The trucking industry reported a weak second quarter with freight volumes and destocking efforts putting downward pressure on demand.
August 10, 2023
2020 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
Fleets have been overcoming unprecedented challenges to keep essential freight moving during the pandemic.
See the locations of the headquarters for each of the Top 100 for-hire carriers in North America.
COVID-19 has transformed 2020 into a tumultuous year for trucking, but the Top 100 list remains stable, at least for now.
Rankings
Top 100 For-Hire | Less-Than-Truckload | Truckload/Dedicated | Intermodal/Drayage | Motor Vehicle/Driveaway | Tank/Bulk
Air/Expedited | Refrigerated | Flatbed/Heavy Specialized | Package/Courier | Household Goods/Commercial | Mail
Top Intermodal/Drayage Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | J.B. Hunt Intermodal | 4,744,636 |
| 2 | Hub Group | 2,166,382 |
| 3 | Schneider | 1,007,800 |
| 4 | XPO | 1,000,000 |
| 5 | Evans Delivery | 684,000 |
| 6 | Swift Intermodal | 455,466 |
| 7 | Universal Intermodal Services | 390,095 |
| 8 | IMC Logistics | 330,025 |
| 9 | RoadOne IntermodaLogistics | 290,000 |
| 10 | ContainerPort Group | 285,000 est |
| 11 | NFI | 282,000 |
| 12 | Forward Air | 217,700 |
| 13 | C&K Holdings | 142,400 |
| 14 | Roadrunner Freight | 132,129 est |
| 15 | C.R. England | 125,000 |
| 16 | Landstar System | 118,305 |
| 17 | TCW | 109,162 |
| 18 | Marten Transport | 90,394 |
| 19 | Duncan and Son Lines | 85,000 est |
| 20 | Cowan Systems | 75,829 |
| 21 | Canada Drayage Inc. | 75,380 |
| 22 | Eagle Systems | 70,190 |
| 23 | ASF Intermodal | 65,000 |
| 24 | Paper Transport | 61,463 |
| 25 | Bison Transport | 52,662 |
| 26 | BPX Logistics | 40,000 |
| 27 | CRST The Transportation Solution | 19,000 |
| 28 | TransAmerica Express Logistics | 15,000 est |
| 29 | Guide Transportation Partners | 14,419 est |
| 30 | Wilson Logistics | 14,000 |
| 31 | National Carriers | 14,000 |
| 32 | Day & Ross | 12,889 |
| 33 | Bay and Bay Transportation | 10,000 |
| 34 | USA Truck | 9,931 est |
| 35 | Supra National Express | 9,557 |
| 36 | Market Express | 9,000 |
| 37 | Dupré Logistics | 5,284 |
Extras
If your company appears in the 2020 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
110
On the Bubble
Magnate Worldwide
($235 million), is an air and expedited carrier based in Toledo, Ohio
Learn more about Transport Topics' Top 100 For-Hire Companies publication.
COVID-19 has created significant financial challenges for many trucking and logistics companies.
Fleets are emphasizing cleaning and physical distancing at loading docks to help protect drivers from COVID-19.
Drivers have been more isolated than usual during the pandemic due to social distancing measures.
Market uncertainty due to COVID-19 has depressed demand for new trucking equipment.
Small trucking companies such as Boyle Transportation are playing a direct role in the response to COVID-19.
Industry experts explain how this public health crisis might change freight transportation in the years ahead.
For-Hire News
Business, Logistics, For-Hire
Trucking Industry Reports Predictably Weak Q2
Government, Business, For-Hire
Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
Yellow Corp. has sparked a bidding war between investment firms and a rival trucking company interested in funding the now-shuttered company’s liquidation.
August 9, 2023Business, For-Hire
Searches for UPS Jobs Soar Following Union Deal
UPS Inc. has become a hot employer since its union last month secured $30 billion in new money over a five-year contract.
August 8, 2023Business, Logistics, For-Hire
UPS Lost More Business Than Expected on Strike Threat
Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
August 8, 2023Government, Business, Breaking News, For-Hire
Yellow Files for Chapter 11 Bankruptcy
Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
August 7, 2023Business, Logistics, For-Hire
XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023Government, Business, Logistics, For-Hire
Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.
August 3, 2023Business, Logistics, For-Hire
Schneider Sees Drop in Q2 Earnings
Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.
August 3, 2023Business, Equipment, Logistics, For-Hire
Schneider Acquires M&M Transport
Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.
August 3, 2023Business, Logistics, For-Hire
TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes
Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.
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