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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

FedEx Pilots Reject Proposed Multiyear Contract

Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.

Dan Ronan | Senior Reporter
July 24, 2023
Business, Logistics, For-Hire, TCA

Companies That Ship With UPS Develop Contingencies

Some large retailers and other companies across the country are warning customers of potential delivery delays if there is a UPS strike.

Kelly Yamanouchi | The Atlanta Journal-Constitution
July 24, 2023
Government, Business, For-Hire

Teamsters Halt Yellow Strike Plan After Benefits Extended

An agreement between the Teamsters and Central States Funds averts, for now, a strike that could have begun as soon as July 24 against Yellow Corp.

Dan Ronan | Senior Reporter
July 23, 2023
Business, For-Hire

A UPS Strike May Curb Progress on Inflation, Supply Chains

A potential strike by 340,000 unionized workers at UPS Inc. threatens to unravel progress in tackling two of the U.S. economy’s biggest hurdles: inflation and supply chain disruptions.

July 21, 2023
Business, Logistics, For-Hire

Knight-Swift Reports 71% Earnings Drop for Q2

Knight-Swift Transportation Holdings Inc. on July 20 reported that earnings dropped 71% year-over-year in the second quarter.

Connor D. Wolf | Staff Reporter
July 21, 2023
Government, Business, For-Hire, TCA

UPS Pilots to Honor Picket Lines if Teamsters Strike

The pilots union at Sandy Springs, Ga.-based UPS Inc. plans to honor picket lines in the event of a Teamsters strike against the shipping giant.

Kelly Yamanouchi | The Atlanta Journal-Constitution
July 19, 2023
Business, Logistics, For-Hire

J.B. Hunt Reports Year-Over-Year Declines for Q2

J.B. Hunt Transport Services experienced a year-over-year decline in earnings and revenue during the second quarter, the company reported July 18.

Connor D. Wolf | Staff Reporter
July 19, 2023
Business, Logistics, For-Hire

XPO Bolsters Capacity With Expansion in Georgia

XPO has completed the expansion of one of its service centers near Atlanta in an effort to grow capacity in the area, the company announced July 13.

July 18, 2023
Business, Equipment, Safety, For-Hire

Schroeder Embraces Safety in Trucking Championships

FedEx Freight driver David Schroeder, Ohio's trucking champion who will be competing at nationals in his home state, embraces safety on and off the skills course.

Eugene Mulero | Senior Reporter
July 18, 2023
Business, For-Hire

FedEx Hires Aircraft Leasing Executive John Dietrich as CFO

FedEx Corp. hired John Dietrich, the former head of an aircraft leasing company, as its new chief financial officer amid a sweeping plan to restructure the package delivery giant.

Thomas Black | Bloomberg News
July 17, 2023
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