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, Logistics, For-Hire, Top 100

ODFL Reports Profit, Revenue Records for Second Quarter

Old Dominion Freight Line set records for revenue and profitability during the second quarter of 2022, the company reported July 27.

Connor D. Wolf | Staff Reporter
July 27, 2022
Business, Equipment, Logistics, For-Hire

Used Class 8 Prices Continue Slide in June, but Remain High

The average retail price of a used Class 8 fell for the third consecutive month in June, ACT Research reported, calling the trend a significant downturn even as the average retail price remained above $90,000.

Roger Gilroy | Senior Reporter
July 27, 2022
Business, Logistics, For-Hire

UPS Beats Q2 Estimates, but Delivery Volume Drops More Than Expected

UPS Inc. posted better-than-expected second-quarter earnings July 26, thanks in part to a big leap in the price of domestic parcel revenues during the three-month period that ended June 30.

Dan Ronan | Senior Reporter
July 26, 2022
Business, For-Hire

Covenant Logistics Reaches $317M Revenue by Overcoming Q2 Headwinds

Covenant Logistics Group Inc. reported second-quarter revenue and earnings growth July 25, despite market headwinds.

Connor D. Wolf | Staff Reporter
July 26, 2022
Business, Technology, Autonomous, For-Hire

10 Roads Express Launches Autonomous Route Using Kodiak Tech

The 10 Roads Express company launched an autonomous truck route in partnership with Kodiak Robotics, a driverless trucking company, they announced July 26.

Connor D. Wolf | Staff Reporter
July 26, 2022
Business, For-Hire

FedEx Reduces US Sunday Deliveries in Some Rural Areas

FedEx Corp. plans to scale back Sunday delivery service in far-flung areas of the U.S., the latest evidence that the e-commerce surge spurred by COVID-19 is ending.

Thomas Black | Bloomberg News
July 22, 2022
Business, Logistics, For-Hire, Top 100

Knight-Swift Posts Higher Earnings, Revenue for Q2

Knight-Swift Transportation Holdings Inc. experienced revenue and earnings growth during the second quarter, the company reported July 20.

Connor D. Wolf | Staff Reporter
July 21, 2022
Business, Technology, Logistics, For-Hire

J.B. Hunt Names Shelley Simpson Company President

J.B. Hunt Transport Services Inc. appointed Shelley Simpson president — the first woman to serve in that role.

Connor D. Wolf | Staff Reporter
July 20, 2022
Business, Logistics, For-Hire

J.B. Hunt Reports Q2 Revenue Jump to $3.84 Billion

J.B. Hunt Transport Services Inc. on July 19 posted earnings and revenue growth for the second quarter that was driven by strong segment results.

Connor D. Wolf | Staff Reporter
July 20, 2022
Business, Logistics, For-Hire, Top 100

Marten Reports Record-Breaking Results for Q2

Marten Transport on July 18 reported the highest operating revenue and operating income in its history for the second quarter.

Connor D. Wolf | Staff Reporter
July 19, 2022
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