2023 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

North America’s largest trucking companies continued growth in 2022 despite a weaker freight environment

Recruiting the truckers of tomorrow is a top priority for trucking companies preparing for years to come

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. 77,977,000
2 UPS Inc. 64,209,000
3 Purolator 2,800,000
4 OnTrac Inc. 1,662,000
est
5 TFI International 498,972
6 Spee-Dee Delivery Service 164,500
est
7 Fastfrate Group 95,000
est
8 Canada Cartage 7,000
est
9 Day & Ross 5,750
Extras

A top industry concern for years, suitable parking spaces remain elusive for many truckers

101

On the Bubble

CrossCountry Freight Solutions ($250 million), is a truckload and LTL carrier based in Bismarck, N.D.

The numerous, complex regulations faced by the trucking industry can be made simpler using new technology

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics

While mergers and acquisitions alter the business landscape, top for-hire carriers grew revenues across segments in 2022

Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list

For-Hire News
Business, For-Hire

FedEx Hires Aircraft Leasing Executive John Dietrich as CFO

FedEx Corp. hired John Dietrich, the former head of an aircraft leasing company, as its new chief financial officer amid a sweeping plan to restructure the package delivery giant.

Thomas Black | Bloomberg News
July 17, 2023
Business, Logistics, For-Hire

UPS to Train Nonunion Employees to Deliver Packages

UPS Inc. plans to train nonunion employees to deliver packages in the event of a labor disruption in the U.S., underscoring the potential for a strike as a crucial negotiating deadline nears.

Thomas Black | Bloomberg News
July 14, 2023
Business, Technology, Equipment, Safety, For-Hire

Fleets Tackle Parts Shop Organization

Fleets share strategies on how to maintain parts inventory to eliminate downtime and other inefficiencies.

Steve Brawner | Contributing Writer
July 14, 2023
Government, Business, Logistics, For-Hire

Port Charleston Freight Tied to Averitt Express Expansion

South Carolina state officials have welcomed a $4.58 million expansion by Averitt Express of its operations in Charleston County to meet freight needs from the Port of Charleston.

Noël Fletcher | Staff Reporter
July 14, 2023
Government, Business, Logistics, For-Hire

UPS-Teamsters Negotiations Remain Stalled

UPS on July 11 pushed to Aug. 8 the release date for its second-quarter financial report, a week after its labor contract with the International Brotherhood of Teamsters is set to expire.

Dan Ronan | Senior Reporter
July 13, 2023
Business, For-Hire

UPS Schedules Later Release of Midyear Earnings

UPS Inc. investors will wait longer than usual to hear from CEO Carol Tomé this quarter as the company works to avoid a harmful worker strike.

Thomas Black | Bloomberg News
July 11, 2023
Government, Business, For-Hire

Yellow Gains Financial Targets Waiver

Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.

Keiron Greenhalgh | Staff Reporter
July 10, 2023
Government, Business, Logistics, For-Hire

Analysts: Walkout at UPS Would Have Deep Impact on Economy

A strike by UPS workers if a new labor agreement isn’t reached with the Teamsters would hold significant implications across the supply chain, industry analysts said.

Dan Ronan | Senior Reporter
July 10, 2023
Business, Logistics, For-Hire

Knight-Swift Closes Acquisition of U.S. Xpress

Knight-Swift Transportation Holdings closed on its previously announced acquisition of U.S. Xpress Enterprises, the company announced July 5.

Connor D. Wolf | Staff Reporter
July 5, 2023
Business, Logistics, For-Hire

UPS-Teamsters Talks Break Down

Negotiations on a new labor deal between UPS Inc. and the Teamsters stalled July 5 after showing promise over the weekend, renewing concern that workers could strike at the end of the month.

July 5, 2023
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