William B. Cassidy | Apr 11, 2011 4:30PM EDT
The select group of trucking companies with more than a billion dollars in annual revenue expanded last year, as three carriers shot past the revenue threshold.
That left 16 motor carriers in trucking's billion-dollar club, according to a list of the Top 50 Trucking Companies ranked by revenue prepared by SJ Consulting Group.
The billion-dollar club had combined revenue of $66.5 billion, 77.9 percent of the total revenue for the top 50 carriers. That was a 14.1 percent increase from 2009.
The billion-dollar carriers outpaced the list as a whole, which increased revenue 9.4 percent last year, as the biggest carriers benefited from the recovery.
The Top 50 were led by UPS and FedEx, which were the only two companies in the group with revenue exceeding $10 billion, according to SJ Consulting.
The consulting firm counted only trucking revenue at the transportation giants, leaving out revenue from logistics, supply chain and air express units.
In addition to UPS and FedEx, the billion-dollar club included truckload carriers, less-than-truckload carriers and an asset-light dedicated truckload operator.
A full report on the top 50 trucking companies will be published in the April 18 issue of The Journal of Commerce and will be available to JOC members online.
-- Contact William B. Cassidy at wcassidy@joc.com. Follow him on Twitter @Wbcassidy_joc.
