The trucking industry generates billions of dollars in business revenue every year. Below, our truck accident lawyers take a look at some of the major players and how they stack up.
5. YRC Worldwide
This company takes its name from the two original companies, Yellow Corp. and Roadway Corp., that merged in 2003 to form shipping powerhouse YRC Worldwide. It has $4.7 billion in annual revenue. Headquartered in Overland Park, Kansas, YRC freight was honored in June 2017 as Walmart’s LTL carrier of the year. LTL carriers transport “less than truckload” freight. It currently serves over 800,000 customers.
4. XPO Logistics (Con-way Inc.)
Founded in 1989, this company is huge and works with IKEA, Disney, Boeing, and more. It currently has $15 billion in annual revenue and serves over 50,000 customers. It is the second largest LTL (less than truckload) carrier in the US. Their US headquarters is in Greenwich, Connecticut. They have the largest fleet in Europe, and in Western Europe, they are the leading LTL carrier.
3. J.B. Hunt
J.B. Hunt, named after its founder, Johnnie Bryan Hunt, is based in Lowell, Arkansas. They were incorporated in 1961. Today, the company has grown to annual revenues of $7 billion, and operates in Mexico and Canada, in addition to the US. They employ 22,000 people.
2. FedEx Ground
FedEx Ground was originally called RPSand was conceived as a low-cost alternative to UPS. They teamed up with Federal Express in 1998 and rebranded as FedEx in 2002. Headquartered in Moon Township, Pennsylvania, they now earn about $50.3 billion in annual revenue.
UPS is the world’s largest package delivery company. They earn about $60.9 billion in annual revenue. They are based in Sandy Springs, Georgia, which is in the Atlanta area. They also own their own freight and cargo airline, which is based out of Louisville, Kentucky. Always at the forefront of package delivery, they launched their next day air service in 1985, way ahead of others. They acquired Mailboxes, Etc. in 2001 and rebranded them in 2003 as “The UPS Store.” UPS employs 362,000 people in the United States alone.
This rounds out the top five trucking companies in the nation. Some are in direct competition, and some are in a different niche from one another. Different trucking companies run their maintenance and inspection programs differently on their fleets of trucks. Some companies are stricter about their driver training programs. If you or a family member are involved in a truck accident, contact a truck accident lawyer. There are a lot of things to consider if you’ve been in an accident with a professional driver.
You may not know whose responsibility it was to service and maintain the truck that was involved in the accident. A truck accident attorney will know who to contact at the trucking company to get service and maintenance records. They will be able to guide you through everything you need to do and get you the fairest settlement possible.