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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 Knight-Swift Transportation 4,698,655
2 J.B. Hunt Transport Services 4,332,439
3 Landstar System 2,742,281
4 Werner Enterprises 2,310,810
5 Ryder Dedicated Transportation Solutions 2,211,000
6 Penske Logistics 2,200,000
7 Schneider 2,156,000
8 TFI International 1,625,592
9 CRST The Transportation Solution 1,350,000
est
10 Crete Carrier Corp. 1,342,000
11 Heartland Express 1,207,000
12 Ruan 912,000
est
13 NFI 823,401
14 Western Express 743,578
est
15 C.R. England 709,335
est
16 FirstFleet 609,000
est
17 Universal Truckload 557,417
18 Day & Ross Freight 535,150
19 Bison Transport 480,246
20 P.A.M. Transport 460,900
21 Mesilla Valley Transportation 446,000
est
22 Cowan Systems 429,381
23 Marten Transport 408,272
24 USA Truck 367,650
est
25 Fastfrate Group 344,000
26 Covenant Logistics Group 320,287
27 New Legend 311,928
est
28 Artur Express 298,248
est
29 Roehl Transport 285,205
est
30 Evans Delivery 237,000
31 Canada Cartage 232,811
est
32 Paper Transport 213,287
33 Anderson Trucking Service 209,700
34 PS Logistics 182,600
est
35 TCI Transportation 173,000
36 Forward Air 159,513
37 Averitt Express 158,360
est
38 Cheema Freightlines 148,452
39 GP Transco 148,262
est
40 Transportation Services 141,000
41 System Freight 137,212
42 A. Duie Pyle 136,000
43 Titan Transfer 125,244
est
44 Cargo Transporters 121,436
45 Transervice Logistics 118,162
est
46 Leonard's Express 116,414
est
47 Southeastern Freight Lines 89,207
48 Highlight Motor Group 83,230
est
49 May Trucking Co. 71,644
50 RoadOne IntermodaLogistics 50,000
51 TGR Logistics 47,000
52 Schuster Co. 44,600
53 AMX Trucking 38,040
est
54 Paul Logistics 33,000
55 Aifleet 30,099
56 McCollister's Global Services 28,530
est
57 Dupré Logistics 27,522
58 Beemac Trucking 19,020
est
59 Atlas World Group 18,024
60 Trans-System 14,000
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
Government, Business, Technology, For-Hire

New SEC Rules Prompt Closer Look at Cybersecurity

Trucking businesses need to take a close look at the state of their cybersecur­ity in 2024 now that tough, new disclosure rules from the Securities and Exchange Commission have gone live.

Joe Dysart | Webology 101
February 23, 2024
Business, Equipment, For-Hire

Estes, Pitt Ohio Among Firms Filling Yellow Void in Buffalo

Yellow Corp.’s shutdown has opened the door for Estes Express Lines, Pitt Ohio and more to make greater inroads in the Buffalo, N.Y., Niagara region.

Matt Glynn | The Buffalo (N.Y.) News
February 20, 2024
Business, Technology, Logistics, For-Hire

Social Media Platforms Open Fleets to Newer Recruiting Pool

Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.

Amanda Smith | Special to Transport Topics
February 16, 2024
Government, Business, For-Hire

Knight-Swift Adds 10 More Leased Yellow Terminals to Haul

Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.

Keiron Greenhalgh | Staff Reporter
February 14, 2024
Business, Logistics, For-Hire

Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

Keiron Greenhalgh | Staff Reporter
February 14, 2024
Business, Logistics, For-Hire

XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says

Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.

Nina Trentmann | Bloomberg News
February 12, 2024
Business, For-Hire

TFI Eyes Merger for Truckload Operations as Part of Spinoff

TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.

Keiron Greenhalgh | Staff Reporter
February 9, 2024
Business, Logistics, For-Hire

TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll

Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.

Keiron Greenhalgh | Staff Reporter
February 9, 2024
Business, Logistics, For-Hire

Forward Air CEO Tom Schmitt Exits After Omni Deal Completion

Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.

Keiron Greenhalgh | Staff Reporter
February 8, 2024
Business, Technology, Logistics, Autonomous, For-Hire

Trucking Executives Cite Opportunities for AI Adoption

LAS VEGAS — Artificial intelligence promises to unlock greater efficiency in the freight transportation industry, but implementing AI functions is not without its challenges.

Seth Clevenger | Managing Editor, Features and Multimedia
February 8, 2024
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