2021 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
After navigating COVID-19's disruption, trucking now has entered a historically strong business environment.
Find out where the Top 100 are located by North American region.
Small carriers often were hardest hit by COVID, but large fleets faced challenges, too.
Rankings
Rank Company Revenue (000)
1 FedEx Corp. 2,224,115
2 10 Roads Express 851,957
est
3 Postal Fleet Services 292,568
4 UPS Inc. 203,260
5 Kalitta Air 196,870
6 Matheson Trucking 171,270
7 Evo Transportation & Energy Services 169,852
8 United Airlines 166,829
9 Midwest Transport 119,552
10 Southern Mail Service 114,358
11 Delta Air Lines 93,389
12 Bancroft and Sons Transportation 77,374
13 Alan Ritchey Inc. 70,136
14 ITS Logistics 68,015
15 American Airlines 65,819
16 Northern Aviation Services 58,251
17 XPO 56,586
18 Davenport Transportation 54,786
19 Tracie McCormick Inc. 48,718
20 McCormick Trucking 48,369
21 Beco Inc. 48,288
22 B&B Trucking 48,236
23 Alaska Central Express 46,092
24 AJR Trucking 39,541
25 Sodrel Truck Lines 38,319
26 Alaska Air Group 37,547
27 Metro Air Service 35,879
28 Everts Air Alaska 35,277
Extras
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104

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 Carriers publication.
How companies are working to address the persistent driver shortage.
A look at how different segments of the trucking industry fared in 2020.
Some U.S. truckers are busier than they have ever been.
For-Hire News
Business, Logistics, For-Hire

Estes Eyes 12% Terminal Door Total Increase in 2024

Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Business, For-Hire

Saia Lifts Target for 2024 Terminal Openings to 21

Saia could open a large batch of terminals in 2024 as profits and revenue grow at the less-than-truckload carrier, largely on the back of facilities acquired from the estate of Yellow Corp.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Business, For-Hire, Top 100

TFI Eyes Large Truckload, LTL Acquisitions in 2025, 2026

TFI International’s ongoing acquisition spree is set to accelerate in 2025, with substantial truckload and less-than-truckload deals on the horizon, according to CEO Alain Bédard.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Government, Business, Technology, Safety, Logistics, For-Hire, Private, Global Freight

FAA Clears Drone Companies to Operate in Shared Airspace

The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.

Allyson Versprille | Bloomberg News
July 30, 2024
Business, Logistics, For-Hire

Saia Q2 Profit, Revenue Rise on Former Yellow Facilities

Profits and revenues at Saia Inc. jumped in the second quarter of 2024 as the carrier continued to benefit from the collapse of erstwhile less-than-truckload rival Yellow Corp.

Keiron Greenhalgh | Staff Reporter
July 29, 2024
Business, For-Hire

TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls

TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Equipment, Logistics, For-Hire, Top 100

Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Logistics, For-Hire, Top 100

Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize

Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million.

Connor D. Wolf | Staff Reporter
July 25, 2024
Business, Logistics, For-Hire

Covenant Logistics Reports Nearly 5% Revenue Rise for Q2

Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.

Connor D. Wolf | Staff Reporter
July 25, 2024
Business, For-Hire

Old Dominion Posts Third Straight Quarter of Revenue Growth

Old Dominion Freight Line marked its third consecutive quarter of year-over-year revenue growth during the second quarter of 2024, the company reported July 24.

Connor D. Wolf | Staff Reporter
July 24, 2024
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