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

101

On the Bubble

CrossCountry Freight Solutions ($250 million), is a truckload and LTL carrier based in Bismarck, N.D.

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, Technology, Safety, For-Hire

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.

Keiron Greenhalgh | Staff Reporter
October 26, 2023
Business, For-Hire

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.

Thomas Black | Bloomberg News
October 26, 2023
Business, Logistics, For-Hire

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.

Keiron Greenhalgh | Staff Reporter
October 24, 2023
Logistics, For-Hire

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.

Keiron Greenhalgh | Staff Reporter
October 24, 2023
Business, Technology, Equipment, Safety, For-Hire

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.

Dan Calabrese | Special to Transport Topics
October 23, 2023
Business, For-Hire

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.

Keiron Greenhalgh | Staff Reporter
October 23, 2023
Business, For-Hire

Knight-Swift Reports 69% Earnings Drop in Q3

Knight-Swift Transportation Holdings Inc. on Oct. 19 reported that its third-quarter earnings dropped by 69% year-over-year, even as revenue increased.

Connor D. Wolf | Staff Reporter
October 20, 2023
Business, For-Hire

Mullen Group Reports Mixed Q3 Results

Mullen Group posted an increase in earnings despite a decline in overall revenue during the third quarter, the company reported Oct. 19.

Connor D. Wolf | Staff Reporter
October 19, 2023
Business, Logistics, For-Hire

Marten Revenue Nears $280 Million Amid Tough Q3 Market

Marten Transport experienced a decline in revenue and earnings amid tough market conditions during the third quarter, the company reported Oct 18.

Connor D. Wolf | Staff Reporter
October 19, 2023
Business, Technology, Equipment, Logistics, Autonomous, For-Hire

Autonomous Trucks Could Create Safer Roads, Better Jobs

AUSTIN, Texas — Autonomous truck developers and their industry partners see opportunities for this technology to improve road safety and create more desirable jobs for drivers.

Seth Clevenger | Managing Editor, Features
October 19, 2023
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