2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.
The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.
Find out where the Top 100 For-Hire Carriers are based.
Rankings
Rank Company Revenue (000)
1 Forward Air 1,151,244
2 ArcBest 359,900
3 Covenant Logistics Group 337,100
4 Magnate Worldwide 73,000
est
5 Sameday Worldwide 7,400
6 NFI 5,000
Extras
Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.
If your company appears in the 2022 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.
For-Hire News
Business, Fuel, Logistics, For-Hire

Penske Forms EV Infrastructure Advisory JV With Mitsui Unit

LAS VEGAS — Penske Transportation Solutions and ForeFront Power are teaming up for an electric vehicle infrastructure advisory joint venture to be known as Penske Energy, the partners said May 21.

Keiron Greenhalgh | Staff Reporter
May 28, 2024
Business, Technology, Equipment, Fuel, For-Hire

Kenworth to Start Production of T680s, T880s With X15N in Q3

Kenworth plans to begin production of its Class 8 T680 tractor and T880 vocational truck with Cummins’ X15N natural gas engine in the third quarter of 2024, it said May 15.

Keiron Greenhalgh | Staff Reporter
May 17, 2024
Government, Business, For-Hire

Infrastructure Stakeholders Renew Calls for Funding

WASHINGTON — Approving legislation that promotes funding for safety programs and supply chain connectivity is atop the priority list for infrastructure stakeholders.

Eugene Mulero | Senior Reporter
May 15, 2024
Business, Equipment, Fuel, Logistics, For-Hire

Ryder: Switching to a Class 8 EV May Double Vehicle Costs

A new analysis by leasing and logistics specialist Ryder System indicates the business case for swapping a diesel or gasoline van or truck for an EV is shaky for much of the trucking industry.

Keiron Greenhalgh | Staff Reporter
May 14, 2024
Business, Equipment, For-Hire

TFI Buys Quebec-Based Truckload Carrier in Fourth 2024 Deal

TFI International acquired Quebec-based specialized truckload carrier Transport MJ Lavoie for an undisclosed sum, its fourth purchase so far in 2024.

Keiron Greenhalgh | Staff Reporter
May 13, 2024
Business, Logistics, For-Hire

UPS Finance Chief to Leave Parcel Giant to Focus on Health

UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.

Kiel Porter | Bloomberg News
May 6, 2024
Business, For-Hire

Mullen Group Closes ContainerWorld Acquisition

Mullen Group closed its previously announced acquisition of fellow Canadian business ContainerWorld Forwarding Services, the company revealed May 3.

Connor D. Wolf | Staff Reporter
May 3, 2024
Business, Logistics, For-Hire

Schneider Reports Revenue Decline of 8% to $1.32B for Q1

Schneider experienced a year-over-year decline in revenue to $1.32 billion during the first quarter of 2024, the company reported May 2.

Connor D. Wolf | Staff Reporter
May 2, 2024
Government, Business, Safety, For-Hire

Safety, HR Professionals Connect at ATA Conference

PHOENIX — More than 450 professionals came together to identify ways to improve the trucking industry at ATA's Safety, Security and Human Resources National Conference and Exhibition.

Mindy Long | Special to Transport Topics
May 1, 2024
Government, Business, Technology, For-Hire

Pitt Ohio Executive Targets EV Infrastructure

WASHINGTON — Ensuring electric commercial vehicles have reliable access to charging infrastructure remains a persistent challenge, a trucking executive recently told policymakers.

Eugene Mulero | Senior Reporter
May 1, 2024
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