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2024 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

Soft market conditions in 2023 placed financial strain on many of the largest trucking companies in North America.

Trucking companies have been surviving on lower rates while awaiting a freight market recovery.

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. 1,600,744
2 10 Roads Express 962,180
est
3 UPS Inc. 339,870
4 Evo Transportation & Energy Services 236,363
5 Southern Mail Service 175,352
6 Traffix USA 150,527
7 Midwest Transport 145,423
8 Alan Ritchey Inc. 144,145
9 McCormick Trucking 115,874
10 AJR Trucking 114,237
11 Mail Management Services 105,320
12 Davenport Transportation 102,368
13 Bancroft and Sons Transportation 95,799
14 Davis Mail Services 65,597
15 B&B Trucking 65,422
16 XPO 59,608
17 Covenant Logistics Group 48,458
18 United Express Service 46,124
19 Sodrel Truck Lines 44,758
20 STK Transportation 41,984
21 Freedom Trans USA 40,839
22 Hartwig Transit 37,937
23 DDA Transport 34,784
24 Beco Inc. 33,706
25 Postal Delivery Systems 31,381
26 W&L Mail Service 30,347
27 Maxway 30,336
Extras

The regional LTL carrier has adapted and expanded through a full century of economic cycles and industry changes.

The trucking industry remains mired in sustained overcapacity relative to freight demand even as it has slowly shed workers.

After being displaced by war in his native Sudan, Lual Akoon’s path took him to Middle America – and trucking.

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

For-hire carriers across segments saw revenues slide and margins tighten, but some fared better than others.

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

For-Hire News
Business, Logistics, For-Hire, Top 100

Landstar Taps Beacom and Miller for New Roles

Joe Beacom will become president of Landstar System Holdings. Matt Miller will succeed Beacom as vice president and chief safety and operations officer.

November 18, 2024
Business, For-Hire

LaserShip Inks $300 Million Debt Restructuring Deal

American Securities-backed LaserShip Inc. reached a debt-restructuring deal with some creditors that would provide fresh money, reduce debt and revamp the repayment line in the latest such proposal by distressed debtors.

November 18, 2024
Business, Logistics, For-Hire

J.B. Hunt Promotes Trio of Executives

J.B. Hunt Transport Services recently announced a series of executive appointments.

November 15, 2024
Business, Logistics, For-Hire, Top 100

Kuehne + Nagel Acquires Majority Stake in IMC Logistics

Kuehne + Nagel, a Switzerland-based global transportation and logistics company, acquired a majority stake in marine drayage provider IMC Logistics, it announced Nov. 14.

November 14, 2024
Business, Logistics, For-Hire, Private

Leading Freight Companies Prepare for Trucking Turnaround

Two of the largest for-hire carriers are making operational and financial preparations for an anticipated upturn in the freight market after months of weak demand, executives said.

Connor D. Wolf | Staff Reporter
November 14, 2024
Business, Logistics, For-Hire, Top 100

TFI Buys Manitoba-Based TL, LTL Carrier Keystone Western

TFI International bought truckload and less-than-truckload carrier Keystone Western for an undisclosed sum, the company said in a LinkedIn post.

Keiron Greenhalgh | Staff Reporter
November 13, 2024
Business, Logistics, For-Hire, Top 100

PS Logistics Unit Buys Louisiana Flatbed Carrier Fluker

Since 2016, Birmingham, Ala.-based PS Logistics has acquired 27 trucking operations and five non-asset-based logistics operations in the U.S.

Keiron Greenhalgh | Staff Reporter
November 12, 2024
Government, Business, Equipment, For-Hire

Pup Trailers Can Help Fleets Improve Efficiency, Lower Costs

Trucks pulling two 28-foot trailers, or “pups,” have become common in the LTL segment as large fleets utilize these vehicle combinations to increase flexibility in their delivery networks.

Steve Brawner | Contributing Writer
November 12, 2024
Business, Technology, Equipment, Fuel, Logistics, For-Hire, Private, Global Freight

Nikola Leads Field in Hydrogen Fuel Cell EV Deployment

Hydrogen fuel cell electric vehicles may be envisioned as the future workhorse of a decarbonized longhaul freight sector, but their development has proceeded at a measured pace.

Keiron Greenhalgh | Staff Reporter
November 7, 2024
Business, Logistics, For-Hire, Top 100

Intermodal Load Growth Cushions Hub Group Q3 Profit Decline

Hub Group profit and revenue fell in Q3 2024, but intermodal load growth mitigated the damage and the carrier’s top executive is becoming more optimistic about the freight environment.

Keiron Greenhalgh | Staff Reporter
November 7, 2024
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