Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.
April 26, 2024
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 Mail Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | FedEx Corp. | 2,050,717 |
| 2 | 10 Roads Express | 390,445 |
| 3 | Salmon Cos. | 341,073 |
| 4 | Postal Fleet Services | 248,967 |
| 5 | UPS Inc. | 211,211 |
| 6 | United Airlines | 177,324 |
| 7 | Kalitta Air | 170,893 |
| 8 | Evo Transportation & Energy Services | 164,890 |
| 9 | Matheson Trucking | 143,339 |
| 10 | Southern Mail Service | 114,719 |
| 11 | Midwest Transport | 114,320 |
| 12 | American Airlines | 84,891 |
| 13 | Delta Air Lines | 82,789 |
| 14 | Bancroft and Sons Transportation | 80,703 |
| 15 | Alan Ritchey Inc. | 71,967 |
| 16 | Northern Aviation Services | 59,528 |
| 17 | Davenport Transportation | 51,584 |
| 18 | Tracie McCormick Inc. | 49,873 |
| 19 | Beco Inc. | 49,799 |
| 20 | Alaska Air Group | 49,149 |
| 21 | B&B Trucking | 48,525 |
| 22 | AJR Trucking | 41,995 |
| 23 | Alaska Central Express | 41,505 |
| 24 | McCormick Trucking | 38,025 |
| 25 | Sodrel Truck Lines | 37,858 |
| 26 | XPO | 36,388 |
| 27 | Metro Air Service | 33,181 |
| 28 | Everts Air Alaska | 31,787 |
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, For-Hire
TFI Profit Falls 17.1% on ‘Worse Than Expected’ Market
Business, Equipment, For-Hire
Intermodal Chassis Manufacturers Pull Back on Output
Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.
April 25, 2024For-Hire, Top 100
Top 100 For-Hire Carriers: How to Get on the List
Find out how your trucking business stacks up by submitting data for the 2024 Transport Topics Top 100 For-Hire Carriers publication.
April 25, 2024Business, For-Hire
Knight-Swift Reports Earnings Drop Amid Revenue Growth
Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.
April 25, 2024Business, For-Hire
Mullen Group Reports Lower Revenue for Q1
Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.
April 25, 2024Business, Logistics, For-Hire
Forward Air Hires Ex-Ceva Logistics Executive Stewart as CEO
Shawn Stewart is set to join Forward Air as CEO, effective April 28, the carrier said April 23. He also will join the asset-light transportation services group’s board of directors.
April 24, 2024Business, For-Hire
ODFL Reports Q1 Revenue and Earnings Growth
Old Dominion Freight Line experienced growth in revenue and earnings for the first quarter of 2024, the company reported April 24.
April 24, 2024Business, Logistics, For-Hire
UPS Reports 41% Earnings Drop During Q1
UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.
April 23, 2024Government, Business, For-Hire
Five Auto Haulers to Merge as Backer Files for IPO
Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.
April 17, 2024Business, For-Hire
J.B. Hunt Reports $2.9 Billion Revenue for Q1
J.B. Hunt Transport Services Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 16.
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