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, 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
Business, Logistics, For-Hire

Schneider Acquires deBoer Transportation

Schneider National announced June 7 that it has closed an acquisition on fellow Wisconsin-based carrier deBoer Transportation, a regional and dedicated carrier headquartered in Blenker.

June 8, 2022
Business, Technology, Logistics, For-Hire

XPO, Google Cloud Collaborate to Improve Supply Chains

XPO Logistics Inc. and Google Cloud joined forces on a multiyear collaboration to improve supply chains, the companies announced June 6.

June 7, 2022
Business, Logistics, For-Hire

XPO’s SEC Filing Advances Spinoff of Brokerage Platform

XPO Logistics Inc. has filed a confidential Form 10 registration statement with the U.S. Securities and Exchange Commission for the planned spinoff of its tech-enabled brokered transportation platform, the company announced.

June 6, 2022
Business, Technology, Logistics, For-Hire

FedEx-Backed Freightos to Go Public

Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.

Kamaron Leach | Bloomberg News
May 31, 2022
Business, Technology, Equipment, Fuel, For-Hire

Trailer Manufacturers, Suppliers Aim to Help Fleets Curb Fuel Costs

Fleets and shippers have found that monitoring trailer performance plays an important role in achieving optimal fuel savings.

Jack Ferry | Special to Transport Topics
May 31, 2022
Business, Logistics, For-Hire

IndiGo Founder Partners With UPS for Logistics Venture

The biggest shareholder of India’s largest airline, IndiGo, teamed up with UPS Inc. to tap the South Asian nation’s growing logistics market.

Ragini Saxena | Bloomberg News
May 26, 2022
Business, Equipment, Logistics, For-Hire

Fleets Find Challenges in Rising Maintenance Costs, Parts Shortages

With a laundry list of hurdles facing many trucking companies, the focus on preventive maintenance becomes clearer as fleets are adding alternative suppliers and providers, and stockpiling inventory to help control costs and reduce downtime.

Mindy Long | Special to Transport Topics
May 24, 2022
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