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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, Breaking News, For-Hire

DB Schenker to Acquire USA Truck for $435 Million

USA Truck is being acquired by DB Schenker in a $435 million deal announced June 24.

Connor D. Wolf | Staff Reporter
June 24, 2022
Business, Equipment, For-Hire, TCA

UPS Donates Semi-Tractor to Georgia Technical College

ALBANY, Ga. — UPS Inc. has agreed to donate a semi-tractor to Albany Technical College at the Logistics Education Center on the college’s main campus.

June 24, 2022
Business, For-Hire

FedEx Reports Quarterly, Annual Revenue Growth

FedEx Corp. reported strong fourth-quarter and full-year earnings on June 23 that were close to meeting Wall Street expectations.

Dan Ronan | Senior Reporter
June 23, 2022
Business, For-Hire

Interactive Map: Where the 2023 Top 100 For-Hire Carriers Are in North America

Find out where the 2023 Top 100 For-Hire Carriers are located by regions and by state in North America with our interactive map.

June 23, 2022
Business, Technology, Equipment, Fuel, Logistics, For-Hire

FedEx Takes Delivery of 150 BrightDrop EVs

FedEx Corp. announced June 21 it received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors that is decarbonizing last-mile delivery.

June 21, 2022
Government, Business, Safety, For-Hire

How the Pandemic Accelerated Change for Motor Carriers

Few industries came under as much pressure and made as many adjustments during the COVID-19 pandemic as trucking. Industry executives see permanent changes resulting from how COVID altered the economy, consumer behavior and business interactions.

Jerry Hirsch | Contributing Writer
June 17, 2022
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
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