2017 Essential Financial and Operating Information for the 100 largest For-Hire Carriers in North America
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Up Front

Takeaway: Gearing Up for Growth

The nation’s top for-hire carriers are taking steps to shore up capacity in anticipation of increasing demand for freight hauling and a tighter market for drivers.

Map: Where They Are

Find out where the carriers are by regions in North America.

Replay: LiveOnWeb on TT 100 Rankings

Find out what carriers are doing to prepare for what looks like increased demand for freight hauling this year and next.
Rankings
Rank This Year Rank Last Year Company Revenue (000) Net Income (000) Employees Tractors Trailers
1 1 UPS Inc. 60,906,000 3,431,000 434,000 - -
2 2 FedEx Corp. 57,570,000 1,907,000 400,000 29,733 108,041
3 3 XPO Logistics 14,619,400 63,100 89,000 15,396 27,606
4 4 J.B. Hunt Transport Services Inc. 6,555,459 432,090 22,172 14,805 30,330
5 5 YRC Worldwide 4,697,500 21,500 32,000 14,300 44,500
6 7 Schneider 4,045,736 156,851 19,300 10,459 37,910
7 6 Swift Transportation 4,031,517 149,267 21,900 18,366 64,066
8 8 Hub Group 3,572,790 74,805 2,755 2,705 436
9 9 Landstar System 3,167,634 137,350 1,197 9,186 15,170
10 10 TFI International 3,037,205 482,592 17,685 18,535 25,310
11 11 Old Dominion Freight Line Inc. 2,991,517 295,765 19,040 7,994 32,525
12 12 ArcBest 2,700,219 18,652 13,000 4,387 21,361
13 13 Ryder Supply Chain Solutions 2,658,745 169,172 - 67,900 42,800
14 14 Estes Express Lines 2,400,000 - 16,570 7,009 26,718
15 16 Roadrunner Transportation Systems Inc. 2,044,000 - 4,645 4,332 6,508
16 15 Werner Enterprises Inc. 2,008,991 79,129 11,738 7,100 24,350
17 17 UniGroup Inc. 1,700,000 - - - -
18 18 Prime Inc. 1,683,834 194,247 3,661 6,246 12,309
19 24 CRST International 1,546,000 - 7,849 6,682 13,811
20 26 Purolator 1,526,207 - 10,000 463 1,280
21 23 Penske Logistics 1,500,000 - 14,180 2,704 8,785
21 20 Sirva Inc. 1,400,000 - - - -
21 19 U.S. Xpress Enterprises 1,500,000 - 10,135 7,000 15,500
24 - R+L Carriers 1,452,000 - 10,000 5,958 12,604
25 21 Kenan Advantage Group 1,421,975 - 7,561 6,869 10,404
26 23 C.R. England Inc. 1,304,898 - 7,883 4,165 5,990
27 27 NFI 1,250,000 - 8,300 2,793 8,300
28 25 Saia Inc. 1,218,481 48,024 9,000 4,000 13,000
29 28 Southeastern Freight Lines 1,192,296 - 8,458 3,734 11,943
30 29 Knight-Swift Transportation Holdings 1,118,034 93,863 5,500 4,705 9,915
31 32 Averitt Express 1,091,475 - - 4,500 14,623
32 30 Universal Logistics Holdings 1,072,751 24,244 6,275 3,801 4,154
33 32 Celadon Group Inc. 1,050,000 2,700 6,000 7,050 15,000
34 37 Anderson Trucking Service 1,032,144 - 1,410 2,372 6,300
35 33 Crete Carrier Corp. 1,030,000 - 5,500 5,130 12,883
36 - Cardinal Logistics 1,000,600 - 4,642 3,020 9,725
37 35 Forward Air Corp. 982,530 27,670 3,689 935 4,868
38 36 KLLM Transport Services 937,000 - - 3,815 5,300
39 34 Lynden Inc. 925,000 - 2,800 768 2,889
40 38 Ruan 872,184 - 5,546 3,425 8,165
41 39 Atlas World Group 795,239 - - 2,159 -
42 46 Daseke Inc. 770,000 -8,700 3,400 3,500 7,300
43 42 Quality Distribution Inc. 758,000 - - - -
44 113 Central Transport International 703,000 - - 3,180 6,543
45 42 Trimac Transportation 700,000 - 3,400 1,800 2,400
46 47 Marten Transport Ltd. 671,144 33,464 3,622 2,848 4,854
47 43 Covenant Transport Services 670,651 16,835 4,400 2,535 7,389
48 44 Jack Cooper Holdings 667,849 - - 2,119 2,126
49 46 Stevens Transport 662,450 77,990 2,703 2,690 3,795
50 52 Pitt Ohio Transportation Group 649,972 - 3,178 866 2,072
51 45 Day & Ross Transportation Group 640,515 - 1,829 1,531 4,010
52 41 Heartland Express Inc. 612,937 56,386 3,600 5,049 15,218
53 54 AAA Cooper Transportation 605,538 - 4,600 2,400 6,000
54 49 Suddath 550,000 - - - -
55 52 Western Express 527,909 38,334 3,000 2,582 7,366
56 54 United Road Services Inc. 525,000 - 1,700 1,835 1,200
56 - OnTrac Inc. 525,000 - 3,000 55 571
58 51 Mullen Group Ltd. 520,272 - 3,267 1,821 4,998
59 59 Evans Delivery Company 505,000 - 320 3,865 650
60 58 Dayton Freight Lines 498,370 - 4,010 1,387 3,664
61 58 PS Logistics 495,300 - 2,600 2,247 2,359
62 57 Canada Cartage 452,728 - 3,110 2,429 2,736
63 55 Mercer Transportation Co. 449,337 - 295 2,228 2,400
64 69 Dart Transit Company 441,845 - 1,273 2,187 6,963
65 63 California Cartage Co. 440,000 - 1,500 - -
66 60 Shevell Group 436,000 - 3,895 1,550 3,902
67 62 Cowan Systems 434,018 - 1,915 2,059 5,111
68 66 P.A.M. Transport 432,852 11,101 2,463 - 5,699
69 68 Bennett International Group 429,616 - 998 1,338 1,892
70 53 USA Truck 429,099 -7,699 2,000 1,415 5,605
71 61 TransX Group of Companies 423,678 - 2,617 1,560 4,410
72 66 Mesilla Valley Transportation 402,940 - 1,900 1,400 5,100
73 - TMC Transportation 394,000 - - - -
74 65 Bison Transport 432,084 - 2,559 1,439 4,475
75 70 Interstate Distributor Co. 370,168 - 2,000 1,805 3,900
76 70 Roehl Transport 355,323 - 2,485 1,995 4,898
77 96 Central Freight Lines 347,800 - - 1,127 7,852
78 79 A. Duie Pyle Inc. 346,000 - 2,800 945 2,225
79 78 Black Horse Carriers 337,500 - 2,625 1,520 3,000
80 74 Maverick USA 334,953 - 2,119 1,675 2,453
81 71 Epes Carriers Inc. 332,073 24,333 1,535 1,202 -
82 75 Dicom Transportation Group 320,700 - - - -
83 74 Cassens Transport Co. 317,557 - 1,419 1,364 1,364
84 80 IMC Companies 293,000 - 1,875 1,515 91
85 76 Koch Companies Inc. 280,000 - 1,150 1,001 5,250
86 - Dependable Supply Chain Services 278,000 - - 321 1,220
87 91 Transport Investments Inc. 276,000 - 200 1,150 2,100
88 - TransAm Trucking Inc. 270,000 - - 1,144 1,818
89 82 Challenger Group 258,006 - - - -
90 83 Trans-System Inc. 252,500 - 1,100 1,021 1,600
91 84 Foodliner/Quest Liner 252,275 - 1,261 1,173 2,185
92 - Hirschbach Motor Lines 251,697 - 646 1,010 -
93 - United Vision Logistics 245,000 - - 1,003 1,347
94 - Salmon Cos. 241,796 - - 713 1,092
95 79 Comcar Industries 240,054 - - 1,592 4,660
96 86 John Christner Trucking 239,015 14,998 232 844 1,060
97 89 Martin Transportation Systems 237,500 - 1,637 1,130 2,200
98 81 Paschall Truck Lines Inc. 237,311 - 1,872 1,303 3,101
99 87 Superior Bulk Logistics 233,900 5,200 1,392 1,300 2,100
100 94 A&R Logistics 229,258 - 1,100 900 1,200

Top Less-Than-Truckload Carriers

Rank Company Sector Revenue (000)
1 UPS Freight 2,736,000
2 XPO Logistics 3,445,300
3 YRC Worldwide 4,697,500
4 FedEx Freight 6,352,000
5 TFI International 610,263
6 Landstar System 74,530
7 Old Dominion Freight Line Inc. 2,991,517
8 ABF Freight 1,916,394
9 Estes Express Lines 2,400,000
10 Roadrunner Freight 461,000
11 R+L Carriers 1,429,000
12 Saia Inc. 1,218,481
13 Southeastern Freight Lines 975,884
14 Averitt Express 717,000
15 Celadon Group Inc. 125,000
16 Anderson Trucking Service 53,310
17 Forward Air Solutions 148,600
18 Central Transport 703,000
19 Pitt Ohio Transportation Group 397,000
20 Day & Ross Freight 249,673
21 AAA Cooper Transportation 518,000
22 Dayton Freight Lines 489,277
23 New England Motor Freight 398,000
24 TransX Group of Companies 97,446
25 Central Freight Lines 206,000
26 A. Duie Pyle Inc. 290,000
27 Dependable Highway Express 77,373
28 Autotransportes de Carga Tresguerras 217,000
29 Transportes Castores de Baja California 207,200
30 Oak Harbor Freight Lines 194,000
31 Fastfrate 111,371
32 Carlile 180,000
33 Ward Transport & Logistics Corp. 153,000
34 Wilson Logistics 141,800
35 Spee-Dee Delivery Service 14,000
36 Transportadora Hercel / Transportadores Unidos (Grupo Transportes) 84,900
37 Transportes Comandos del Norte 59,200
38 Transportes de Carga FEMA 52,300
39 Fletes y Materiales Forsis 29,400
40 Transportes del Valle 40,500
41 Transportes Leon-Mexico 33,500
42 Daylight Transport 195,000
43 Lakeville Motor Express 126,000
44 Midwest Motor Express 95,400
45 Autotransportes de Carga El Duero / Fletes El Duero 41,400
46 Servicio de Transportacion Jaguar 88,800
Data for carriers in this sector may have been updated since the original date of publication.

Top Truckload Dedicated Carriers

Rank Company Sector Revenue (000)
1 J.B. Hunt Transport Services Inc. 1,920,950
2 TFI International 1,231,714
3 Schneider 2,090,953
4 Swift Truckload 3,019,295
5 Hub Group Dedicated 250,000
6 Landstar System 1,900,406
7 Ryder Dedicated Transportation Solutions 1,020,895
8 Werner Enterprises Inc. 1,533,981
9 CRST International 905,000
10 U.S. Xpress Enterprises 1,320,000
11 NFI 315,000
12 G&P Trucking 206,673
13 Knight-Swift Transportation 900,368
14 Universal Truckload 629,200
15 Celadon Trucking Services 850,000
16 Anderson Trucking Service 156,577
17 Crete Carrier Corp. 780,000
18 Cardinal Logistics Management 935,000
19 Forward Air Corp. 164,300
20 Ruan 524,127
21 Marten Transport Ltd. 157,370
22 Convenant Transport/Star Transportation 375,564
23 Day & Ross Freight 100,433
24 Heartland Express Inc. 612,937
25 Western Express 315,095
26 Mullen Group Ltd. 520,272
27 Evans Delivery Company 50,500
28 Canada Cartage 452,728
29 Mercer Transportation Co. 83,178
30 Dart Transit Co. 349,031
31 Shevell Group 20,000
32 Cowan Systems 258,761
33 P.A.M. Transport 432,852
34 USA Truck 295,807
35 TransX Group of Companies 88,972
36 Mesilla Valley Transportation 402,940
37 Bison Transport 304,782
38 Interstate Distributor Co. 370,168
39 Roehl Transport 207,048
40 Black Horse Carriers 337,500
41 Epes Carriers Inc. 216,652
42 Stan Koch & Sons Trucking 132,440
43 Challenger Motor Freight 258,006
44 Martin Transportation Systems 237,500
45 Paschall Truck Lines Inc. 232,896
46 Brown Trucking Co. 168,218
47 Bruce R. Smith Ltd. 16,600
48 Dupre Logistics 47,677
49 Auto Lineas America 169,600
50 Transportistas Unidos Mexicano 141,000
51 Transportadora Nacional 136,100
52 Transportes Cuauhtemoc 127,200
53 SLH Transport 71,003
54 CalArk Inc. 99,434
55 Bolt Express 14,555
56 Titan Transfer Inc. 87,808
57 J. Rayl Transport 76,408
58 System Freight 76,407
59 Freight Exchange 60,000
60 Transportes Lopez e Hijos 43,400
61 Express Tres Fronteras 71,000
62 Transportes Quintanilla 65,100
63 Central de Fletes Monterrey / Transportes Gonzalez (Grupo MG) 64,100
64 Transportadora Egoba 62,100
65 Transportes Especializados Antonio de la Torre e Hijos 61,200
66 Transportes de Nuevo Laredo 58,200
67 TRACOMEX 42,400
68 Transportes Elola 39,400
69 Transportes Internacionales JCV 38,400
70 Ryder Capital 37,000
71 Transportes Canales 36,500
72 Centauros del Sureste 31,700
73 Transportes Unidos Tampiquenos 31,600
74 Autotransportes Rapidos de Aguascalientes 31,400
75 Grupo GOR 31,200
76 Transportes Sultana 29,500
77 Fletes Internacionales Coss 51,300
78 Autotransportes Dasa 28,600
79 Titanium Transportation Group 91,258
80 A.D. Transport Express 100,000
81 Abilene Motor Express 85,350
82 Star Transportation 53,652
83 Raven Transport 89,000
84 Transportes Lar-Mex 53,300
85 Trans-Mex Inc. 111,000
86 Auto Lineas Regiomontanas 97,600
87 Grupo TMM / Lacto Comercial Organizada 85,800
Data for carriers in this sector may have been updated since the original date of publication.

Top Intermodal/Drayage Carriers

Rank Company Sector Revenue (000)
1 XPO Logistics 1,500,000
2 J.B. Hunt Intermodal 3,796,251
3 Schneider 757,530
4 Swift Intermodal 360,157
5 Hub Group 2,191,067
6 Landstar System 103,721
7 Roadrunner Intermodal Services 134,000
8 NFI 32,000
9 Universal Intermodal Services 141,381
10 Celadon Group Inc. 25,000
11 Forward Air Corp. 166,000
12 Marten Transport Ltd. 71,490
13 Evans Delivery Company 404,000
14 Dart Intermodal 26,870
15 California Cartage Co. 440,000
16 Cowan Systems 68,070
17 TransX Group of Companies 84,736
18 Bison Transport 16,061
19 IMC Companies 293,000
20 Canada Drayage 27,918
21 ASF Intermodal 65,000
22 Tiger Cool Express 72,000
23 RoadOne IntermodaLogistics 175,000
24 Eagle Systems 45,882
25 TCW 60,996
Data for carriers in this sector may have been updated since the original date of publication.

Top Flatbed/Heavy Specialized Carriers

Rank Company Sector Revenue (000)
1 Landstar System 963,649
2 Prime Inc. 151,545
3 CRST Malone 199,000
4 NFI 17,000
5 Celadon Group Inc. 20,000
6 Anderson Trucking Service 520,678
7 Hunt Transportation 40,000
8 Daseke Inc. 770,000
9 Western Express 160,984
10 PS Logistics 495,300
11 Mercer Transportation Co. 366,158
12 Shevell Group 18,000
13 Bennett Motor Express/Ace Doran Hauling & Rigging/Bennett Heavy & Specialized 271,616
14 DeckX 16,947
15 TMC Transportation 394,000
16 Bison Transport 18,131
17 Roehl Transport 19,177
18 Maverick USA 301,458
19 Koch Cos. Inc. 27,720
20 Transport Investments Inc. 269,667
21 System Transport 146,000
22 United Vision Logistics 280,000
23 CT Transportation 71,617
24 Melton Truck Lines Inc. 222,576
25 PGT Holdings 214,000
26 Acme Truck Line 173,600
27 Decker Truck Line 37,000
28 Carrier One Inc. 23,000
29 Super Transporte Internacional 50,000
30 Express Anahuac 48,300
31 Farren International 110,000
32 Aveda Transportation 55,298
33 Roadmaster Group Inc. 100,000
Data for carriers in this sector may have been updated since the original date of publication.

Top Package/Courier Carriers

Rank Company Sector Revenue (000)
1 UPS Inc. 50,651,000
2 FedEx Corp. 44,576,000
3 TFI International 1,056,162
4 Purolator 1,526,207
5 OnTrac Inc. 525,000
6 Spee-Dee Delivery Service 126,213
7 Transportes Pitic 78,900
8 Auto Express Tijuana Mexico 36,200
9 LaserShip Inc. 346,000
10 Lone Star Overnight 128,400
11 Golden State Overnight 114,000
Data for carriers in this sector may have been updated since the original date of publication.

Top Motor Vehicle/Driveaway Carriers

Rank Company Sector Revenue (000)sort ascending
1 Jack Cooper Holdings 667,849
2 United Road Services Inc. 522,911
3 Cassens Transport Co. 317,557
4 Bennett Truck Transport/Bennett DriveAway 86,897
Data for carriers in this sector may have been updated since the original date of publication.

Top Household Goods/Commercial Delivery Carriers

Rank Company Sector Revenue (000)
1 XPO Logistics 828,200
2 ArcBest 95,187
3 UniGroup Inc. 1,700,000
4 CRST Specialized Transportation 250,000
5 Sirva Worldwide Relocation & Moving 1,500,000
6 Atlas World Group 795,239
7 Suddath 550,000
8 Wheaton World Wide Moving 209,200
9 Stevens Worldwide Van Lines 92,500
10 Interstate Van Lines 93,200
11 Gentle Giant Moving Co. 39,800
12 JK Moving Services 116,977
13 Two Men and a Truck Movers 440,000
Data for carriers in this sector may have been updated since the original date of publication.

Top Tank Truck/Bulk Carriers

Rank Company Sector Revenue (000)
1 Prime Inc. 319,928
2 Kenan Advantage Group 1,333,736
3 NFI 35,000
4 Ruan 179,940
5 Quality Distribution Inc. 758,000
6 Trimac Transportation Services 625,000
7 Foodliner/Quest Liner 252,275
8 CCC Transportation/ CTL Transportation 84,419
9 Superior Bulk Logistics 233,900
10 A&R Logistics 229,258
11 Groendyke Transport 206,693
12 Dupre Logistics 106,032
13 Apex Logistics 61,000
14 Transportes Auto Tanques Ochoa 53,200
15 Eagle Transport Corp. 132,000
16 Tankstar USA Inc. 126,887
17 Florida Rock & Tank Lines 120,172
18 Miller Transporters 107,149
19 Mission Petroleum Carriers 93,560
20 Martin Transport Inc. 119,306
21 Slay Transportation Co. 91,500
22 Genox Transportation Inc. 71,365
23 CLI Transport 63,613
24 Tidewater Transit Co. 53,904
25 Service Transport Co. 52,340
Data for carriers in this sector may have been updated since the original date of publication.

Top Refrigerated (Truckload & LTL) Carriers

Rank Company Sector Revenue (000)
1 Swift Refrigerated 341,280
2 Roadrunner Temperature Controlled 171,000
3 Prime Inc. 1,060,815
4 CRST International 31,000
5 C.R. England Inc. 1,304,898
6 NFI 122,000
7 Celadon Group Inc. 30,000
8 Shaffer Trucking 210,000
9 KLLM Transport Services 937,000
10 Marten Transport Ltd. 375,851
11 Southern Refrigerated Transport 167,662
12 Stevens Transport 662,450
13 Day & Ross Transportation Group 62,450
14 Cowan Systems 38,881
15 CanXpress 122,867
16 Roehl Refrigerated Transport 36,213
17 Maverick USA 33,495
18 TransAm Trucking Inc. 270,000
19 T-W Transport 35,300
20 Hirschbach Motor Lines 251,697
21 MCT Transportation 84,018
22 John Christner Trucking 236,625
23 National Carriers Inc. 108,000
24 May Trucking 199,601
25 Decker Truck Line 104,000
26 Bay & Bay Transportation 74,808
27 Frialsa Logistica 127,100
28 WEL Companies 106,250
29 Continental Express Inc. 80,000
30 Transportes Garza Leal 30,600
31 J&R Schugel Trucking 114,000
32 Freymiller Inc. 84,000
Data for carriers in this sector may have been updated since the original date of publication.

Top Air/Expedited Carriers

Rank Company Sector Revenue (000)
1 XPO Logistics 253,500
2 Landstar System 20,130
3 Active Aero Group 720,000
4 Forward Air Corp. 570,800
5 Dicom Transportation Group 320,700
6 Bolt Express 31,839
7 LoadOne 97,000
Data for carriers in this sector may have been updated since the original date of publication.

Top Mail Carriers

Rank Company Sector Revenue (000)
1 UPS Inc. 168,963
2 FedEx Corp. 1,678,856
3 Salmon Cos. 241,796
4 Eagle Express Lines/Hoovestol Inc. 191,952
5 Matheson Trucking 96,360
6 Midwest Transport 91,194
7 American Airlines 86,349
8 United Airlines 161,131
9 Postal Fleet Services 100,892
10 Delta Air Lines 72,009
11 Kalitta Air 78,464
12 Southern Mail Service 77,275
13 Bancroft and Sons Transportation 69,502
14 Beco Inc. 43,446
15 Tracie McCormick Inc. 41,559
16 Alan Ritchey Inc. 41,376
17 B&B Trucking 38,316
18 Sodrel Truck Lines 31,683
19 Northern Air Cargo Inc. 31,683
20 Alaska Air Group 30,991
21 Postal Transport Inc. 30,966
22 URSA Logistics 43,820
Data for carriers in this sector may have been updated since the original date of publication.
About the Rankings...
Extras

About Us: Transport Topics' Top 100 For-Hire Carriers

About Us: Transport Topics' Top 100 For-Hire Carriers
103

On the Bubble

PGT Holdings ($214 million), Patrick Gallagher is chairman and CEO and Gregg Troian is president of this flatbed/heavy specialized carrier based in Monaca,Penn. The company has a fleet of 560 company-owned tractors and another 460 tractors provided by owner operators. A subsidiary called Southern Pines Trucking provides cyrogenic transportation services.

Top 100 For-Hire Carriers Press Release and Logo

If your company appears on the 2017 list, you have a few ways to announce it! Visit our logo library to get web- and print-ready graphics.
Top 100 News
Business, Top 100

USA Truck Acquires Davis Transfer Co.

USA Truck

USA Truck announced the purchase of Davis Transfer Co., a family-owned trucking company based in Carnesville, Ga., for $53 million in cash and stock, a deal that signals the start of a more aggressive growth strategy at USA Truck by the company’s new management team.

Daniel P. Bearth | Staff Writer
 October 22, 2018
Government, Business, Logistics, Top 50, Top 100

Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union

Package warehouse

U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement.

Cheryl Bolen | Bloomberg News
October 18, 2018
Business, Top 100

Marten Transport Posts Record Results in Third Quarter

Marten Transport

Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.

Daniel P. Bearth | Staff Writer
 October 17, 2018
Business, Top 100

Heartland Express Returns to Historical Levels of Profitability

Heartland Express

Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.

Daniel P. Bearth | Staff Writer
 October 17, 2018
Business, Top 50, Top 100

J.B. Hunt Revenue Soars, but Profits Lag in Third Quarter

J.B. Hunt

J.B. Hunt Transport Services reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of its four freight segments. Profits, however, did not keep pace as the company dealt with outstanding legal issues and absorbed start-up costs for several new large...

Daniel P. Bearth | Staff Writer
 October 16, 2018
Business, Top 100

UPS Announces Hiring Blitz for Holiday Shipping Season

UPS driver and truck

UPS Inc. plans to hire as many as 40,000 seasonal employees nationwide when it holds a one-day hiring blitz, the package delivery giant announced Oct. 15. UPS will hold 170 job fairs Oct. 19 and hire employees on the spot.

Dan Ronan | Associate News Editor
October 15, 2018
Business, Top 100

Element Sells Stock, Winds Down Investment in Celadon Joint Venture

Celadon

Element Fleet Management Corp. has sold 45 million shares of stock to a group of banks and investment firms for $300 million and will use the net proceeds to pay down debt and implement a plan to “meaningfully” improve the company’s financial performance and position the business for growth.

Daniel P. Bearth | Staff Writer
 October 15, 2018
Business, Logistics, Top 100

Universal Expands Drayage Business With Purchase of Specialized Rail Service

Universal

Universal Logistics Holdings expanded its intermodal drayage business in the western United States with the purchase of Specialized Rail Service Inc. for $12.3 million.

Transport Topics
 October 15, 2018
Business, Top 100

Teamsters Ratify Five-Year Contract With UPS

UPS

The International Brotherhood of Teamsters has ratified a new five-year contract with UPS Inc. for the company’s estimated 255,000 drivers and other employees who handle small freight.

Dan Ronan | Associate News Editor
October 11, 2018
Business, Technology, Autonomous, Top 50, Top 100

XPO Logistics Set to Acquire 5,000 Robots From Peter Thiel-Backed Startup

XPO logistics robot arm

XPO Logistics Inc. will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K. and eight other European countries.

Thomas Black | Bloomberg News
 October 3, 2018

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