The 50 largest U.S. and Canadian truckload carriers ranked by revenue grew 13.4 percent in 2011, with combined sales for the year rising to $32.6 billion. That compares with combined revenue of $28.8 billion in 2010, according to estimates prepared for The Journal of Commerce by SJ Consulting Group.
The truckload carrier group outpaced the 50 largest less-than-truckload carriers, which increased revenue 11.9 percent in 2011 to $31 billion.
The truckload carrier list will be published in the 2012 Journal of Commerce Guide to Trucking, available as a supplement to the Aug. 20 edition of the JOC.
The SJ Consulting list includes eight companies with revenue above the billion-dollar mark, from Swift Transportation to $1 billion C.R. England of Salt Lake City. The other carriers include Schneider National, Werner Enterprises, Landstar System, U.S. Xpress Enterprises, J.B. Hunt Transport Services and Prime.
Twelve truckload carriers had between $500 million and $999 million in revenue last year, and 30 carriers on the list had less than $500 million in revenue.
Thirty of the carriers on the list experienced double-digit revenue growth in 2011, with 21 of the companies increasing sales from 10 to 20 percent from 2010. Seven companies increased revenue between 20 and 30 percent year-over-year in 2011, and two Acme Truck Line and Transport America, grew even faster.
Transport America was the fastest growing company on the list, acquiring Southern Cal Transport in 2011 and increasing revenue 86.1 percent to $371 million.
Gretna, La.-based Acme expanded revenue 59 percent to $394 million for the fastest organic revenue growth among the motor carriers on the list, SJ Consulting said.