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, Logistics, For-Hire

UPS Reports 41% Earnings Drop During Q1

UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.

Connor D. Wolf | Staff Reporter
April 23, 2024
Government, Business, For-Hire

Five Auto Haulers to Merge as Backer Files for IPO

Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.

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

J.B. Hunt Reports $2.9 Billion Revenue for Q1

J.B. Hunt Transport Services Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 16.

Connor D. Wolf | Staff Reporter
April 17, 2024
Business, Technology, For-Hire

Truck Software Developer Platform Science Raises $125M

Platform Science raised $125 million in capital to accelerate the launch of its software platform with additional truck manufacturers, a spokesperson for the company said April 16.

Keiron Greenhalgh | Staff Reporter
April 17, 2024
Government, Business, Technology, Equipment, Logistics, For-Hire, Global Freight

Amazon Becomes the Largest US Private EV Charging Operator

Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.

Matt Day | Bloomberg News
April 15, 2024
Business, Fuel, Logistics, For-Hire

Kenan Advantage Group Owner Omers Exploring IPO

Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.

Gillian Tan and Paula Sambo | Bloomberg News
April 12, 2024
Business, For-Hire

Roadrunner Opens Service Center in Atlanta

Roadrunner opened a new less-than-truckload service center in Atlanta, the longhaul freight carrier announced April 10.

Connor D. Wolf | Staff Reporter
April 10, 2024
Business, Technology, Autonomous, For-Hire

Kodiak Forms Autonomous Truck Council With Walmart, UPS

Kodiak Robotics launched an advisory council to bolster its efforts to commercialize autonomous trucks with the help of trucking industry leaders, the company announced March 27.

Connor D. Wolf | Staff Reporter
April 8, 2024
Government, Business, Logistics, For-Hire, TCA

Penske Sues Sacramento Over Environmental Plan

Penske Truck Leasing Co. has sued the city of Sacramento, Calif., alleging the city's environmental plan will harm the company's large North Sacramento facility.

Theresa Cliff | The Sacramento Bee
April 4, 2024
Government, Business, Logistics, For-Hire

UPS to Become the Primary Air Cargo Provider for USPS

UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.

Michelle Chapman | Associated Press
April 1, 2024
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