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

105

On the Bubble

Cassens Transport Co. ($202 million), is an automobile carrier based in Edwardsville, Ill.

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, Technology, Safety, For-Hire

Hair Drug-Testing Rule Could Be Finalized by Midsummer

Can the long wait be coming to an end for the Department of Health and Human Services to adopt a drug testing rule allowing the use of hair samples to drug-test drivers?

Eric Miller | Senior Reporter
May 24, 2023
Business, Technology, Equipment, Logistics, For-Hire

Cummins Invests in Jamestown Plant for Fuel-Agnostic Engine

LAKEWOOD, N.Y. — Cummins Inc. is readying a $452 million investment in its 1 million-square-foot Jamestown Engine Plant to produce a fuel-agnostic internal combustion engine platform.

Michael Freeze | Features Editor
May 24, 2023
Business, Logistics, For-Hire

Impact of a Potential UPS Strike Looms Large

Like many UPS customers, Jessica Ray relies on deliveries of dog food and just about everything else for her home. Contentious labor negotiations at UPS could disrupt that comfort zone.

Matt Ott and Haleluya Hadero | Associated Press
May 23, 2023
Business, Technology, Logistics, For-Hire

Schneider Debuts Transportation-Focused Innovation Center

Schneider National has opened a new facility aimed at spurring innovation in the transportation sector, the company announced May 17.

May 22, 2023
Government, Business, Logistics, For-Hire

Transportation Labor Gets Biden Administration Attention

Transportation leaders from government and industry are closely watching labor negotiations, including pending contracts with workers from both UPS Inc. and Yellow Corp.

Dan Ronan | Senior Reporter
May 18, 2023
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal

After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 12, 2023
Business, Logistics, For-Hire, TCA

XPO Confirms Job Cuts to Reduce Labor Costs

GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.

Paul Schott | The Advocate (Stamford, Conn.)
May 9, 2023
Government, Business, Technology, For-Hire

ATA Leadership Touts Wins on Federal, State Levels

HOLLYWOOD, Fla. — The trucking industry is scoring wins on the national and state levels, said American Trucking Associations President Chris Spear at the Mid-Year Management Session.

Dan Ronan | Senior Reporter
May 9, 2023
Government, Business, Fuel, For-Hire

Diesel Tumbles 9.6¢ to $3.922 a Gallon

The national average price for a gallon of diesel tumbled 9.6 cents — its largest drop of the year — to reach $3.922,  according to Energy Information Administration data released May 8.

Keiron Greenhalgh | Staff Reporter
May 8, 2023
Government, Logistics, For-Hire

Yellow Reports Q1 Loss

Less-than-truckload carrier Yellow Corp. announced first-quarter earnings May 3 that missed Wall Street revenue and income expectations.

Dan Ronan | Senior Reporter
May 4, 2023
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