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.
| Rank This Year | Rank Last Year | Company | Revenue (000) | Net Income (000) | Employees | Tractors* | Trailers |
|---|---|---|---|---|---|---|---|
| 30 | 35 | 1,525,716 est |
- | 1,234 | |||
| 80 | 84 | 390,150 est |
- | 900 | 2,000 | ||
| 17 | 18 | 3,070,000 est |
- | 8,284 | 20,468 | ||
| 35 | 44 | 1,261,000 est |
- | 2,953 | 11,877 | ||
| 58 | 758,000 est |
- | |||||
| 74 | 63 | 443,000 est |
- | 2,043 | 6,300 | ||
| 90 | 95 | 305,694 est |
- | 1,500 | 4,000 | ||
| 43 | 48 | 1,057,251 | - | 3,050 | 4,300 | ||
| 61 | 76 | 676,000 est |
- | 3,681 | 4,429 | ||
| 77 | 80 | 415,120 est |
- | 260 | 550 | 650 | |
| 65 | 70 | 647,000 est |
- | 266 | 2,093 | 2,093 | |
| 81 | 87 | 374,000 est |
- | 400 | 158 | 575 | |
| 72 | 78 | 468,180 est |
- | 450 | 1,500 | ||
| 89 | 93 | 312,933 est |
- | 509 | 757 | 3,400 | |
| 96 | 100 | 232,529 est |
- | 588 | 653 | 1,250 | |
| 82 | 357,000 | - | 600 | 640 | 1,300 | ||
| 34 | 36 | 1,282,000 | - | 616 | 3,900 | ||
| 75 | 85 | 425,089 | - | 619 | 1,199 | 2,011 | |
| 22 | 23 | 2,040,000 | - | 630 | 7,500 | ||
| 50 | 53 | 904,600 | 2,000 | 637 | 1,679 | 3,754 | |
| 52 | 54 | 886,000 | - | 783 | 1,020 | 1,508 | |
| 85 | 91 | 331,258 est |
- | 930 | 616 | 1,000 | |
| 97 | 207,000 | - | 1,090 | 850 | 2,200 | ||
| 93 | 98 | 264,906 | - | 1,095 | 750 | 3,340 | |
| 84 | 92 | 332,000 | - | 1,150 | 1,005 | 1,900 | |
| 92 | 97 | 290,822 est |
- | 1,200 | 1,897 | 2,068 | |
| 39 | 43 | 1,127,348 | - | 1,215 | 3,499 | 3,345 | |
| 87 | 86 | 323,556 | 187,260 | 1,225 | 615 | 1,805 | |
| 78 | 88 | 410,000 est |
- | 1,250 | 352 | 2,042 | |
| 98 | 204,698 | 6,141 | 1,288 | 1,150 | 2,696 | ||
| 91 | 96 | 301,222 est |
- | 1,300 | 1,200 | 4,600 | |
| 99 | 198,166 | -1,324 | 1,315 | 702 | 1,620 | ||
| 95 | 248,467 | - | 1,350 | 849 | 623 | ||
| 86 | 330,000 | - | 1,404 | 687 | 1,423 | ||
| 10 | 6 | 5,303,322 | 264,394 | 1,468 | 9,809 | 18,017 | |
| 79 | 81 | 403,002 est |
- | 1,485 | 576 | 1,147 | |
| 69 | 83 | 556,975 | - | 1,585 | 1,480 | 3,134 | |
| 94 | 253,000 est |
- | 1,600 | 600 | |||
| 88 | 94 | 320,000 est |
- | 1,700 | 800 | 2,400 | |
| 83 | 82 | 349,442 | - | 1,754 | 1,596 | 2,420 | |
| 100 | 182,415 | 13,426 | 1,800 | 119 | 295 | ||
| 60 | 64 | 736,236 est |
- | 1,837 | 1,797 | 1,915 | |
| 70 | 74 | 547,128 est |
- | 2,000 | 2,000 | ||
| 71 | 75 | 531,522 est |
- | 2,000 | 1,286 | 1,284 | |
| 73 | 72 | 446,000 est |
- | 2,000 | 1,600 | 5,600 | |
| 76 | 79 | 423,433 est |
- | 2,173 | 1,645 | 2,763 | |
| 64 | 69 | 664,000 | - | 2,262 | 1,899 | 3,425 | |
| 63 | 68 | 670,079 | - | 2,325 | 2,392 | 7,666 | |
| 31 | 30 | 1,511,300 | - | 2,379 | 2,443 | 6,891 | |
| 37 | 41 | 1,193,400 est |
- | 2,519 | 1,088 | 3,348 | |
| 54 | 61 | 810,807 | 18,416 | 2,530 | 2,200 | 8,567 | |
| 55 | 45 | 808,000 est |
- | 2,624 | 3,152 | 5,250 | |
| 68 | 73 | 574,000 est |
- | 2,933 | 2,166 | 5,820 | |
| 33 | 40 | 859,429 | - | 2,940 | 2,200 | 150 | |
| 51 | 57 | 903,312 est |
- | 3,000 | 2,035 | 5,782 | |
| 56 | 67 | 795,000 | - | 3,200 | 2,500 | 2,345 | |
| 67 | 71 | 574,668 est |
- | 3,400 | 2,200 | 5,000 | |
| 62 | 59 | 674,500 | - | 3,500 | 2,897 | 4,608 | |
| 59 | 65 | 744,000 est |
- | 3,500 | 2,519 | 3,402 | |
| 28 | 33 | 1,569,780 est |
- | 3,600 | 3,950 | 6,400 | |
| 53 | 62 | 814,000 | 118,900 | 3,650 | 2,400 | 4,100 | |
| 66 | 609,000 est |
- | 3,700 | 3,076 | 11,683 | ||
| 41 | 27 | 1,096,958 | 167,351 | 4,014 | 989 | 6,637 | |
| 57 | 66 | 774,000 | - | 4,120 | 1,763 | 2,924 | |
| 38 | 42 | 1,131,455 | 70,373 | 4,213 | 3,349 | 5,653 | |
| 46 | 49 | 1,003,153 | - | 4,486 | 2,600 | 9,400 | |
| 20 | 19 | 2,520,027 | 368,654 | 4,535 | 8,112 | 15,735 | |
| 47 | 37 | 989,259 | 101,259 | 4,621 | 2,354 | 6,549 | |
| 40 | 46 | 1,103,573 | 55,229 | 4,904 | 2,458 | 4,808 | |
| 23 | 34 | 1,706,219 | - | 5,000 | 3,782 | 10,302 | |
| 44 | 50 | 1,054,000 est |
- | 5,300 | 3,550 | 9,200 | |
| 49 | 60 | 944,742 | - | 5,424 | 1,654 | 4,145 | |
| 48 | 55 | 962,180 est |
- | 5,583 | 3,500 | 5,000 | |
| 45 | 56 | 1,035,000 est |
- | 5,800 | 2,261 | 5,223 | |
| 14 | 11 | 4,202,585 | 167,528 | 5,950 | 5,200 | 4,300 | |
| 25 | 26 | 1,668,000 est |
- | 6,224 | 4,778 | ||
| 36 | 58 | 1,207,458 | 14,775 | 6,320 | 5,512 | 16,833 | |
| 32 | 38 | 1,342,000 | - | 6,500 | 5,538 | 13,170 | |
| 42 | 28 | 1,089,000 est |
- | 6,500 | 3,996 | 5,544 | |
| 29 | 39 | 1,529,000 | - | 8,258 | 1,537 | 9,854 | |
| 24 | 32 | 1,686,340 | - | 8,592 | 2,924 | 8,426 | |
| 25 | 29 | 1,668,000 est |
- | 9,309 | 5,255 | 15,774 | |
| 27 | 25 | 1,662,139 | 92,901 | 9,311 | 4,206 | 4,892 | |
| 21 | 22 | 2,406,635 | - | 10,000 | 7,550 | 12,600 | |
| 16 | 17 | 3,283,499 | 112,382 | 13,809 | 8,035 | 30,810 | |
| 18 | 21 | 2,881,433 | 354,857 | 14,000 | 6,500 | 22,100 | |
| 19 | 20 | 2,653,000 | 296,000 | 14,000 | 552 | 1,073 | |
| 12 | 12 | 4,427,443 | 142,164 | 15,000 | 4,411 | 24,323 | |
| 15 | 16 | 3,500,000 | - | 17,300 | 4,850 | 13,700 | |
| 9 | 8 | 5,498,900 | 238,500 | 17,300 | 10,600 | 47,300 | |
| 13 | 15 | 4,300,000 | - | 21,173 | 7,287 | 21,979 | |
| 11 | 14 | 5,073,000 | - | 22,803 | 10,033 | 41,368 | |
| 8 | 10 | 5,866,152 | 1,239,502 | 23,386 | 10,791 | 46,414 | |
| 4 | 4 | 9,090,567 est |
504,877 | 25,123 | 7,504 | 34,599 | |
| 7 | 7 | 7,141,766 | 217,149 | 34,300 | 24,788 | 96,347 | |
| 3 | 3 | 12,829,665 | 728,287 | 35,000 | 23,000 | 47,400 | |
| 5 | 5 | 7,744,000 | 189,000 | 38,000 | 9,500 | 33,500 | |
| 6 | 9 | 7,660,000 est |
- | 47,500 | 69,000 | 40,800 | |
| 1 | 1 | 90,958,000 | 6,708,000 | 500,000 | 19,267 | 84,956 | |
| 2 | 2 | 87,514,000 | 4,395,000 | 529,000 | 38,697 | 138,230 |
Top For-Hire Carriers on this list are common and contract freight carriers operating in the United States, Canada and Mexico. Companies are ranked on the basis of annual revenue. To be included in the Top 100 or any of the sectors, please send contact information to tteditor@ttnews.com. We will contact you via phone or e-mail to get information about your company prior to publication of the next Top 100 list.
* Tractor count includes company-owned, lease-to-own and owner-operator tractors.
#2 FedEx Corp. revenue and net income is for the 12-month period ended Feb. 29, 2024.
#4 TFI’s revenue is adjusted to reflect its acquisition of Daseke Inc. in April 2024.
#6 Ryder’s revenue is adjusted to reflect its acquisition of Cardinal Logistics in February 2024.
#33 IMC Logistics revenue data was provided by the company to replace the previously published estimate that determined its ranking on the Top 100 list.
#47 Mullen Group revenue and income converted to U.S. dollars based on average 2023 exchange rate.
#48 10 Roads Express revenue estimate is based on data provided by Culhane Meadows.
#28 PS Logistics, #30 OnTrac Inc., #37 Lynden, #51 Quality Carriers, #60 United Road Services, #67 Trimac Transportation, #70 Heniff, #71 Jack Cooper Holdings, #72 ContainerPort Group, #76 Maverick USA, #77 Beemac Trucking, #79 Dependable Supply Chain Services, #80 Koch Cos., #89 Artur Express, #90 Western Flyer Express, #91 New Legend, #92 Transervice Logistics and #96 National Carriers revenues are estimated by Transport Topics based on prior-year data and industry revenue trends.
#17 R+L Carriers, #25 CRST, #35 Central Transport International, #58 Manitoulin Group of Cos., #61 TMC Transportation, #65 Mercer Transportation, #66 FirstFleet and #68 Roehl Transport revenues are estimated by SJ Consulting Group.
#25 Averitt Express, #42 C.R. England, #45 Dayton Freight Lines, #55 Hirschbach Motor Lines, #59 Canada Cartage, #73 Mesilla Valley Transportation, #74 USA Truck, #78 Roadrunner Freight, #81 Daylight Transport, #88 Oak Harbor Freight Lines and #94 Ward Transport & Logistics revenue estimates are based on data provided by SJ Consulting Group.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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