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
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts 70 Corporate, IT Jobs

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 13, 2022
Business, Logistics, For-Hire

Trucking Continues to See Robust M&A Market

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

Connor D. Wolf | Staff Reporter
May 12, 2022
Business, Equipment, For-Hire

Yellow Narrows Losses, Outlines Goals

Yellow Corp. posted its best first-quarter results in six years as losses narrowed and revenue increased, the company announced May 10.

Dan Ronan | Senior Reporter
May 11, 2022
Business, Technology, Equipment, For-Hire

VTNA Gets Orders for 90 More VNR Electric Trucks

LONG BEACH, Calif. — Volvo Trucks North America announced NFI Industries and Quality Custom Distribution, between them, placed orders for an additional 90 Volvo VNR Electric Class 8 vehicles.

Roger Gilroy | Senior Reporter
May 11, 2022
Business, Logistics, For-Hire

U.S. Xpress Reports Earnings Loss Despite Revenue Gains

U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.

Connor D. Wolf | Staff Reporter
May 9, 2022
Government, Business, Logistics, For-Hire

China’s Port Lockdowns Threaten Domestic Trucking

China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.

Connor D. Wolf | Staff Reporter
May 5, 2022
Business, For-Hire

Werner Reports 24% Increase in Revenue for Q1

Werner Enterprises posted net income of $53.7 million, or 82 cents a diluted share, for the first quarter, compared with $46.5 million, 68 cents, during the same time the previous year, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 4, 2022
Business, For-Hire

Daseke Reports 26% Rise in Revenue for Q1

Daseke Inc. experienced a 26% increase in revenue year-over-year for the first quarter, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 3, 2022
Government, Business, Technology, Fuel, For-Hire

Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

Seth Clevenger | Managing Editor, Features and Multimedia
May 3, 2022
Business, For-Hire

Saia Reports 112% Increase in Earnings for Q1

Saia Inc. experienced a 112% year-over-year increase in total earnings for the first quarter, the company reported May 2.

Connor D. Wolf | Staff Reporter
May 2, 2022
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