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.
Cash Reinvigorates Critical Chicago-Area Transportation Network
CHICAGO — Since as early as 1848, some 12 years before the Civil War, Chicago has been a major center for transportation given its central location in the country, access to newly built railroad lines and the five Great Lakes. Now, more than 170 years later, millions of products pass through its massive transportation network for trucks, rail and air each day.
J.B. Hunt Expands Transloading Services With Two More Locations
J.B. Hunt Transport Services Inc. is expanding its transload strategy with new operations in Tacoma, Wash., and Laredo, Texas, the company announced Oct. 3.
October 3, 2022Werner Acquires Truckload Carrier Baylor Trucking
Werner Enterprises Inc. said it is acquiring Baylor Trucking, a move that expands its truckload operations.
EV Startup Arrival in Talks on Funds to Unlock US Market
Electric vehicle startup Arrival SA surged after it said it’s in talks to raise capital to build and sell its products in the U.S.
Werner, Kodiak Collaborate on Driverless Longhaul Route
Werner Enterprises has partnered with the driverless trucking technology company Kodiak Robotics to establish an autonomous trucking lane, the companies announced Sept. 29.
FedEx Reports Declining Q1 FY 2023 Income
FedEx Corp. said as the global economy slows, it is aggressively looking to reduce costs, and that it will raise rates across divisions in January.
Torc, Schneider Partner on Level 4 Autonomy
Driverless technology company Torc Robotics and Schneider are preparing to launch a pilot program to further implement autonomous longhaul trucking, the companies announced Sept. 20.
September 21, 2022FedEx Tumbles After Pulling Annual Earnings Forecast
FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.
Hiring for Uncertain Holiday Season Continues
Trucking has started making thousands of hires for the holiday season despite facing a variety of economic headwinds.
UPS to Hire 100,000 Seasonal Workers Ahead of Holidays
UPS Inc. is staffing up for the holiday shipping season by hiring more than 100,000 seasonal workers — a daunting challenge amid widespread labor shortages.