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2024 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

Soft market conditions in 2023 placed financial strain on many of the largest trucking companies in North America.

Trucking companies have been surviving on lower rates while awaiting a freight market recovery.

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 1,096,958
2 Covenant Logistics Group 423,820
3 ArcBest 280,239
Extras

The regional LTL carrier has adapted and expanded through a full century of economic cycles and industry changes.

The trucking industry remains mired in sustained overcapacity relative to freight demand even as it has slowly shed workers.

After being displaced by war in his native Sudan, Lual Akoon’s path took him to Middle America – and trucking.

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For-hire carriers across segments saw revenues slide and margins tighten, but some fared better than others.

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

For-Hire News
Business, Logistics, Breaking News, For-Hire

ATA: Trucking Tonnage Rises Again, Hints at Market Recovery

The ATA For-Hire Truck Tonnage Index rose 1.8% to 115.8 from the prior month, and 0.7% compared with August 2023.

Connor D. Wolf | Staff Reporter
September 24, 2024
Business, Technology, Fuel, For-Hire

J.B. Hunt First to Test RNG-Fueled Peterbilt 579-X15N

Multiple motor carriers have lined up to participate in a test of a single Peterbilt tractor powered by a Cummins engine fueled by renewable natural gas.

Keiron Greenhalgh | Staff Reporter
September 23, 2024
Business, For-Hire

CRST Selects New Group President

CRST has appointed Bill Clement as its new group president and chief strategy officer, the carrier announced Sept. 19.

Connor D. Wolf | Staff Reporter
September 23, 2024
Business, Technology, For-Hire

Love’s to Start Taking Payment Through Relay Digital Network

Love’s Travel Stops will begin accepting fuel payment at its facilities through Relay Payments’ digital remuneration system, the companies said Sept. 23.

Keiron Greenhalgh | Staff Reporter
September 23, 2024
Business, Safety, For-Hire, Private, Top 100

ATA Honors Professional Drivers During Weeklong Celebration

Top commercial drivers highlighted the trucking workforce’s role in promoting transportation safety and economic prosperity nationwide at an event near the U.S. Capitol.

Eugene Mulero | Senior Reporter
September 20, 2024
Business, Logistics, For-Hire, Global Freight, Top 100, Top 50

FedEx Cuts Forecast After Tough Quarter for Deliveries

FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

Cailley LaPara | Bloomberg News
September 19, 2024
Government, Business, Safety, Logistics, For-Hire, Top 100

USDOT Praises Trucking’s Efforts in New Trafficking Report

The report, three years in the making and made public on Sept. 6, lauds the trucking industry for its efforts to join the fight at high-level federal and state government agencies.

Eric Miller | Senior Reporter
September 19, 2024
Business, Logistics, For-Hire, Top 100

Efficiency Is Key as Freight Carriers Wait for Market Uptick

As carriers await an upturn in the freight environment, executives say they continue to seek efficiencies and prepare their fleets for when the tipping point comes.

Keiron Greenhalgh | Staff Reporter
September 18, 2024
Business, Technology, Logistics, For-Hire, Top 100

Generative AI Driving Freight Brokerage Transformation

Efforts from established and newer enterprises to develop robust digital tools are being shaped by market demands and technological innovations.

Stephen Bennett | Special to Transport Topics
September 18, 2024
Government, Business, Logistics, For-Hire, Global Freight

USPS to End Discounts for Consolidators Including UPS, DHL

The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.

David Sharp | Associated Press
September 11, 2024
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