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2024 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

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.

Rankings
Rank Company Revenue (000)
1 FedEx Corp. 74,905,000
2 UPS Inc. 59,958,000
3 Purolator 2,653,000
4 OnTrac Inc. 1,525,716
est
5 TFI International 461,930
6 Spee-Dee Delivery Service 182,415
7 Fastfrate Group 52,500
8 Day & Ross 7,645
Extras

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.

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

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.

For-Hire News
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
Business, For-Hire, Top 100

Industry Sector Rankings Show Growth, Acquisitions by Carriers

Most of North America’s largest for-hire carriers operating in many diverse segments of the trucking industry reported higher revenues last year.

Seth Clevenger | Managing Editor, Features and Multimedia
June 23, 2023
Government, Business, Technology, Equipment, For-Hire, Top 100

Fleets Turn to Tech to Manage Complexity of Regulatory Compliance

With more drivers and equipment to manage, some fleet operators have implemented technology to help navigate the complexity of the industry’s regulations and better manage safety audits.

Stephen Bennett | Special to Transport Topics
June 23, 2023
Business, Technology, Safety, For-Hire, Top 100

Industry Stakeholders Take Aim at Truck Parking Shortage

According to reports from the American Transportation Research Institute, truck parking has been one of the industry’s top concerns for several years.

Dan Calabrese | Special to Transport Topics
June 23, 2023
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