2020 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
Fleets have been overcoming unprecedented challenges to keep essential freight moving during the pandemic.
See the locations of the headquarters for each of the Top 100 for-hire carriers in North America.
COVID-19 has transformed 2020 into a tumultuous year for trucking, but the Top 100 list remains stable, at least for now.
Rankings
Rank Company Revenue (000)
1 Forward Air 804,100
2 Roadrunner Freight 672,965
est
3 XPO 477,300
4 ArcBest 252,000
5 Landstar System 121,485
6 LoadOne 108,000
est
7 Magnate Worldwide 73,000
8 Averitt Express 12,236
est
9 Sameday Worldwide 9,046
Extras
If your company appears in the 2020 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
110

On the Bubble

Magnate Worldwide ($235 million), is an air and expedited carrier based in Toledo, Ohio
Learn more about Transport Topics' Top 100 For-Hire Companies publication.
COVID-19 has created significant financial challenges for many trucking and logistics companies.
Fleets are emphasizing cleaning and physical distancing at loading docks to help protect drivers from COVID-19.
Drivers have been more isolated than usual during the pandemic due to social distancing measures.
Market uncertainty due to COVID-19 has depressed demand for new trucking equipment.
Small trucking companies such as Boyle Transportation are playing a direct role in the response to COVID-19.
Industry experts explain how this public health crisis might change freight transportation in the years ahead.
For-Hire News
Business, For-Hire

USA Truck Reports Earnings, Revenue Growth for Q1

USA Truck posted increased year-over-year profits and revenue during the first quarter, the company reported April 28.

Connor D. Wolf | Staff Reporter
April 29, 2022
Business, For-Hire

ArcBest Reports $1.3 Billion Revenue for Q1

ArcBest Corp. saw a surge in profits and revenue in the first quarter of 2022, the company reported April 29.

Connor D. Wolf | Staff Reporter
April 29, 2022
Business, For-Hire

TFI International Posts Large Profit, Revenue Gains

TFI International more than doubled its first-quarter profit as it capitalized on solid freight demand and the integration of the UPS Freight operations it acquired last year.

Jerry Hirsch | Contributing Writer
April 29, 2022
Business, For-Hire

Forward Air Reports Revenue, Earnings Records for Q1

Forward Air Corp. set all-time quarterly records for revenue, net income and earnings per diluted share during the first quarter, the company reported April 27.

Connor D. Wolf | Staff Reporter
April 28, 2022
Business, For-Hire

Covenant Logistics Posts $291.6 Million in Revenue for Q1

Covenant Logistics Group Inc. saw revenue and earnings improvements during the first quarter of 2022, the company reported April 27.

Connor D. Wolf | Staff Reporter
April 28, 2022
Business, For-Hire

Old Dominion Freight Line Reports Record Revenue for Q1

Old Dominion Freight Line’s revenue reached a record during the first quarter, the company announced April 27.

Connor D. Wolf | Staff Reporter
April 27, 2022
Business, Logistics, For-Hire

UPS Reports Strong Q1 Earnings Amid Lower Package Volume

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

Dan Ronan | Senior Reporter
April 26, 2022
Business, For-Hire

Does Your Business Belong on Our List of Top 100 For-Hire Carriers?

Think your company deserves a spot on our prestigious 2022 For-Hire Carriers rankings? Or perhaps on one of our sector lists? Fill out our survey so you can be included!

April 25, 2022
Business, Technology, Logistics, For-Hire

Ryder Opens Third E-Commerce Distribution Center in Columbus Market

Ryder System Inc. opened its third multiclient omnichannel distribution center in Columbus, Ohio, the company announced April 25.

Connor D. Wolf | Staff Reporter
April 25, 2022
Business, For-Hire

Penske Truck Leasing Expands in Washington State

Penske Truck Leasing announced it opened a new facility in Everett, Wash., that offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance.

April 22, 2022
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