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 Refrigerated (Truckload & LTL) Carriers
Rank | Company | Revenue (000) |
---|---|---|
1 | Prime Inc. | 2,147,962 |
2 | KLLM Transport Services | 1,057,251 |
3 | Stevens Transport | 814,000 |
4 | Hirschbach Motor Lines | 753,647 est |
5 | Marten Transport | 465,475 |
6 | C.R. England | 257,633 est |
7 | Leonard's Express | 208,694 est |
8 | PS Logistics | 183,611 est |
9 | Day & Ross | 183,480 |
10 | NFI | 169,901 |
11 | WEL Cos. | 154,924 est |
12 | Bay and Bay Transportation | 135,000 |
13 | May Trucking Co. | 133,054 |
14 | National Carriers | 124,389 est |
15 | Canada Cartage | 111,441 est |
16 | Hurricane Express | 104,573 |
17 | Schuster Co. | 101,000 |
18 | Roehl Refrigerated Transport | 79,324 est |
19 | Bison Transport | 77,785 |
20 | Portage Transport | 32,130 est |
21 | Artur Express | 25,026 est |
22 | Cowan Systems | 19,392 |
23 | Sorenson Transport | 18,913 |
24 | Beemac Trucking | 13,770 est |
25 | TWT Refrigerated | 12,000 |
26 | AMX Trucking | 9,180 est |
27 | AFC Transport | 8,262 est |
28 | Atlas World Group | 2,566 |
29 | Supra National Express | 1,000 |
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.
Hirschbach, C.R. England, Leonard’s Express, PS Logistics, WEL Cos., National Carriers, Canada Cartage, Roehl, Portage Transport, Artur Express, Beemac, AMX
Trucking and AFC Transport revenues are 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.
Court Approves Yellow Administrators’ Auction Plans
A court on Oct. 27 approved plans by the administrators of Yellow to use auctioneers to sell the company’s rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.
XPO Reports Revenue Increase Despite Tough Conditions
XPO posted an increase in revenue but a dip in profit during the third quarter amid a challenging freight environment, the company said Oct 30.
Universal Reports Revenue Decline Amid Q3 Headwinds
Universal Logistics Holdings experienced an overall decrease in revenue, with each segment facing year-over-year declines for the third quarter of 2023, the company reported Oct 26.
Ryder Reports Slight Revenue Decline for Q3
Ryder System Inc. experienced a slight decline in year-over-year revenue amid market headwinds during the third quarter of 2023, the company reported Oct. 25.
Estes Express IT System Fully Restored, COO Says
Estes Express Lines’ information technology systems are “completely restored” after a cyberattack earlier in October, according to Chief Operating Officer Webb Estes.
UPS Reports Lower Earnings on Labor Deal Costs
UPS Inc. cut its annual profit target on a spike in costs from a new union labor contract and weaker package demand.
TFI Third-Quarter Profit Dives 45.6% on Weak Freight Market
TFI International profits in the third quarter slumped 45.6% year-over-year, with the Canadian company primarily citing weaker market conditions, especially in the truckload market.
Ryder to Buy Impact Fulfillment Services
Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.
Fleets Learn to Utilize In-Cab Technology
Some fleet operators are finding the right balance between software use and customization to map better routes, save money and simplify a wide array of functions.
Roadrunner Offers Free LTL Delivery on Late Shipments
Roadrunner is now offering free less-than-truckload freight delivery if the shipment does not arrive on the promised date, it said.