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
Rank This Year Rank Last Year Company Revenue (000) Net Income (000) Employees Tractors* Trailers
1 1
UPS Inc.
74,094,000 4,440,000 495,000 19,851 107,542
2 2
FedEx Corp.
68,869,000 2,359,000 475,000 29,813 113,218
3 3
XPO
16,648,000 379,000 100,000 15,500 40,000
4 4
J.B. Hunt Transport Services
9,165,258 516,000 29,106 17,972 35,093
5 7
Schneider
5,000,000 147,000 15,650 9,000 35,100
6 6
Yellow Corp.
4,871,200 -104,000 30,000 14,100 43,700
7 5
Knight-Swift Transportation Holdings
4,843,950 310,178 23,800 19,520 58,315
8 9
Old Dominion Freight Line
4,109,111 615,518 21,159 9,296 37,539
9 8
Landstar System
4,084,577 227,720 1,333 10,243 17,067
10 11
Ryder Supply Chain Solutions
3,968,754 226,209
11 10
TFI International
3,903,828 233,891 16,700 15,844 25,505
12 12
Hub Group
3,668,117 107,171 5,000 3,900 4,920
13 13
Estes Express Lines
3,260,000 - 19,000 7,485 38,617
14 14
ArcBest
2,988,310 39,985 13,000 4,137 23,639
15 16
Penske Logistics
2,600,000 - 19,475 4,634 17,626
16 15
Werner Enterprises
2,463,701 166,944 12,736 8,033 24,145
17 18
Prime Inc.
2,288,397 307,504 4,900 7,416 14,116
18 19
NFI
2,140,000 - 12,600 4,550 12,500
19 23
R+L Carriers
1,972,000 -
20 17
Roadrunner Freight
1,847,862 -340,937 3,600
21 25
Saia Inc.
1,786,735 113,719 10,400 4,779 16,376
22 27
Kenan Advantage Group
1,758,645 - 9,400 6,977 11,225
23 21
Daseke Inc.
1,737,000 -307,400 5,946 2,334
24 20
U.S. Xpress Enterprises
1,707,361 -3,043 8,572 6,900 15,500
25 24
CRST The Transportation Solution
1,559,000 - 6,778 5,808 14,513
26 26
C.R. England
1,545,199 - 8,153 4,309 6,604
27 28
Universal Logistics Holdings
1,511,998 37,586 6,541 5,343 4,428
28 22
UniGroup
1,500,000 -
29 31
Forward Air
1,410,395 87,099 5,652 1,353 7,178
30 29
Sirva Inc.
1,400,000 -
31 30
Southeastern Freight Lines
1,384,438 - 8,839 3,385 10,666
32 32
Averitt Express
1,319,000 - 9,007 5,319 14,905
33 33
Anderson Trucking Service
1,274,459 - 2,294 2,780 7,209
34 34
Evans Delivery
1,240,000 - 430 6,200 550
35 35
Crete Carrier Corp.
1,200,000 - 6,500
36 36
Purolator
1,166,279 - 11,000 465 1,329
37 46
Day & Ross
1,130,700 - 5,000 4,000 8,000
38 45
Quality Carriers
1,090,684 -
39 37
Lynden
1,075,000 - 3,039 998 2,679
40 39
Ruan
1,002,045 - 5,900 3,704 9,661
41 40
KLLM Transport Services
936,000 - 3,600 5,400
42 41
Atlas World Group
906,400 96,000 754 1,228 3,864
43 42
Covenant Logistics Group
894,528 8,477 5,550 3,021 6,739
44 44
Central Transport International
856,000 -
45 43
Pitt Ohio Transportation Group
855,982 - 5,680 2,055 5,836
46 48
Marten Transport
843,271 61,071 4,087 3,212 5,464
47 47
Cardinal Logistics
805,000 - 4,220 3,055 8,700
48 49
PS Logistics
747,339 - 3,664
49 51
Stevens Transport
737,294 85,210 2,750 1,950 3,290
50 50
AAA Cooper Transportation
718,000 - 5,000 2,552 6,958
51 54
United Road Services
713,000 - 1,837 2,368 1,200
52 52
Western Express
683,535 - 3,250 3,050 8,080
53 54
Dayton Freight Lines
679,000 - 4,949 1,955 4,600
54 53
Mullen Group
664,550 - 3,768 1,978 5,139
55 56
Bennett International Group
650,846 - 1,029 1,810 2,186
56 62
Bison Transport
633,817 - 3,688 2,185 5,711
57 61
OnTrac Inc.
618,000 -
58 66
Trimac Transportation
610,000 - 3,000 2,120 3,400
59 59
Suddath
600,000 - 2,200
60 57
Heartland Express
596,815 72,967 4,050 2,630 8,000
61 69
Black Horse Carriers
561,000 - 4,040 1,958 4,500
62 73
Hirschbach Motor Lines
550,530 - 1,141 1,887 3,503
63 58
Mercer Transportation Co.
543,651 - 301 2,383 2,600
64 67
Canada Cartage System
535,800 5,800 3,269 2,736 3,019
65 63
Cowan Systems
533,012 - 2,397 2,279 6,782
66 70
Two Men and a Truck Movers
524,929 - 11,396
67 64
USA Truck (DB Schenker)
522,631 -4,698 2,098 1,990 6,092
68 65
P.A.M. Transport
514,177 7,900 2,666 2,130 7,081
69 60
Jack Cooper Holdings
507,000 - 3,753
70 75
A. Duie Pyle Inc.
491,100 - 3,281 1,209 2,285
71 74
LaserShip Inc./OnTrac Inc.
452,000 -
72 72
TMC Transportation
450,000 -
73 76
Roehl Transport
438,659 - 2,702 2,040 5,481
74 68
Dart Transit Co.
424,000 - 2,362
75 71
10 Roads Express
390,445 -
76 77
Maverick USA
389,182 - 2,125 1,582 2,582
77 78
Transport Investments
384,719 - 200
78 79
Mesilla Valley Transportation
383,950 - 1,662
79 83
Koch Cos.
351,081 - 1,224 1,164 5,540
80 80
IMC Cos.
347,395 - 2,012
81 81
Red Classic
342,100 - 1,275 577 2,918
82
Salmon Cos.
341,073 - 824 1,104
83 89
John Christner Trucking
338,873 - 207 839 1,244
84 95
Challenger Motor Freight
335,000 - 1,200 1,570 3,550
85 82
Foodliner/Quest Liner
334,103 - 1,315 1,317 2,340
86 86
RoadOne IntermodaLogistics
314,000 - 2,200 1,700 350
87 85
Melton Truck Lines
305,717 - 1,868 1,457 2,407
88
Fastfrate Group
301,520 - 1,530 1,116 1,350
89 86
ContainerPort Group
300,000 - 400
90
Dupré Logistics
297,582 - 1,313 750 1,471
91 84
TransAm Trucking
297,000 -
92 90
Heniff Transportation Systems
293,000 -
93 86
Trans-System Inc.
290,000 - 1,051 1,026 1,849
94 93
Hansen & Adkins Auto Transport
283,137 6,622 955 1,224 945
95 97
Martin Transportation Systems
276,978 - 2,357 1,264 2,417
96 95
Quantix Supply Chain Solutions
276,000 - 1,100
97
FFE Transportation Services
275,000 - 1,511 1,000 1,450
98 98
PGT Trucking
273,828 - 680 1,090 1,800
99
Groendyke Transport
273,125 -
100 99
Superior Bulk Logistics
269,000 -
Extras
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110

On the Bubble

Magnate Worldwide ($235 million), is an air and expedited carrier based in Toledo, Ohio
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
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Knight-Swift Adds 10 More Leased Yellow Terminals to Haul

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February 14, 2024
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Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

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Keiron Greenhalgh | Staff Reporter
February 14, 2024
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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
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TFI Eyes Merger for Truckload Operations as Part of Spinoff

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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
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Forward Air CEO Tom Schmitt Exits After Omni Deal Completion

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Keiron Greenhalgh | Staff Reporter
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Trucking Executives Cite Opportunities for AI Adoption

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ArcBest Reports 31% Earnings Gain Despite Revenue Drop

ArcBest Corp. experienced a 30.7% increase in earnings despite a decline in revenue during the fourth quarter of 2023, the company reported Feb. 6.

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Auto Stoppages Push P.A.M. Transportation Into Red in Q4

Labor stoppages at automotive manufacturers across the U.S. and a weak freight environment hit profits at carrier P.A.M. Transportation in the final three months of 2023, the company said.

Keiron Greenhalgh | Staff Reporter
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