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In a softer freight year, TT100 carriers showcased resilience. Highlights include PepsiCo's growth, Amazon's rise, and notable newcomers and mergers.
In a year marked by a softer freight environment, carriers on the Transport Topics Top 100 Private Carriers list have adeptly adjusted, boasting increased revenues and fleet sizes.
Growth Amidst Challenges:
Despite a broad market cooldown, over half of the TT100 companies expanded their fleets. Standouts include:
M&A Activity:
The business landscape shifts as:
Newcomers:
Notable additions to the list include:
Here's the full list of the Top 10 private carriers for 2023.
1. PepsiCo Inc.
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.
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.
Sysco is a major global distributor of food products, catering to restaurants, healthcare facilities, educational institutions, and other dining establishments.
4. US Foods
US Foods is another leading foodservice distributor, supplying restaurants, hospitals, and hotels with a wide variety of products.
5. Performance Food Group
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
Reyes Holdings operates in food and beverage distribution, serving some of the most recognized brands in the world.
7. Halliburton Co.
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.
McLane offers supply chain solutions for businesses, distributing grocery and non-food products across the US.
9. Amazon.com Inc.
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
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.
Source: Transport Topics
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