2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.
The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.
Find out where the Top 100 For-Hire Carriers are based.
Rankings
Rank Company Revenue (000)
1 FedEx Corp. 78,023,000
2 UPS Inc. 60,317,000
3 Purolator 2,600,000
4 OnTrac Inc. 1,662,000
est
5 TFI International 639,900
6 Spee-Dee Delivery Service 164,500
est
7 Fastfrate Group 95,000
8 Day & Ross 7,400
9 Canada Cartage 7,000
Extras
Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.
If your company appears in the 2022 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.
For-Hire News
Business, For-Hire, Global Freight

FedEx to Cut Management Jobs by More Than 10%

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.

Thomas Black | Bloomberg News
February 1, 2023
Business, Logistics, For-Hire

FedEx Implementing Ranking System for Delivery Contractors

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

Thomas Black | Bloomberg News
January 31, 2023
Business, For-Hire

Covenant Sees Year-End Slowdown

Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.

Connor D. Wolf | Staff Reporter
January 26, 2023
Business, Logistics, For-Hire

Marten Transport Reports 16th Consecutive Profitable Quarter

Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.

Connor D. Wolf | Staff Reporter
January 25, 2023
Business, Technology, Equipment, Autonomous, For-Hire

Former USA Truck CEO James Reed Joins Kodiak

Former USA Truck CEO James Reed has joined autonomous truck technology company Kodiak Robotics, the company announced Jan. 19.

January 23, 2023
Business, Equipment, For-Hire

Wabash Inks Long-Term Agreements With Key Carrier, Supplier

Wabash announced two long-term agreements, one with a carrier to create an extended backlog and one with a supplier to enhance supply surety.

Roger Gilroy | Senior Reporter
January 20, 2023
Business, Logistics, For-Hire

Roadrunner Notches Gains in Transit Times

Roadrunner implemented another round of transit time improvements across its network as part of an ongoing, multiyear process to improve business operations, the company announced Jan. 5

Connor D. Wolf | Staff Reporter
January 9, 2023
Business, For-Hire, Global Freight

FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments

FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.

Dan Ronan | Senior Reporter
December 21, 2022
Business, Logistics, For-Hire

Ryder Plans New Multiclient Distribution Center Near Chicago

Ryder System Inc. will open its 10th multiclient distribution center in the greater Chicago area, the company announced Dec. 14.

December 16, 2022
Business, Technology, Equipment, Fuel, For-Hire, Private

Last-Mile Focuses on Sustainable Shipping

The trucking industry has increased its focus on sustainability this year, mostly geared toward last-mile operations.

December 8, 2022
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