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

USA Truck Reports Earnings, Revenue Growth for Q1

USA Truck posted increased year-over-year profits and revenue during the first quarter, the company reported April 28.

Connor D. Wolf | Staff Reporter
April 29, 2022
Business, For-Hire

ArcBest Reports $1.3 Billion Revenue for Q1

ArcBest Corp. saw a surge in profits and revenue in the first quarter of 2022, the company reported April 29.

Connor D. Wolf | Staff Reporter
April 29, 2022
Business, For-Hire

TFI International Posts Large Profit, Revenue Gains

TFI International more than doubled its first-quarter profit as it capitalized on solid freight demand and the integration of the UPS Freight operations it acquired last year.

Jerry Hirsch | Contributing Writer
April 29, 2022
Business, For-Hire

Forward Air Reports Revenue, Earnings Records for Q1

Forward Air Corp. set all-time quarterly records for revenue, net income and earnings per diluted share during the first quarter, the company reported April 27.

Connor D. Wolf | Staff Reporter
April 28, 2022
Business, For-Hire

Covenant Logistics Posts $291.6 Million in Revenue for Q1

Covenant Logistics Group Inc. saw revenue and earnings improvements during the first quarter of 2022, the company reported April 27.

Connor D. Wolf | Staff Reporter
April 28, 2022
Business, For-Hire

Old Dominion Freight Line Reports Record Revenue for Q1

Old Dominion Freight Line’s revenue reached a record during the first quarter, the company announced April 27.

Connor D. Wolf | Staff Reporter
April 27, 2022
Business, Logistics, For-Hire

UPS Reports Strong Q1 Earnings Amid Lower Package Volume

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

Dan Ronan | Senior Reporter
April 26, 2022
Business, For-Hire

Does Your Business Belong on Our List of Top 100 For-Hire Carriers?

Think your company deserves a spot on our prestigious 2022 For-Hire Carriers rankings? Or perhaps on one of our sector lists? Fill out our survey so you can be included!

April 25, 2022
Business, Technology, Logistics, For-Hire

Ryder Opens Third E-Commerce Distribution Center in Columbus Market

Ryder System Inc. opened its third multiclient omnichannel distribution center in Columbus, Ohio, the company announced April 25.

Connor D. Wolf | Staff Reporter
April 25, 2022
Business, For-Hire

Penske Truck Leasing Expands in Washington State

Penske Truck Leasing announced it opened a new facility in Everett, Wash., that offers consumer and commercial truck rental, full-service truck leasing and contract truck fleet maintenance.

April 22, 2022
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