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August 14 2023

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26 Journal of Commerce | August 14, 2023 www.joc.com Guide to Trucking & Midyear Review Special Report Top 40 US and Canadian Less-than-Truckload (LTL) Carriers Annual revenue, including fuel surcharges, in millions of US dollars 2021 2022 Percentage Public/ Rank Carrier Revenue Revenue change Private Comments 1 FedEx Freight $8,594 $10,186 18.5% Public 2 Old Dominion Freight Line $5,177 $6,177 19.3% Public 3 Yellow $5,078 $5,245 3.3% Public 4 XPO Logistics $4,192 $4,645 10.8% Public 5 Estes Express Lines $3,783 $4,405 16.4% Private 6 TFI International* $3,179 $4,023 26.5% Public Excludes Hot Line Freight and Siemens Transportation Group (STG), acquired in May 2023 7 ABF Freight System $2,518 $2,951 17.2% Public 8 R+L Carriers $2,427 $2,864 18.0% Private 9 Saia Motor Freight Line $2,289 $2,792 22.0% Public 10 Southeastern Freight Lines $1,476 $1,741 18.0% Private 11 Averitt Express $1,093 $1,302 19.1% Private 12 Central Transport $1,046 $1,236 18.2% Private 13 Dayton Freight Lines $863 $1,056 22.4% Private Acquired cartage division of Valley Companies 14 Forward Air $831 $969 16.6% Public 15 Pitt Ohio Transportation Group $792 $912 15.2% Private 16 AAA Cooper Transportation $653 $874 33.8% Public Excludes $64 million of non-LTL revenue; division of Knight-Swi 17 Manitoulin Transport* $660 $767 16.2% Private 18 Day & Ross Freight* $566 $710 25.4% Private 19 Mullen Group* $467 $599 28.3% Public 20 A. Duie Pyle $481 $568 18.1% Private 21 Daylight Transport $380 $389 2.4% Private

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