2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.
The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.
Find out where the Top 100 For-Hire Carriers are based.
Rankings
Rank Company Revenue (000)
1 FedEx Corp. 2,170,800
2 10 Roads Express 917,100
3 UPS Inc. 290,800
4 Victory Packaging 262,700
5 XPO 202,200
6 United Airlines 197,200
7 Postal Fleet Services 196,700
8 Matheson Trucking 194,600
9 Kalitta Air 176,400
10 Evo Transportation & Energy Services 164,200
11 Midwest Transport 132,300
12 Southern Mail Service 131,100
13 McCormick Trucking 115,600
14 Delta Air Lines 90,800
15 Amerijet International 90,700
16 Bancroft and Sons Transportation 78,400
17 Alan Ritchey Inc. 72,900
18 American Airlines 72,200
19 EVE International Logistics 71,600
20 Davenport Transportation 68,000
21 Alaska Central Express 61,700
22 AJR Trucking 54,500
23 B&B Trucking 52,300
24 Beco Inc. 51,500
25 Sodrel Truck Lines 47,700
26 Alaska Air Group 44,900
27 Lyons Express 42,000
28 Atlas World Group 31,300
Extras
Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.
If your company appears in the 2022 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.
For-Hire News
Business, Technology, Autonomous, For-Hire

Torc, Schneider Partner on Level 4 Autonomy

Driverless technology company Torc Robotics and Schneider are preparing to launch a pilot program to further implement autonomous longhaul trucking, the companies announced Sept. 20.

September 21, 2022
Business, Logistics, For-Hire

FedEx Tumbles After Pulling Annual Earnings Forecast

FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.

Richard Clough | Bloomberg News
September 16, 2022
Government, Business, Logistics, For-Hire

Hiring for Uncertain Holiday Season Continues

Trucking has started making thousands of hires for the holiday season despite facing a variety of economic headwinds.

Connor D. Wolf | Staff Reporter
September 15, 2022
Business, Logistics, For-Hire, TCA

UPS to Hire 100,000 Seasonal Workers Ahead of Holidays

UPS Inc. is staffing up for the holiday shipping season by hiring more than 100,000 seasonal workers — a daunting challenge amid widespread labor shortages.

Kelly Yamanouchi | The Atlanta Journal-Constitution
September 7, 2022
Business, For-Hire

ATA Group Advances Trucking Diversity Initiative

A working group formed by American Trucking Associations to advance diversity in the industry has drafted guidelines to help fleets of all sizes foster greater inclusiveness in their ranks, and has now created an award to recognize industry diversity efforts.

Connor D. Wolf | Staff Reporter
August 26, 2022
Business, For-Hire

PS Logistics Completes Acquisition, Agreement

PS Logistics announced its refrigerated carrier Purdy Bros. Trucking, based in Loudon, Tenn., completed the acquisition of certain transportation assets of Phoenix Leasing of Tennessee Inc.

August 26, 2022
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts Nondriving Staff, Slows Spending

CHATTANOOGA, Tenn. — U.S. Xpress Enterprises is hitting the brakes on its spending, cutting its nondriving staff by another 5% this month and looking for ways to dispose of extra real estate and trim other expenses to offset rising costs amid signs of a shipping slowdown in some industries.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
August 26, 2022
Business, Technology, For-Hire, TCA

Covenant Official Says Range Is Biggest Factor in EV Adoption

CHATTANOOGA, Tenn. — The distance a battery-powered tractor-trailer can travel before recharging is “the big holdup” for the adoption of electric trucks, a top official for Chattanooga-based Covenant Logistics said Aug. 23.

Mike Pare | Chattanooga (Tenn.) Times Free Press
August 24, 2022
Business, Logistics, For-Hire, TCA

U.S. Xpress Partners With School to Launch Supply Chain Program

High school students in Hamilton County, Tenn., can explore careers in supply chain management and logistics through a new Future Ready Institute that’s launching this fall.

Carmen Nesbitt | Chattanooga Times Free Press, Tenn.
August 24, 2022
Business, Logistics, For-Hire

PS Logistics Subsidiary Acquires Noble

DMT Trucking announced Aug. 9 that it has completed its acquisition of the Scottsboro, Ala.-based Noble family of transportation businesses.

August 18, 2022
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