Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
May 1, 2023
2020 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
Fleets have been overcoming unprecedented challenges to keep essential freight moving during the pandemic.
See the locations of the headquarters for each of the Top 100 for-hire carriers in North America.
COVID-19 has transformed 2020 into a tumultuous year for trucking, but the Top 100 list remains stable, at least for now.
Rankings
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 Refrigerated (Truckload & LTL) Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | Prime Inc. | 2,006,924 |
| 2 | KLLM Transport Services | 936,000 |
| 3 | C.R. England | 897,868 |
| 4 | Swift Refrigerated | 755,000 est |
| 5 | Stevens Transport | 737,294 |
| 6 | Hirschbach Motor Lines | 440,862 |
| 7 | Marten Transport | 378,000 |
| 8 | John Christner Trucking | 338,873 |
| 9 | TransAm Trucking | 297,000 est |
| 10 | Black Horse Carriers | 280,500 |
| 11 | FFE Transportation Services | 275,000 |
| 12 | Shaffer Trucking | 266,000 est |
| 13 | Navajo Express | 243,000 est |
| 14 | Bay and Bay Transportation | 150,752 |
| 15 | Frialsa Logistica | 143,200 est |
| 16 | NFI | 126,000 |
| 17 | Pride Transport | 122,000 |
| 18 | WEL Cos. | 120,284 |
| 19 | J&R Schugel Trucking | 119,000 est |
| 20 | Day & Ross | 118,837 |
| 21 | National Carriers | 108,500 |
| 22 | Decker Truck Line | 106,206 est |
| 23 | Covenant Logistics Group | 98,272 est |
| 24 | Freymiller Inc. | 98,000 est |
| 25 | Roadrunner Freight | 96,692 est |
| 26 | Schuster Co. | 83,200 est |
| 27 | Raider Express | 80,000 |
| 28 | Wilson Logistics | 75,000 |
| 29 | Continental Express | 71,500 |
| 30 | Great Plains Transport | 64,302 |
| 31 | Roehl Refrigerated Transport | 59,078 |
| 32 | Canada Cartage | 53,580 |
| 33 | Denney Transport | 46,401 est |
| 34 | CRST The Transportation Solution | 38,000 |
| 35 | Transportes Garza Leal | 34,500 |
| 36 | Cowan Systems | 32,590 |
| 37 | Halvor Lines | 28,100 |
| 38 | May Trucking Co. | 26,304 |
| 39 | TWT Refrigerated | 20,000 |
| 40 | Sorenson Transport | 12,474 |
| 41 | Centurion Trucking | 9,107 |
| 42 | Alabama Motor Express | 8,000 |
| 43 | TransAmerica Express Logistics | 3,000 |
| 44 | Atlas World Group | 2,300 |
| 45 | Dupré Logistics | 1,641 |
| 46 | Bowers Trucking | 1,000 |
Extras
If your company appears in the 2020 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
105
On the Bubble
Postal Fleet Services
($249 million), is a U.S. Postal Service supplier based in St. Augustine, Fla.
Learn more about Transport Topics' Top 100 For-Hire Companies publication.
COVID-19 has created significant financial challenges for many trucking and logistics companies.
Fleets are emphasizing cleaning and physical distancing at loading docks to help protect drivers from COVID-19.
Drivers have been more isolated than usual during the pandemic due to social distancing measures.
Market uncertainty due to COVID-19 has depressed demand for new trucking equipment.
Small trucking companies such as Boyle Transportation are playing a direct role in the response to COVID-19.
Industry experts explain how this public health crisis might change freight transportation in the years ahead.
For-Hire News
Business, Equipment, For-Hire
Forward Air Reports Revenue and Earnings Decline for Q1
Business, Technology, Equipment, Logistics, For-Hire, Global Freight
FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
May 1, 2023Business, Equipment, For-Hire, TCA
Penske to Acquire Michigan-Based Star Truck Rentals
Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.
May 1, 2023Business, Logistics, For-Hire
Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
April 28, 2023Business, Logistics, For-Hire
Universal Logistics Reports Weaker Q1 Amid Softening Market
Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
April 28, 2023Business, Logistics, For-Hire
Landstar Reports Revenue and Earnings Decline for Q1
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.
April 27, 2023Business, Equipment, Logistics, For-Hire
Ryder Q1 Profit Slides on Lower Used Vehicle Sale Prices
Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations.
April 27, 2023Business, Equipment, For-Hire
Wabash Q1 Profit Jumps as Sales, Order Backlog Soar
Profits at trailer manufacturer Wabash jumped year-over-year in the three months ending March 31 as sales and margins rose while order backlog soared.
April 27, 2023Business, Logistics, For-Hire
TFI Reports Lower Income, Revenue
TFI International profits slid year-over-year in the three months ending March 31, with its top executive saying April 26 that conditions in the quarter were tougher than expected.
April 26, 2023Business, Logistics, For-Hire
UPS Reports Lower Earnings as Consumer Spending Slows
UPS Inc. reported first-quarter earnings that were lower than those the Atlanta-based company posted in the same period in 2022 and were mixed when it came to Wall Street expectations.
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