Forward Air Corp. on July 27 reported all-time quarterly records for revenue, income from operations and net income per diluted share for the second quarter.
July 28, 2022
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.
101
On the Bubble
Paschall Truck Lines
($268 million), is a truckload freight carrier based in Murray, Ky.
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, Top 100
Forward Air Reports Record-Setting Quarter for Q2
Business, Logistics, For-Hire, Top 100
ODFL Reports Profit, Revenue Records for Second Quarter
Old Dominion Freight Line set records for revenue and profitability during the second quarter of 2022, the company reported July 27.
July 27, 2022Business, Equipment, Logistics, For-Hire
Used Class 8 Prices Continue Slide in June, but Remain High
The average retail price of a used Class 8 fell for the third consecutive month in June, ACT Research reported, calling the trend a significant downturn even as the average retail price remained above $90,000.
July 27, 2022Business, Logistics, For-Hire
UPS Beats Q2 Estimates, but Delivery Volume Drops More Than Expected
UPS Inc. posted better-than-expected second-quarter earnings July 26, thanks in part to a big leap in the price of domestic parcel revenues during the three-month period that ended June 30.
July 26, 2022Business, For-Hire
Covenant Logistics Reaches $317M Revenue by Overcoming Q2 Headwinds
Covenant Logistics Group Inc. reported second-quarter revenue and earnings growth July 25, despite market headwinds.
July 26, 2022Business, Technology, Autonomous, For-Hire
10 Roads Express Launches Autonomous Route Using Kodiak Tech
The 10 Roads Express company launched an autonomous truck route in partnership with Kodiak Robotics, a driverless trucking company, they announced July 26.
July 26, 2022Business, For-Hire
FedEx Reduces US Sunday Deliveries in Some Rural Areas
FedEx Corp. plans to scale back Sunday delivery service in far-flung areas of the U.S., the latest evidence that the e-commerce surge spurred by COVID-19 is ending.
July 22, 2022Business, Logistics, For-Hire, Top 100
Knight-Swift Posts Higher Earnings, Revenue for Q2
Knight-Swift Transportation Holdings Inc. experienced revenue and earnings growth during the second quarter, the company reported July 20.
July 21, 2022Business, Technology, Logistics, For-Hire
J.B. Hunt Names Shelley Simpson Company President
J.B. Hunt Transport Services Inc. appointed Shelley Simpson president — the first woman to serve in that role.
July 20, 2022Business, Logistics, For-Hire
J.B. Hunt Reports Q2 Revenue Jump to $3.84 Billion
J.B. Hunt Transport Services Inc. on July 19 posted earnings and revenue growth for the second quarter that was driven by strong segment results.
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