Growth Amidst Challenges: Despite a broad market cooldown, over half of the TT100 companies expanded their fleets. Standouts include:
PepsiCo: Remains No. 1, growing its fleet by over 1,500 tractors to 12,590.
Walmart Inc.: At No. 2, utilized a new driver training program, boasting 11,361 tractors.
Sysco: Holding its No. 3 spot with 9,345 tractors.
Amazon.com Inc.: Leaped to No. 9, operating 3,909 tractors and a staggering 40,677 trailers.
M&A Activity: The business landscape shifts as:
Kroger Co. aims to acquire Albertsons Cos., merging the No. 38 and No. 40 private fleet operators.
Darling Ingredients rose to No. 30 after acquiring Valley Proteins.
Knife River Corp. emerges as No. 70 after spinning off from MDU Resources.
Newcomers: Notable additions to the list include:
MasTec Inc. (No. 73): An infrastructure engineering construction firm.
Nine Energy Service (No. 96): Oil field services provider.
McKee Foods Corp. (No. 97): Distributor of the famed Little Debbie snacks.
Lipari Foods (No. 100): Distributor to 32 states.
Top 10 TT100 Private Carriers
Here's the full list of the Top 10 private carriers for 2023.
1. PepsiCo Inc.
Rank Last Year: 1
Annual Revenue: $86.4 billion
PepsiCo is a global food and beverage leader, with a vast product line that includes brands like Pepsi, Lay's, Quaker, Doritos, and Tropicana, among others.
2. Walmart Inc.
Rank Last Year: 2
Annual Revenue: $611.3 billion
Walmart, the world's largest retailer, operates one of North America's largest private trucking fleets. The company recently launched a program to train in-store and warehouse employees to become professional truck drivers.
3. Sysco Corp.
Rank Last Year: 3
Annual Revenue: $68 billion
Sysco is a major global distributor of food products, catering to restaurants, healthcare facilities, educational institutions, and other dining establishments.
4. US Foods
Rank Last Year: 4
Annual Revenue: $34 billion
US Foods is another leading foodservice distributor, supplying restaurants, hospitals, and hotels with a wide variety of products.
5. Performance Food Group
Rank Last Year: 5
Annual Revenue: $50.9 billion
PFG delivers over 200,000 food and related products to customers across the US, making it one of the key players in the food distribution market.
6. Reyes Holdings
Rank Last Year: 7
Annual Revenue: -
Reyes Holdings operates in food and beverage distribution, serving some of the most recognized brands in the world.
7. Halliburton Co.
Rank Last Year: 6
Annual Revenue: $20.3 billion
Halliburton is an American multinational corporation and one of the world's largest oil field service companies, providing products and services to the energy sector.
8. McLane Co.
Rank Last Year: 8
Annual Revenue: $53.2 billion
McLane offers supply chain solutions for businesses, distributing grocery and non-food products across the US.
9. Amazon.com Inc.
Rank Last Year: 19
Annual Revenue: $514 billion
Amazon continues to grow its private trucking fleet, lessening its reliance on UPS, FedEx, and USPS and earning its spot in the top 10.
10. United Rentals
Rank Last Year: 12
Annual Revenue: $11.6 billion
United Rentals is the largest equipment rental company in the world, offering a diverse range of equipment for rent to customers, including construction and industrial organizations.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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