An affiliate of Ken Griffin’s Citadel has acquired roughly $485 million in Yellow Corp. debt previously owned by Apollo Global Management and other lenders to the bankrupt trucking firm.
August 16, 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 Truckload/Dedicated Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | Swift Truckload | 3,019,295 |
2 | Schneider | 2,090,953 |
3 | J.B. Hunt Transport Services | 1,920,950 |
4 | Landstar System | 1,900,406 |
5 | Werner Enterprises | 1,533,981 |
6 | Penske Logistics | 1,500,000 |
7 | U.S. Xpress Enterprises | 1,320,000 |
8 | TFI International | 1,231,714 |
9 | Ryder Dedicated Transportation Solutions | 1,020,895 |
10 | Cardinal Logistics | 935,000 |
11 | CRST The Transportation Solution | 905,000 |
12 | Knight-Swift Transportation | 900,368 |
13 | Celadon Trucking Services | 850,000 |
14 | Crete Carrier Corp. | 780,000 |
15 | Universal Truckload | 629,200 |
16 | Heartland Express | 612,937 |
17 | Ruan | 524,127 |
18 | Mullen Group | 520,272 |
19 | Canada Cartage System | 452,728 |
20 | P.A.M. Transport | 432,852 |
21 | Mesilla Valley Transportation | 402,940 |
22 | Covenant Logistics Group | 375,564 |
23 | Interstate Distributor Co. | 370,168 |
24 | Dart Transit Co. | 349,031 |
25 | Black Horse Carriers | 337,500 |
26 | Western Express | 315,095 |
27 | NFI | 315,000 |
28 | Bison Transport | 304,782 |
29 | USA Truck (DB Schenker) | 295,807 |
30 | Cowan Systems | 258,761 |
31 | Challenger Motor Freight | 258,006 |
32 | Hub Group Dedicated | 250,000 |
33 | Martin Transportation Systems | 237,500 |
34 | Paschall Truck Lines | 232,896 |
35 | Epes Carriers Inc. | 216,652 |
36 | Roehl Transport | 207,048 |
37 | Southeastern Freight Lines | 206,673 |
38 | Auto Lineas America | 169,600 |
39 | Brown Trucking Co. | 168,218 |
40 | Forward Air | 164,300 |
41 | Marten Transport | 157,370 |
42 | Anderson Trucking Service | 156,577 |
43 | Transportistas Unidos Mexicano | 141,000 |
44 | Transportadora Nacional | 136,100 |
45 | Stan Koch & Sons Trucking | 132,440 |
46 | Transportes Cuauhtemoc | 127,200 |
47 | Trans-Mex Inc. | 111,000 |
48 | Day & Ross Freight | 100,433 |
49 | A.D. Transport Express | 100,000 |
50 | CalArk | 99,434 |
51 | Auto Lineas Regiomontanas | 97,600 |
52 | Titanium Transportation Group | 91,258 |
53 | Raven Transport | 89,000 |
54 | TransX Group of Companies | 88,972 |
55 | Titan Transfer | 87,808 |
56 | Grupo TMM / Lacto Comercial Organizada | 85,800 |
57 | Abilene Motor Express | 85,350 |
58 | Mercer Transportation Co. | 83,178 |
59 | J. Rayl Transport | 76,408 |
60 | System Freight | 76,407 |
61 | SLH Transport | 71,003 |
62 | Express Tres Fronteras | 71,000 |
63 | Transportes Quintanilla | 65,100 |
64 | Central de Fletes Monterrey / Transportes Gonzalez (Grupo MG) | 64,100 |
65 | Transportadora Egoba | 62,100 |
66 | Transportes Especializados Antonio de la Torre e Hijos | 61,200 |
67 | Freight Exchange | 60,000 |
68 | Transportes de Nuevo Laredo | 58,200 |
69 | Star Transportation | 53,652 |
70 | Transportes Lar-Mex | 53,300 |
71 | Fletes Internacionales Coss | 51,300 |
72 | Evans Delivery | 50,500 |
73 | Dupré Logistics | 47,677 |
74 | Transportes Lopez e Hijos | 43,400 |
75 | TRACOMEX | 42,400 |
76 | Transportes Elola | 39,400 |
77 | Transportes Internacionales JCV | 38,400 |
78 | Ryder Capital | 37,000 |
79 | Transportes Canales | 36,500 |
80 | Centauros del Sureste | 31,700 |
81 | Transportes Unidos Tampiquenos | 31,600 |
82 | Autotransportes Rapidos de Aguascalientes | 31,400 |
83 | Grupo GOR | 31,200 |
84 | Transportes Sultana | 29,500 |
85 | Autotransportes Dasa | 28,600 |
86 | Shevell Group | 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
Citadel Acquires Yellow Debt Owned by Apollo, Other Lenders
Yellow Looks to Finalize Bankruptcy Loan
Yellow Corp. continues to work with potential financiers, including Estes Express Lines, who are offering more affordable alternative bankruptcy financing for the LTL trucking company.
Forward Air Plans Merger With Omni Logistics
Forward Air Corp. and Omni Logistics announced Aug. 10 that they have entered into a definitive agreement to combine in a cash-and-stock transaction.
Trucking Industry Reports Predictably Weak Q2
The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.
August 9, 2023Searches for UPS Jobs Soar Following Union Deal
UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.
UPS Lost More Business Than Expected on Strike Threat
Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
Yellow Files for Chapter 11 Bankruptcy
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.