-Hire
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.
October 24, 2023Business, Technology, Equipment, Safety, For-Hire
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.
October 23, 2023Business, For-Hire
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.
October 23, 2023Business, For-Hire
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.
October 20, 2023Business, For-Hire
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.
October 19, 2023Business, Logistics, For-Hire
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.
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