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2020 Top 100 For-Hire Carriers Is an Annual Publication Produced by Transport Topics, with Assistance from SJ Consulting Group

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2020 Top 100 For-Hire Carriers Is an Annual Publication Produced by Transport Topics, with Assistance from SJ Consulting Group COVID-19 Pandemic Muddles Outlook For Top 100 For-Hire Carriers he COVID-19 pandemic has transformed 2020 into a chal- Indianapolis, had ranked No. 38 a year ago. lenging and unprecedented year for the trucking industry. Meanwhile, familiar names continue to dominate the top of the T Freight networks faced major disruptions as businesses tem- 2020 list of North America’s largest for-hire carriers. Parcel giant porarily closed and people stayed home to help contain the spread of UPS Inc. remains firmly entrenched at No. 1, followed closely by the virus, bringing much of the economy to a standstill. rival FedEx Corp. Schneider, meanwhile, cracked the top 5 by edging past YRC Worldwide and Knight-Swift Transportation Holdings. Further down the list, several other carriers made notable jumps. Day & Ross Transportation Group, based in Hartland, New Bruns- Seth Clevenger wick, climbed to No. 37, from No. 46 a year ago. The Canadian car- rier ex panded its dedicated operations in the United States through Managing Editor, Features its April 2019 acquisition of A&S Kinard and Buckler Transport. Refrigerated carrier John Christner Trucking also continued its ascent. The Sapulpa, Okla.-based company’s ranking increased this year to No. 83, from No. 89 a year ago and No. 99 in 2018. Another big mover was Challenger Group, based in Cambridge, This public health crisis has forced North America’s largest for-hire Ontario. The company rose to No. 84, from No. 95 last year, as rev- carriers to adjust their operations while implementing safety mea- enue increased 17.5%. sures to keep their employees healthy as they continued to deliver Making its debut on the Top 100 this year is FFE Transportation essential goods. Services of Lancaster, Texas. The refrigerated less-than-truckload The 2020 Transport Topics Top 100 For-Hire Carriers list does carrier checks in at No. 97. not capture the pandemic’s financial impact on these companies be- Several other carriers are back in the Top 100 after missing the cause it is based on full-year revenue from 2019, but the economic cut for the past few years. No. 88 Consolidated Fastfrate, an LTL damage inflicted by COVID-19 may very well shake up the rankings and intermodal carrier in Woodbridge, Ontario, and No. 90 Dupré next year. Logistics, a bulk carrier based in Lafayette, La., both return to the At least for now, though, the Top 100 list is fairly stable. Top 100 for the first time since 2016. Overall, major fleets reported mixed results that reflect a less fa- The Transport Topics Top 100 list and the associated industry vorable business environment in 2019 than in 2018, which was a sector lists rank the largest for-hire carriers in the United States, banner year for trucking. Canada and Mexico based on annual revenue. One of the biggest changes on this year’s Top 100 is the absence Most of the information comes from companies’ responses to a of Cel adon Group, which filed for bankruptcy and ceased oper- survey conducted by Transport Topics, along with public finan- ations in December 2019. Earlier that year, the publicly traded cial reports. S.J. Consulting Group provided revenue estimates for fleet agreed to pay $42 million in restitution for hiding losses some carriers that did not report data. The lists also include data from investors and auditors after a financial fraud investigation compiled by Bulk Transporter magazine and legal services firm by the U.S. Department of Justice. Celadon, which was based in Husch Blackwell. Acknowledgments and Sources The 2020 Top 100 For-Hire Carriers is an annual publication produced by Transport Topics, with assistance from SJ Consulting Group. Seth Clevenger, TT’s managing editor of features, coordinated the project with the help of Multiplatform Coordinator Joe Antoshak and Features Coordinator Marissa Gamache. Firms wishing to participate in the 2021 Top 100 list can contact TRANSPORT TOPICS at [email protected]. Transport Topics Top 100 For-Hire Carriers is sponsored online by EFS and Trimble Rank Rank Revenue % Net Income % Operating Units 2020 2019 Company (000) Change (000) Change Employees Equipment (Description of Services) 1 UPS Inc. $74,094,000 3.1 $4,440,000 -7.3 495,000 19,851 company-owned UPS Package Operations (air and ground package Atlanta $71,861,000 $4,791,000 481,000 tractors delivery) 1 85,018 pickups and vans UPS Supply Chain Solutions (transportation management, NYSE: UPS 107,542 total trailers air, ocean, rail and ground freight forwarding, customs Carol Tomé, CEO 107,326 dry van brokerage, supply chain consulting and network Jim Barber, COO 5 temperature controlled design, dedicated contract carriage, service parts Brian Newman, CFO 211 flatbed distribution and repair, returns management, order Juan Perez, Chief Information and Engineering 6,270 containers fulfillment, assembly and distribution) Officer 564 aircraft Coyote Logistics (freight brokerage) ups.com UPS Freight (regional and interregional LTL, truckload, expedited, dedicated contract carriage, refrigerated intermodal) UPS Capital Corp. (equipment leasing, trade finance, freight payment and insurance) UPS Mail Innovations (mail processing) The UPS Store Inc. (franchiser of retail shipping, postal and business service stores) Marken (supply chain services in pharmaceutical and life sciences industries) Ware2Go (on-demand warehouse services) 2 FedEx Corp. $68,869,000 -0.5 $2,359,000 -35.1 475,000 29,813 company-owned FedEx Express (domestic and international air and Memphis, Tenn. $69,200,000 $3,636,000 425,000 tractors ground package delivery) 2 80,417 straight trucks FedEx Ground (commercial and residential ground NYSE: FDX 113,218 total trailers package delivery and consolidation) Frederick Smith, Chairman and CEO 679 aircraft FedEx Logistics (air and ocean freight forwarding, Rajesh Subramaniam, President and COO supply chain consulting, warehousing and distribution, Alan Graf Jr., CFO returned goods management, 3-D printing, parts Don Colleran, President and CEO, FedEx Express testing, repair and refurbishment, expedited, order Henry Maier, President and CEO, FedEx Ground fulfillment and contract packaging, cross-border John Smith, President and CEO, FedEx Freight e-commerce, customs brokerage, trade management) fedex.com FedEx Freight (regional and national LTL, expedited) FedEx Services (sales and marketing, information technology support, e-commerce services) FedEx Office (copying and printing services, signs and banners) 3 XPO Logistics $16,648,000 -3.7 $379,000 -2.8 100,000 15,500 company-owned XPO Transportation (freight brokerage, regional and Greenwich, Conn. $17,279,000 $390,000 100,000 tractors interregional LTL, dry van and refrigerated TL, 3 40,000 total trailers dedicated contract carriage, intermodal/drayage, air/ NYSE: XPO 10,000 containers expedited, commercial and residential delivery, air and Bradley Jacobs, Chairman and CEO ocean freight forwarding) Troy Cooper, President XPO Logistics (warehousing and distribution, order Tony Brooks, President, LTL North America fufillment, returned goods management, transportation Mario Harik, CIO management, supply chain consulting) Matthew Fassler, Chief Strategy Officer Meghan Henson, Chief Human Resources Officer Greg Ritter, Chief Customer Officer xpo.com Revenue and net income figures printed in black reflect 2019 financial results. Numbers for previous year printed in GOLD. NA = not available or not applicable e = estimate Transport Topics Top 100 For-Hire Carriers Rank Rank Revenue % Net Income % Operating Units 2020 2019 Company (000) Change (000) Change Employees Equipment (Description of Services) 4 J.B. Hunt Transport Services $9,165,258 6.4 $516,000 5.4 29,106 16,376 company-owned J.B. Hunt Intermodal (intermodal/drayage) Lowell, Ark. $8,614,874 $489,585 28,300 tractors J.B. Hunt Truckload (dry van TL) 4 1,596 owner-operator tractorsJ.B. Hunt Dedicated Contract Services (dedicated contract Nasdaq: JBHT 35,093 total trailers carriage, commercial and residential delivery and Kirk Thompson, Chairman 96,743 containers installation services, includes operations of Cory 1st John Roberts III, President and CEO Choice Home Delivery acquired in January) Craig Harper, COO J.B. Hunt Integrated Capacity Solutions (freight brokerage) Shelley Simpson, CCO jbhunt.com 7 Schneider $5,000,000 0.5 $147,000 -45.3 15,650 9,000 company-owned Schneider Truckload Services (dry van and refrigerated Green Bay, Wis. $4,977,000 $268,900 19,400 tractors TL, expedited, dedicated contract carriage, liquid bulk, 5 35,100 total trailers chemical and petroleum tank, flatbed/heavy specialized, NYSE: SNDR 23,100 containers commercial and residential delivery, LTL) Adam Godfrey, Chairman Schneider Intermodal Services (intermodal and drayage) Mark Rourke, President and CEO Schneider Logistics Services (transportation management, Stephen Bruffett, CFO freight brokerage, transloading and port drayage, cross- Shaleen Devgun, CIO border services, warehousing and distribution, supply Angela Fish, SVP of Human Resources chain consulting and network design, domestic and Dave Geyer, EVP of Transportation & Logistics international freight service in China) Rob Reich, Chief Administrative Officer Schneider Finance (equipment leasing) schneider.com 6 YRC Worldwide $4,871,200 -4.3 ($104,000) NA 30,000 10,300 company-owned YRC Freight (national and international LTL and TL, Overland Park, Kan. $5,092,000 $20,200 31,000 tractors expedited, cross-border services) 6 3,800 lease-to-own tractors YRC Reimer (regional and interregional LTL in Canada, Nasdaq:
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