2023 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

North America’s largest trucking companies continued growth in 2022 despite a weaker freight environment

Recruiting the truckers of tomorrow is a top priority for trucking companies preparing for years to come

Find out where the Top 100 For-Hire carriers are located by region; click links to view details about the company

Rankings
Rank Company Revenue (000)
1 FedEx Corp. 1,934,260
2 10 Roads Express 1,012,000
3 UPS Inc. 391,373
4 Evo Transportation & Energy Services 262,195
5 Matheson Trucking 244,175
6 Southern Mail Service 168,567
7 Midwest Transport 162,680
8 McCormick Trucking 142,869
9 XPO 124,397
10 Alan Ritchey Inc. 121,651
11 AJR Trucking 103,103
12 Traffix USA 101,887
13 Bancroft and Sons Transportation 94,573
14 Davenport Transportation 93,449
15 Beco Inc. 73,297
16 Mail Management Services 59,577
17 B&B Trucking 59,095
18 Davis Mail Services 59,057
19 Veltri Inc. 56,199
20 Sodrel Truck Lines 49,491
21 United Express Service 41,572
Extras

A top industry concern for years, suitable parking spaces remain elusive for many truckers

101

On the Bubble

CrossCountry Freight Solutions ($250 million), is a truckload and LTL carrier based in Bismarck, N.D.

The numerous, complex regulations faced by the trucking industry can be made simpler using new technology

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics

While mergers and acquisitions alter the business landscape, top for-hire carriers grew revenues across segments in 2022

Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list

For-Hire News
Business, For-Hire

2022 Top 100 For-Hire Carriers List Illustrates Growth of Large Fleets

Despite lingering supply chain disruptions and an extremely tight labor market, most of the largest for-hire motor carriers in North America achieved significant revenue gains and higher profits last year. That extraordinary business growth is clearly reflected on the 2022 edition of Transport Topics’ Top 100 For-Hire Carriers list.

Seth Clevenger | Managing Editor, Features and Multimedia
June 17, 2022
Business, Equipment, Logistics, For-Hire

Ryder Expands Freight Brokerage Business

Ryder System Inc. is expanding its freight brokerage business with the addition of new offices, the company announced June 16.

June 17, 2022
Business, Technology, Logistics, For-Hire

Firms Leverage Innovations to Manage Supply Chain Disruptions

CHICAGO — Trucking and logistics leaders said their companies’ investments in technology and more flexible service offerings have paid dividends during the supply chain turbulence of the past few years.

Seth Clevenger | Managing Editor, Features and Multimedia
June 15, 2022
Business, For-Hire

FedEx Boosts Dividend, Shakes Up Board

FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new CEO Raj Subramaniam.

June 14, 2022
Business, Logistics, For-Hire

Schneider Acquires deBoer Transportation

Schneider National announced June 7 that it has closed an acquisition on fellow Wisconsin-based carrier deBoer Transportation, a regional and dedicated carrier headquartered in Blenker.

June 8, 2022
Business, Technology, Logistics, For-Hire

XPO, Google Cloud Collaborate to Improve Supply Chains

XPO Logistics Inc. and Google Cloud joined forces on a multiyear collaboration to improve supply chains, the companies announced June 6.

June 7, 2022
Business, Logistics, For-Hire

XPO’s SEC Filing Advances Spinoff of Brokerage Platform

XPO Logistics Inc. has filed a confidential Form 10 registration statement with the U.S. Securities and Exchange Commission for the planned spinoff of its tech-enabled brokered transportation platform, the company announced.

June 6, 2022
Business, Technology, Logistics, For-Hire

FedEx-Backed Freightos to Go Public

Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.

Kamaron Leach | Bloomberg News
May 31, 2022
Business, Technology, Equipment, Fuel, For-Hire

Trailer Manufacturers, Suppliers Aim to Help Fleets Curb Fuel Costs

Fleets and shippers have found that monitoring trailer performance plays an important role in achieving optimal fuel savings.

Jack Ferry | Special to Transport Topics
May 31, 2022
Business, Logistics, For-Hire

IndiGo Founder Partners With UPS for Logistics Venture

The biggest shareholder of India’s largest airline, IndiGo, teamed up with UPS Inc. to tap the South Asian nation’s growing logistics market.

Ragini Saxena | Bloomberg News
May 26, 2022
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