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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 FedEx Corp. 74,905,000
2 UPS Inc. 59,958,000
3 Purolator 2,653,000
4 OnTrac Inc. 1,525,716
est
5 TFI International 461,930
6 Spee-Dee Delivery Service 182,415
7 Fastfrate Group 52,500
8 Day & Ross 7,645
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.

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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.

For-Hire News
Business, Logistics, For-Hire, Global Freight

UPS to Sell Coyote Logistics to RXO

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.

Connor D. Wolf | Staff Reporter
June 24, 2024
Business, For-Hire

Interactive Map: Where the 2024 Top 100 For-Hire Carriers Are in North America

Find out where the 2024 Top 100 For-Hire Carriers are located by regions and by state in North America with our interactive map.

June 21, 2024
Business, For-Hire, Top 100

A. Duie Pyle Celebrates Centennial Milestone

From the Great Depression to industry deregulation and beyond, A. Duie Pyle has kept trucking, marking a full century of economic cycles and transformations in freight transportation.

Seth Clevenger | Managing Editor, Features and Multimedia
June 21, 2024
Business, For-Hire, Top 100

Industry Sector Rankings Reflect Market Downturn

For-hire carriers across segments saw revenues slide and margins tighten in 2023, but some industry sectors fared better than others.

June 21, 2024
Business, For-Hire, Top 100

Freight Recession Squeezes Top 100 For-Hire Carriers

Soft market conditions in 2023 placed financial strain on many of the largest for-hire trucking companies in North America. 

Seth Clevenger | Managing Editor, Features and Multimedia
June 21, 2024
For-Hire, Top 100

An Immigrant’s Long Journey to Freedom Leads to Trucking

Since coming to the U.S. from Sudan in 1999, Lual Akoon has built a new life for himself — as a trucker and an advocate, meeting with legislators and representing drivers nationwide.

Gary Frantz | Special to Transport Topics
June 21, 2024
Business, For-Hire, Top 100

Fleets Persevere Through Down Market With Care and Creativity

The largest for-hire carriers have persevered through a down market with care for their customers and close attention to controlling costs.

Mindy Long | Special to Transport Topics
June 21, 2024
Business, Technology, Logistics, Autonomous, For-Hire

Artur Express to Run 100 Kodiak Self-Driving Sleeper Trucks

Artur Express plans to operate 100 sleeper trucks with Kodiak Robotics’ self-driving truck technology installed in a partnership between the companies, they said.

Keiron Greenhalgh | Staff Reporter
June 18, 2024
Business, Logistics, For-Hire, Private

Efficient Use of Space Is Key in Weak Freight Market: Study

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

Keiron Greenhalgh | Staff Reporter
June 18, 2024
Business, Logistics, For-Hire

Werner CEO Says Freight Market Is Returning to Normal

Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.

Connor D. Wolf | Staff Reporter
June 17, 2024
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