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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
Business, Logistics, For-Hire, TCA

UPS to Acquire German Cold Chain Company

UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.

Kelly Yamanouchi | The Atlanta Journal-Constitution
September 10, 2024
Business, Logistics, For-Hire, TCA

UPS to Lay Off More Employees to Boost Profitability

UPS Inc. is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.

Kelly Yamanouchi | The Atlanta Journal-Constitution
September 10, 2024
Government, Business, Safety, Logistics, For-Hire

Michigan to Allow Hazardous Transport on Ambassador Bridge

The decision, repealing measures in place since 2014, follows a six-month review of input from the public, law enforcement and first responders.

Noël Fletcher | Staff Reporter
September 5, 2024
Business, Equipment, For-Hire, Top 100

Yellow Submits Final Chapter 11 Plan, Seeks Creditor Deal

The administrators are disputing the size of withdrawal liability claims from Central States Pension Fund and other multiemployer pension funds.

Keiron Greenhalgh | Staff Reporter
September 5, 2024
Business, Safety, For-Hire, Top 100

Truck Driver Pay Drops 7.4% in Q2 as Freight Keeps Slumping, Reports Say

The trucking industry continued to experience a decline in driver compensation during the second quarter, with much of that led by lackluster starting pay.

Connor D. Wolf | Staff Reporter
August 29, 2024
Business, For-Hire

Estes Purchases Seven Former Yellow Terminals

Estes has closed on lease purchases for seven terminals across the country that used to belong to the defunct carrier Yellow Corp., the company announced Aug. 22.

Connor D. Wolf | Staff Reporter
August 26, 2024
Business, Equipment, For-Hire

Kenan Advantage Group Acquires Chemical Transporter TransVac

Kenan Advantage Group on Aug. 20 announced that it acquired specialty transportation provider TransVac.

Connor D. Wolf | Staff Reporter
August 23, 2024
Business, For-Hire, Top 100

Mike Gannon Appointed to Lead CRST

CRST has appointed Mike Gannon as its newest president and CEO, the company announced Aug. 23.

August 23, 2024
Business, Logistics, For-Hire

XPO Explores Sale of European Transportation Business

XPO has revived a sale of its European transportation business, according to people familiar with the matter, almost two years since it last scrapped the attempt to divest the operation.

Vinicy Chan and Kiel Porter | Bloomberg News
August 15, 2024
Government, Business, For-Hire

Trucking Insurance Concerns Go Beyond High Premiums

Although high premiums have been a top concern, industry leaders and state regulators have taken action to curb other insurance challenges that greatly affect the industry at large.

August 9, 2024
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