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.
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.
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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.
NFI Ramps Up Battery-Electric Truck Deployment in California
NFI Industries will deploy 50 Class 8 battery-electric trucks (BETs) in Southern California, the for-hire truckload carrier said.
April 18, 2023UPS, Teamsters Poised for Massive Contract Talks
High-stakes negotiations could start April 17 between the Teamsters and package delivery giant UPS that could have far-reaching reverberations.
April 14, 2023FedEx to Merge Ground, Express Units
FedEx Corp. will combine nearly all of its ground, air and other operations by June 2024 as part of a $4 billion cost-cutting initiative, the company announced April 5.
April 5, 2023Penske Announces Kris-Way Truck Leasing Acquisition
Penske Truck Leasing announced March 30 that it has reached an agreement to acquire Kris-Way Truck Leasing Inc.
April 3, 2023RXO Opens New Cross-Border Facility in Texas
RXO celebrated the grand opening of its newest cross-border facility in Laredo, Texas, the company announced March 29.
March 29, 2023February Trailer Orders Down 2.6% Year-Over-Year
U.S. trailer orders fell just shy of 26,000 units in February, falling short of the year-ago total, ACT Research reported.
March 22, 2023Knight-Swift Agrees to Acquire U.S. Xpress
Knight-Swift Transportation Holdings has reached an agreement to acquire U.S. Xpress for approximately $808 million, the companies announced March 21.
March 21, 2023FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.
March 17, 2023New UPS Distribution Center in N.C. to Create 60 Driver Jobs
Some 60 new truck driver jobs are coming to southeastern North Carolina in the largest business venture there in 40 years thanks to a new UPS distribution center.
February 27, 2023January Net Trailer Orders Drop 58% Following Year-End Surge
U.S. trailer orders in January decreased 9% year-over-year to 24,300 from 26,595 a year earlier, reported ACT Research. This comes a month after net trailer orders reached their second-highest level on record at 57,300. Also, orders dropped 58% from near-record results the prior month.
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