2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.
The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.
Find out where the Top 100 For-Hire Carriers are based.
Rankings
Rank This Year Rank Last Year Company Revenue (000) Net Income (000) Employees Tractors* Trailers
1 1
UPS Inc.
97,300,000 12,900,000 534,000 15,554 85,398
2 2
FedEx Corp.
91,683,000 6,118,000 577,000 37,488 136,947
3 3
XPO
12,800,000 323,000 42,000 7,900 25,800
4 4
J.B. Hunt Transport Services
12,168,000 760,800 34,978 18,617 39,994
5 5
TFI International
7,220,000 664,000 29,539 22,812 50,091
6 9
Landstar System
6,538,000 721,000 1,399 11,864 18,307
7 6
Knight-Swift Transportation Holdings
6,000,000 966,000 27,900 21,351 75,019
8 7
Schneider
5,600,000 405,000 16,050 11,300 36,700
9 10
Old Dominion Freight Line
5,256,000 1,034,000 24,372 10,403 41,220
10 8
Yellow Corp.
5,122,000 104,000 32,000 14,200 42,000
11 11
Ryder System
4,612,000 166,000 41,900 70,700 43,500
12 12
Estes Express Lines
4,447,000 - 21,700 8,500 34,000
13 13
Hub Group
4,232,000 171,000 5,000 3,600 6,100
14 15
ArcBest
3,980,000 214,000 14,000 4,360 23,438
15 14
Penske Logistics
3,700,000 - 19,994 5,583 13,771
16 16
NFI
3,100,000 - 15,500 4,600 13,000
17 17
Werner Enterprises
2,734,000 259,000 13,525 8,775 27,225
18 22
Purolator
2,600,000 293,000 13,533 522 2,005
19 19
R+L Carriers
2,427,000
est
- 6,774 19,709
20 18
Prime Inc.
2,408,000 351,000 4,411 7,601 14,700
21 20
Saia Inc.
2,300,000 335,000 12,000 5,600 19,300
22 27
Evans Delivery
2,050,000 - 650 9,000 3,000
23 21
U.S. Xpress Enterprises
1,949,000 11,000 8,689 6,400 13,600
24 23
Kenan Advantage Group
1,904,000
est
- 9,311 7,121 12,235
25 24
CRST The Transportation Solution
1,800,000 - 6,536 4,894 14,289
26 29
Universal Logistics Holdings
1,751,000 - 8,000 4,066 3,800
27 33
Forward Air
1,662,000 116,000 4,327 865 6,370
27 47
OnTrac Inc.
1,662,000
est
-
29 25
C.R. England
1,644,000 - 6,588 3,833 5,897
30 32
Anderson Trucking Service
1,567,000 - 2,325 2,588 7,082
31 26
Daseke Inc. (TFI)
1,557,000 56,000 4,006 4,697 11,266
32 36
Averitt Express
1,532,000 - 9,000 5,090 15,071
33 30
UniGroup
1,499,000 - 835 2,889 4,767
34 31
Day & Ross
1,489,000 - 8,400 4,600 9,150
35 34
Southeastern Freight Lines
1,476,000 - 8,490 2,788 8,060
36 40
PS Logistics
1,375,000 - 3,100 3,625 5,700
37 37
Crete Carrier Corp.
1,304,000 - 6,500 5,000 13,000
38 35
Ruan
1,227,820 - 5,500 3,475 8,210
39 39
Lynden
1,080,000 - 2,472 880 2,430
40 43
Central Transport International
1,046,000
est
- 2,953 11,877
40 46
Covenant Logistics Group
1,046,000 - 5,600 2,563 5,213
42 54
Bennett Family of Cos.
998,000 - 1,114 2,726 1,865
43 72
IMC Logistics
983,000 - 2,371 1,700 150
44 45
Cardinal Logistics
981,000 - 4,200 3,025 8,000
45 51
Western Express
977,000 - 4,400 3,150 8,400
46 49
Atlas World Group
974,000 17,000 655 1,653 3,615
46 42
Marten Transport
974,000 85,000 4,007 3,204 5,299
48 41
KLLM Transport Services
953,000 - 3,200 6,100
49 44
10 Roads Express
917,000 - 5,052 5,287
50 48
Pitt Ohio
900,000 - 5,087 1,565 3,995
51 38
Quality Carriers
850,000 - 1,600 2,600 7,500
52 60
Mullen Group
838,000 - 4,622 2,241 6,151
53 57
Bison Transport
778,000 - 3,732 2,115 6,057
54 53
AAA Cooper Transportation
776,000 - 5,000 2,650
55 58
Stevens Transport
745,000 129,000 2,900 2,050 3,600
56 52
United Road Services
713,000
est
- 1,837 1,978 2,110
57 65
USA Truck
710,000 25,000 2,069 2,157 6,548
58 71
P.A.M. Transport
707,100 76,500 2,510 1,970 6,859
59 59
Canada Cartage
701,000 - 4,332 2,880 2,700
60 55
Dayton Freight Lines
684,000 145,000 5,593 1,813 4,970
61 83
R&R Family of Cos.
680,000 - 397 504 642
62 63
Cowan Systems
655,000 - 2,301 2,346 7,487
63 69
A. Duie Pyle
628,000 - 3,734 1,444 2,962
64 66
Hirschbach Motor Lines
626,000 - 1,990 2,299 3,861
65 70
Mercer Transportation
614,000 - 247 2,180 2,180
66 56
Heartland Express
607,000 79,000 3,180 3,193 10,741
67 61
Trimac Transportation
600,000
est
- 1,681 3,250
68 64
Heniff Transportation Systems
562,000
est
- 1,806 5,066
69 67
Two Men and a Truck Movers
525,000
est
- 11,396
70 73
Roehl Transport
521,000 - 2,968 2,074 5,883
71 68
Jack Cooper Holdings
507,000
est
- 3,753 1,286 1,284
72 77
Fastfrate Group
500,000 - 3,000 1,152 1,644
73 78
Mesilla Valley Transportation
494,000 - 2,616 1,796 6,000
74 87
Quantix Supply Chain Solutions
454,000 -72,000 1,850 1,632 3,594
75 74
TMC Transportation
450,000
est
- 3,098 4,252
76 76
Foodliner/Quest Liner
437,000 - 1,562 1,608 2,914
77 75
Roadrunner Freight
430,000
est
-
78 82
Challenger Motor Freight
402,000 - 1,200 1,545 3,380
79 79
Maverick USA
398,000 - 1,977 1,458 2,671
80 94
Daylight Transport
380,000 -
81 80
Dart Transit Co.
377,600
est
- 2,051 7,140
82 85
Red Classic
365,000 - 1,206 649 3,500
83
Dependable Supply Chain Services
363,000 - 1,965 462 1,167
84 90
Dupré Logistics
360,000 188,000 1,260 750 2,000
85 86
Koch Cos.
359,000 - 1,213 983 5,689
86 92
Melton Truck Lines
338,000 - 1,611 1,233 2,191
87 84
John Christner Trucking
334,000 17,000 315 754 1,236
88
Leonard's Express
327,000 - 700 582 1,000
89
Western Flyer Express
320,000 - 1,150 4,000
90 95
Trans-System
315,000 - 990 940 1,886
91
Beemac Trucking
301,000 - 130 525 610
92
New Legend
294,000 37,000 1,400 1,000 4,600
93 81
ContainerPort Group
287,000 - 363 1,296 16
94
Oak Harbor Freight Lines
284,000
est
- 1,700 777 2,487
95
Transervice Logistics
278,300 - 1,200 366 2,181
96
Artur Express
272,000 - 471 776 3,047
97
Paschall Truck Lines
265,000 - 1,545 1,170 3,500
98 99
PGT Holdings
253,700 - 695 1,138 1,825
99 100
Smith Transport
246,000
est
- 1,136 816 2,250
100
Paper Transport
244,000 - 1,100 850 3,200
Extras
Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.
If your company appears in the 2022 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.
For-Hire News
Business, Logistics, For-Hire

Estes Eyes 12% Terminal Door Total Increase in 2024

Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Business, For-Hire

Saia Lifts Target for 2024 Terminal Openings to 21

Saia could open a large batch of terminals in 2024 as profits and revenue grow at the less-than-truckload carrier, largely on the back of facilities acquired from the estate of Yellow Corp.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Business, For-Hire, Top 100

TFI Eyes Large Truckload, LTL Acquisitions in 2025, 2026

TFI International’s ongoing acquisition spree is set to accelerate in 2025, with substantial truckload and less-than-truckload deals on the horizon, according to CEO Alain Bédard.

Keiron Greenhalgh | Staff Reporter
July 30, 2024
Government, Business, Technology, Safety, Logistics, For-Hire, Private, Global Freight

FAA Clears Drone Companies to Operate in Shared Airspace

The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.

Allyson Versprille | Bloomberg News
July 30, 2024
Business, Logistics, For-Hire

Saia Q2 Profit, Revenue Rise on Former Yellow Facilities

Profits and revenues at Saia Inc. jumped in the second quarter of 2024 as the carrier continued to benefit from the collapse of erstwhile less-than-truckload rival Yellow Corp.

Keiron Greenhalgh | Staff Reporter
July 29, 2024
Business, For-Hire

TFI to Put LTL, Truckload Units on Diets as Q2 Profit Falls

TFI International is cutting costs across both its Less-Than-Truckload and Truckload businesses amid what CEO Alain Bédard described as a stubbornly lackluster freight environment.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Equipment, Logistics, For-Hire, Top 100

Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

Keiron Greenhalgh | Staff Reporter
July 26, 2024
Business, Logistics, For-Hire, Top 100

Knight-Swift CEO Cautiously Optimistic as Q2 Results Stabilize

Knight-Swift Transportation Holdings reported July 24 that revenue reached just shy of $2 billion in the second quarter of 2024. The Phoenix-based carrier posted net income attributable to itself of $20.3 million.

Connor D. Wolf | Staff Reporter
July 25, 2024
Business, Logistics, For-Hire

Covenant Logistics Reports Nearly 5% Revenue Rise for Q2

Covenant Logistics Group experienced an increase in revenue but a slight decline in earnings during the second quarter of 2024, the company reported July 24.

Connor D. Wolf | Staff Reporter
July 25, 2024
Business, For-Hire

Old Dominion Posts Third Straight Quarter of Revenue Growth

Old Dominion Freight Line marked its third consecutive quarter of year-over-year revenue growth during the second quarter of 2024, the company reported July 24.

Connor D. Wolf | Staff Reporter
July 24, 2024
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