2025年北美私营物流企业100强报告

PRIVATE CARRIERS TARIFFTURBULENCE Privateeet operators are weathering the storm as rapidlyshifting trade policies create market uncertainty and roilinternational supply chains INSIDE:THE TOP 100 LIST Top 100 Private Carriers Tap BrakesOn Growth in Uncertain Environment The largest private carriers in North Amer-ica have been navigating unpredictablemarkets and shifting freight patterns thisyear as tariffs and trade negotiations shake up thestatus quo for international supply chains. list, this year’s Top 100 also includes some prom-inent newcomers. uncertain economic outlook. Meanwhile, mergers and acquisitions continuedto reshape the business landscape for private fleetoperators, but the biggest development on thatfront was a proposed merger in the grocery sectorthat did not move forward. After several years’ absence, beverage companyKeurig Dr Pepper rejoins the list at No. 12 dueto the availability of updated equipment data. TheFrisco, Texas-based business operates 2,591 trac-tors in its private fleet. More than two years after No. 31 The KrogerCo. and No. 48 Albertsons Cos. announced plansto combine their businesses, Albertsons formal-ly terminated the agreement in December afterfederal and state courts blocked the deal due toantitrust concerns. Other additions this year include No. 19 DairyFarmers of America, a dairy cooperative that pro-duces and distributes milk through a network ofmore than 5,000 family farms across the UnitedStates, and No. 60 EquipmentShare, a construc-tion equipment rental firm with locations in 44states. Seth Clevenger Managing Editor,Features and Multimedia Meanwhile,the possibility of a blockbustermerger in the food service sector has attractedsignificant attention in recent months. US Foodshas approached rival Performance Food Groupto explore the benefits of a potential combination,but to date, PFG has declined to do so, US FoodsCEO Dave Flitman confirmed on the company’sAug. 7 earnings call. If such a merger were to ma-terialize, the combined business would becomethe biggest U.S. food distributor while uniting twoof the five largest private fleet operators in NorthAmerica. While operating conditions vary from one seg-ment of the economy to the next, all the compa-nies that appear on the 2025Transport TopicsTop 100 Private Carriers list have been adaptingto a changing business landscape in their own way.Despite the supply chain upheaval, this annual Debuting at No. 70 is building products suppli-er QXO Inc., which completed its acquisition ofBeacon Roofing Supply in April and replaces thatcompany on this year’s Top 100 list. QXO is the latest venture of serial entrepreneurBrad Jacobs, who previously formed less-than-truckload carrier XPO and its recent spin-offs, con-tract logistics provider GXO and freight brokerageRXO. Prior to that, Jacobs founded constructionequipment supplier United Rentals, which ranksNo. 13 on this list, and United Waste Systems,which is now part of Waste Management. ranking of private fleet operators has remainedrelatively stable with the top six companies retain-ing their same rankings as a year ago. Retail giant Walmart Inc. claims the No. 1 po-sition for a second straight year after slightly ex-panding its tractor fleet to 12,696 power units andextending its lead over No. 2 PepsiCo Inc., whichit overtook last year for the top spot. Prior to that,the soft drink and snack food company had toppedthis list for the previous 14 years. Separately, PFG, which ranks No. 4 on the Top100, in October closed its acquisition of CheneyBrothers, a food service distributor in Florida andNorth Carolina that had ranked No. 83 on lastyear’s list. Another newcomer this year is No. 89 Pepsi Bot-tling Ventures, an independent Pepsi-Cola bottlerand distributor based in Raleigh, N.C. Looking ahead, C&S Wholesale Grocers in Juneannounced an agreement to acquire grocery dis-tributor SpartanNash, whose private fleet ranksNo. 77 this year. The companies expect the mer-ger to close in late 2025. While Walmart continued to grow its fleet lastyear, albeit at a slower pace, many other large pri-vate carriers hit the pause button. A narrow major-ity of companies on this year’s Top 100 list eithertrimmed the size of their in-house truck fleets ormaintained the same tractor count as a year ago. Further down the list, beverage distributor Co-lumbia Distributing returns at No. 98 after drop-ping out of the Top 100 for one year. Clayton Homes, a Berkshire Hathaway subsidi-ary that builds manufactured housing and modularhomes, cracks the list for the first time at No. 99. Further consolidation also is taking hold in theequipment rental industry. In June, No. 36 HercRentalsacquired H&E Equipment Services,which ranked No. 94 on this list a year ago. That shift may indicate a slowdown in the invest-ments that many shippers have made in their ownprivate fleets in recent years, even at a time whenfor-hire truck capacity has been abundant andavailable at favorable rat