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

104

On the Bubble

Highlight Motor Group ($217 million), is a truckload and LTL carrier based in Concord, Ontario.

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
Business, Logistics, For-Hire, Top 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024
Business, For-Hire

Saia Reports Q3 Revenue Growth Amid Network Expansion

Saia Inc. reported Oct. 25 that it was able to post record-high third-quarter revenue amid an ongoing effort to expand its operational footprint.

Connor D. Wolf | Staff Reporter
October 25, 2024
Business, Logistics, For-Hire, Global Freight, TCA

Anchorage’s International Airport Adds 5 Carriers

The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.

Alex DeMarban | Anchorage Daily News
October 25, 2024
Business, Logistics, For-Hire, Top 100

Ryder Q3 Profit Slides Even as Acquisitions Boost Revenue

Looking forward, Chief Financial Officer John Diez said Ryder expects earnings growth in the fourth quarter as a result of its contractual portfolio.

Keiron Greenhalgh | Staff Reporter
October 24, 2024
Business, Logistics, For-Hire, Top 100

Mullen Group Q3 Earnings Dip Despite Revenue Growth

The Okotoks, Alberta-based company posted net income of C$38.3 million, or 41 cents a diluted share, for the three months ending Sept. 30.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, For-Hire

Knight-Swift Reports Nearly $1.9B in Revenue for Q3

Knight-Swift Transportation Holdings experienced a 49.4% decline in earnings year over year during the third quarter of 2024, the company reported Oct. 23.

Connor D. Wolf | Staff Reporter
October 24, 2024
Business, For-Hire

UPS Sees Profit Growth for First Time in Nearly Two Years

UPS Inc. posted a year-over-year increase in revenue during the third quarter of 2024 despite challenging market conditions, the company reported Oct. 24.

Connor D. Wolf | Staff Reporter
October 24, 2024
Government, Business, Logistics, For-Hire, TCA

Lynden Transport Selected to Deliver Capitol Christmas Tree

Lynden Transport will carry the Capitol Christmas Tree from Alaska to the nation’s capital later this year.

Robert Mittendorf | The Bellingham Herald (Bellingham, Wash.)
October 22, 2024
Business, Logistics, For-Hire, Private, Global Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

Jaewon Kang | Bloomberg News
October 22, 2024
Business, Technology, Logistics, For-Hire, Private, Global Freight

Consumers Switch to Slower Shipping, Squeezing UPS, FedEx

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

Cailley LaPara | Bloomberg News
October 17, 2024
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