April 22, 2024 | Page 38

Top 40 Truckload and LTL Carriers

Special Report

Journal of Commerce Top 40 US and Canadian Less-Than-Truckload ( LTL ) Carriers

Annual revenues , including fuel surcharges , in millions of US dollars

Rank Carrier 2022 Revenue 2023 Revenue Percentage Change Ownership 1 FedEx Freight $ 10,186 $ 9,106 -10.6 % Public 2 Old Dominion Freight Line $ 6,177 $ 5,805 -6.0 % Public 3 XPO Logistics $ 4,645 $ 4,671 0.6 % Public 4 Estes Express Lines $ 4,405 $ 4,218 -4.2 % Private 5 R + L Carriers * $ 2,864 $ 3,070 7.2 % Private 6 TForce Freight $ 3,654 $ 3,036 -16.9 % Public 7 Saia LTL Freight $ 2,792 $ 2,881 3.2 % Public 8 ABF Freight System $ 2,951 $ 2,810 -4.8 % Public 9 Southeastern Freight Lines $ 1,741 $ 1,685 -3.2 % Private 10 Central Transport International * $ 1,236 $ 1,261 2.0 % Private 11 Averitt Express $ 1,288 $ 1,165 -9.5 % Private 12 Dayton Freight Lines $ 1,056 $ 1,035 -2.0 % Private 13 Pitt Ohio Transportation Group $ 912 $ 909 -0.3 % Private 14 Forward Air $ 969 $ 846 -12.7 % Public 15 Mullen Group * $ 779 $ 770 -1.1 % Public 16 AAA Cooper Transportation $ 727 $ 764 5.1 % Public 17 Manitoulin Transport * $ 767 $ 758 -1.2 % Private 18 Day & Ross Freight * $ 710 $ 624 -12.1 % Private 19 A . Duie Pyle $ 568 $ 570 0.4 % Private 20 Roadrunner $ 400 $ 410 2.5 % Private 21 Daylight Transport $ 389 $ 374 -3.9 % Private 22 Oak Harbor Freight Lines $ 338 $ 320 -5.3 % Private 23 Ward Trucking Corporation $ 256 $ 253 -1.2 % Private 24 FastFrate * $ 250 $ 226 -9.6 % Private 25 Cross Country Freight Solutions $ 187 $ 207 10.6 % Private 26 Midland Transport * $ 190 $ 171 -10.0 % Private 27 M-O Freight Lines * $ 178 $ 165 -7.3 % Private 28 Midwest Motor Express * $ 153 $ 160 4.6 % Public 29 Magnum LTL $ 152 $ 155 2.0 % Private 30 Lynden Transport $ 126 $ 132 4.8 % Private 31 Sutton Transport $ 112 $ 123 9.8 % Private 32 Span Alaska * $ 136 $ 121 -11.0 % Public 33 Dependable Highway Express $ 131 $ 112 -14.5 % Private 34 Peninsula Truck Lines * $ 110 $ 108 -1.8 % Private 35 Hercules Freight * $ 115 $ 107 -7.0 % Private 36 Standard Forwarding * $ 106 $ 98 -7.5 % Public 37 North Park Transportation $ 82 $ 94 14.6 % Private 38 Canada Cartage * $ 99 $ 92 -7.5 % Private 39 GLS Freight * $ 84 $ 86 2.4 % Public 40 N & M Transfer * $ 73 $ 66 -9.6 % Private TOTAL TOP 40 LTL CARRIERS $ 52,094 $ 49,564 -4.9 % ALL OTHER LTL CARRIERS $ 4,841 $ 4,641 -4.1 %

38 Journal of Commerce | April 22 , 2024 www . joc . com