2023 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

North America’s largest trucking companies continued growth in 2022 despite a weaker freight environment

Recruiting the truckers of tomorrow is a top priority for trucking companies preparing for years to come

Find out where the Top 100 For-Hire carriers are located by region; click links to view details about the company

Rankings
Rank Company Revenue (000)
1 Forward Air 1,151,244
est
2 Covenant Logistics Group 452,713
3 ArcBest 383,620
4 Magnate Worldwide 73,000
est
5 Sameday Worldwide 7,400
est
6 NFI 5,000
Extras

A top industry concern for years, suitable parking spaces remain elusive for many truckers

101

On the Bubble

CrossCountry Freight Solutions ($250 million), is a truckload and LTL carrier based in Bismarck, N.D.

The numerous, complex regulations faced by the trucking industry can be made simpler using new technology

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics

While mergers and acquisitions alter the business landscape, top for-hire carriers grew revenues across segments in 2022

Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list

For-Hire News
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
Government, Business, Technology, For-Hire

Work Continues on Establishing PC-12 Oil Category

PC-12 will replace the current API CK-4 and FA-4 engine oils, but there are still hurdles ahead of the finish line.

Michael Freeze | Features Editor
March 29, 2024
Business, Logistics, For-Hire

UPS Sees Sales, Profit Growth Coming Out of ‘Difficult’ 2023

UPS Inc. expects sales and profit to grow over the next three years as the courier overcomes soft demand for package delivery coming out of the pandemic.

Kiel Porter | Bloomberg News
March 26, 2024
Business, Logistics, For-Hire

Amazon Delivery Rival Pandion Secures Funding for Expansion

E-commerce logistics startup Pandion — which helps retailers like Saks Fifth Avenue compete with Amazon’s delivery — has secured $41.5 million in fresh funds to expand its operation.

Spencer Soper | Bloomberg News
March 22, 2024
Business, For-Hire

FedEx Plans $5 Billion Buyback of Shares

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

March 21, 2024
Government, Business, Technology, Logistics, For-Hire

Aerolane Seeks to Use Freighter Planes to Pull Cargo Gliders

Aerolane is testing a business plan to pull cargo gliders with small freighter planes.

Thomas Black | Bloomberg News
March 19, 2024
Business, Equipment, Logistics, For-Hire

PS Logistics Buys Yordy Transport, Boosts Flatbed Ops Again

Diamond State Trucking & Logistics is to buy Morton, Ill.-based flatbed carrier Yordy Transport for an undisclosed sum, parent company PS Logistics said.

Keiron Greenhalgh | Staff Reporter
March 14, 2024
Business, Logistics, For-Hire

TFI Buys Hercules Forwarding to Boost US LTL Operations

TFI International is to buy less-than-truckload carrier Hercules Forwarding Inc. for an undisclosed sum, it said.

Keiron Greenhalgh | Staff Reporter
March 12, 2024
Business, Technology, Equipment, For-Hire, Private

PepsiCo, Estes Express Earn Sustainability Pathfinder Awards

NEW ORLEANS — Transport Topics has presented its inaugural Sustainability Pathfinder awards to PepsiCo and Estes Express in recognition of efforts to curb emissions and eliminate waste.

March 6, 2024
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