2023 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

North America’s largest trucking companies continued growth in 2022 despite a weaker freight environment

Recruiting the truckers of tomorrow is a top priority for trucking companies preparing for years to come

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 FedEx Corp. 1,934,260
2 10 Roads Express 1,012,000
3 UPS Inc. 391,373
4 Evo Transportation & Energy Services 262,195
5 Matheson Trucking 244,175
6 Southern Mail Service 168,567
7 Midwest Transport 162,680
8 McCormick Trucking 142,869
9 XPO 124,397
10 Alan Ritchey Inc. 121,651
11 AJR Trucking 103,103
12 Traffix USA 101,887
13 Bancroft and Sons Transportation 94,573
14 Davenport Transportation 93,449
15 Beco Inc. 73,297
16 Mail Management Services 59,577
17 B&B Trucking 59,095
18 Davis Mail Services 59,057
19 Veltri Inc. 56,199
20 Sodrel Truck Lines 49,491
21 United Express Service 41,572
Extras

A top industry concern for years, suitable parking spaces remain elusive for many truckers

104

On the Bubble

Highlight Motor Group ($217 million), is a truckload and LTL carrier based in Concord, Ontario.

The numerous, complex regulations faced by the trucking industry can be made simpler using new technology

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics

While mergers and acquisitions alter the business landscape, top for-hire carriers grew revenues across segments in 2022

Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list

For-Hire News
Business, Equipment, Logistics, For-Hire

Canada Cartage Acquires GTI Group

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.

Keiron Greenhalgh | Staff Reporter
December 4, 2023
Business, Technology, Safety, For-Hire

Estes Express Says It Is Doing Well Post-Cyberattack

Executives from Estes Express Lines recently shared details and lessons learned about the company’s response after an October cyberattack hampered the carrier’s operations.

Keiron Greenhalgh | Staff Reporter
November 21, 2023
Business, Logistics, For-Hire

Forward Air Files Counterclaim Against Omni on Merger

Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.

Connor D. Wolf | Staff Reporter
November 13, 2023
Business, Logistics, For-Hire

Werner Enterprises Reports Earnings Drop on Steady Revenue

Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.

Connor D. Wolf | Staff Reporter
November 2, 2023
Business, Logistics, For-Hire

Forward Air Reports 82% Earnings Drop During Q3

Forward Air Corp. reported an 82.2% drop in earnings during the third quarter of 2023 as revenue declined amid a weak freight environment, the company reported Oct 30.

Connor D. Wolf | Staff Reporter
November 1, 2023
Government, Business, Equipment, For-Hire, TCA

Jack Cooper Making $2 Billion Bid for Bankrupt Yellow

Jack Cooper Transport is reportedly making a nearly $2 billion bid to snatch up the assets of Yellow, the trucking firm that collapsed in late July and filed for bankruptcy.

Michael E. Kanell | The Atlanta Journal-Constitution
October 31, 2023
Business, Equipment, For-Hire

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.

Keiron Greenhalgh | Staff Reporter
October 30, 2023
Business, Technology, For-Hire

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.

Connor D. Wolf | Staff Reporter
October 30, 2023
Business, Logistics, For-Hire

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.

Connor D. Wolf | Staff Reporter
October 27, 2023
Business, Logistics, For-Hire

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.

Connor D. Wolf | Staff Reporter
October 26, 2023
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