Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.
July 26, 2024![Image](/sites/default/files/images/logos/top_50_logistics.png)
Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
Rank | Company | Total Power Units |
---|---|---|
1 | J.B. Hunt Transport Services | 7,208 |
2 | Swift Transportation | 4,890 |
3 | Ryder Supply Chain Solutions | 4,540 |
4 | XPO Logistics | 4,210 |
5 | Werner Enterprises | 3,580 |
6 | Ruan | 3,501 |
7 | Penske Logistics | 2,782 |
8 | NFI | 2,305 |
9 | U.S. Xpress Enterprises | 1,800 |
10 | UPS Supply Chain Solutions | 1,382 |
11 | Averitt Express | 1,198 |
12 | Estenson Logistics | 1,140 |
13 | Universal Logistics Holdings | 965 |
14 | Performance Team | 910 |
15 | DHL Supply Chain | 865 |
16 | Cowan Logistics | 766 |
17 | Celadon Group | 700 |
18 | TTS | 605 |
19 | Ceva Logistics (North America) | 604 |
20 | Dupre[singlequote] Logistics | 600 |
21 | AIM Integrated Logistics | 515 |
22 | Bay and Bay Transportation | 500 |
23 | CRST The Transportation Solution | 500 |
24 | Lily Dedicated Logistics Systems | 415 |
25 | Crane Worldwide Logistics | 371 |
26 | Warehouse Services Inc. | 314 |
27 | Landair Dedicated | 280 |
28 | Fidelitone | 191 |
29 | Saddle Creek Logistics Services | 178 |
30 | Kenco Group | 167 |
31 | East Coast Warehouse & Distribution | 140 |
32 | Keller Logistics Group | 115 |
33 | Allen Lund Co. | 110 |
34 | Leonard's Express | 100 |
Top 50 Logistics Companies provide logistics services, including freight brokerage, freight forwarding, warehousing and dedicated contract carriage in North America and are ranked on the basis of annual gross revenue. Some sector rankings may have been updated since their print publication. To be included in the Top 50 list, 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 50 list.
![Armstrong and Associates Logo](/sites/default/files/images/logos/tt50-armstrong2016.jpg)
Extras
On the Bubble
Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains
Norfolk Southern Profits Lifted by Insurance Payments
Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous derailment, but it also made progress on its own.
Lineage’s Shares Climb Up to 5% After Biggest IPO Since Arm
Temperature-controlled storage and logistics giant Lineage Inc. shares climbed as much as 5.4% in its debut as a public company after raising about $4.4 billion in the year’s largest IPO.
Freight Rate Rebound Timeline Remains Muddy
A timeline for a rebound in freight rates and market conditions remains muddy into the second half of 2024, according to executives and analysts.
Harris Sticking With ‘Build Back Better’ Agenda for Campaign
Vice President Kamala Harris has committed to continue pursuing policies the current administration initiated three years ago should she win the November presidential election.
Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize
Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million.
Covenant Logistics Reports Nearly 5% Revenue Rise for Q2
Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.
Gordie Howe International Bridge Links Detroit to Windsor
DETROIT — The U.S. and Canadian sides of the Gordie Howe International Bridge have been connected, marking the bridge as an official border crossing.
Union Pacific Profit Grows 7%
OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.
CBP Installs X-Ray Scanner for Containers at Texas Port
The busiest land border crossing between the U.S. and Mexico now has an advanced X-ray machine that is intended to help more efficiently move commercial truck traffic through the facility.