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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

UPS to Train Nonunion Employees to Deliver Packages

UPS Inc. plans to train nonunion employees to deliver packages in the event of a labor disruption in the U.S., underscoring the potential for a strike as a crucial negotiating deadline nears.

Thomas Black | Bloomberg News
July 14, 2023
Business, Technology, Equipment, Safety, For-Hire

Fleets Tackle Parts Shop Organization

Fleets share strategies on how to maintain parts inventory to eliminate downtime and other inefficiencies.

Steve Brawner | Contributing Writer
July 14, 2023
Government, Business, Logistics, For-Hire

Port Charleston Freight Tied to Averitt Express Expansion

South Carolina state officials have welcomed a $4.58 million expansion by Averitt Express of its operations in Charleston County to meet freight needs from the Port of Charleston.

Noël Fletcher | Staff Reporter
July 14, 2023
Government, Business, Logistics, For-Hire

UPS-Teamsters Negotiations Remain Stalled

UPS on July 11 pushed to Aug. 8 the release date for its second-quarter financial report, a week after its labor contract with the International Brotherhood of Teamsters is set to expire.

Dan Ronan | Senior Reporter
July 13, 2023
Business, For-Hire

UPS Schedules Later Release of Midyear Earnings

UPS Inc. investors will wait longer than usual to hear from CEO Carol Tomé this quarter as the company works to avoid a harmful worker strike.

Thomas Black | Bloomberg News
July 11, 2023
Government, Business, For-Hire

Yellow Gains Financial Targets Waiver

Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.

Keiron Greenhalgh | Staff Reporter
July 10, 2023
Government, Business, Logistics, For-Hire

Analysts: Walkout at UPS Would Have Deep Impact on Economy

A strike by UPS workers if a new labor agreement isn’t reached with the Teamsters would hold significant implications across the supply chain, industry analysts said.

Dan Ronan | Senior Reporter
July 10, 2023
Business, Logistics, For-Hire

Knight-Swift Closes Acquisition of U.S. Xpress

Knight-Swift Transportation Holdings closed on its previously announced acquisition of U.S. Xpress Enterprises, the company announced July 5.

Connor D. Wolf | Staff Reporter
July 5, 2023
Business, Logistics, For-Hire

UPS-Teamsters Talks Break Down

Negotiations on a new labor deal between UPS Inc. and the Teamsters stalled July 5 after showing promise over the weekend, renewing concern that workers could strike at the end of the month.

July 5, 2023
Business, For-Hire, Top 100

Industry Sector Rankings Show Growth, Acquisitions by Carriers

Most of North America’s largest for-hire carriers operating in many diverse segments of the trucking industry reported higher revenues last year.

Seth Clevenger | Managing Editor, Features and Multimedia
June 23, 2023
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