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.
Top 100 For-Hire | Less-Than-Truckload | Truckload/Dedicated | Intermodal/Drayage | Motor Vehicle/Driveaway | Tank/Bulk
Air/Expedited | Refrigerated | Flatbed/Heavy Specialized | Package/Courier | Household Goods/Commercial | Mail
Top Package/Courier Carriers
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 |
Top For-Hire Carriers on this list are common and contract freight carriers operating in the United States, Canada and Mexico. Companies are ranked on the basis of annual revenue. To be included in the Top 100 or any of the sectors, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 100 list.
FedEx Corp. revenue is for the 12-month period ended Feb. 29, 2024.
OnTrac Inc. revenue is estimated by Transport Topics based on prior-year data and industry revenue trends.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.