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 Company Revenue (000)
1 Forward Air 804,100
2 Roadrunner Freight 672,965
est
3 XPO 477,300
4 ArcBest 252,000
5 Landstar System 121,485
6 LoadOne 108,000
est
7 Magnate Worldwide 73,000
8 Averitt Express 12,236
est
9 Sameday Worldwide 9,046
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
Business, Technology, Logistics, For-Hire

J.B. Hunt Names Shelley Simpson Company President

J.B. Hunt Transport Services Inc. appointed Shelley Simpson president — the first woman to serve in that role.

Connor D. Wolf | Staff Reporter
July 20, 2022
Business, Logistics, For-Hire

J.B. Hunt Reports Q2 Revenue Jump to $3.84 Billion

J.B. Hunt Transport Services Inc. on July 19 posted earnings and revenue growth for the second quarter that was driven by strong segment results.

Connor D. Wolf | Staff Reporter
July 20, 2022
Business, Logistics, For-Hire, Top 100

Marten Reports Record-Breaking Results for Q2

Marten Transport on July 18 reported the highest operating revenue and operating income in its history for the second quarter.

Connor D. Wolf | Staff Reporter
July 19, 2022
Business, Logistics, For-Hire

UPS Expands Cargo Services in India to Seize Airfreight Boom

UPS Inc. opened a second airport cargo-handling facility in India to capture soaring pandemic-driven demand for airfreight.

Ragini Saxena | Bloomberg News
July 19, 2022
Business, Logistics, For-Hire, Top 100

Trucking Faces Pressure to Prepare for Holidays Early

Supply chain pressures are forcing trucking to get an early start to the holiday shipping season despite a shift of underlying conditions within the industry.

Connor D. Wolf | Staff Reporter
July 18, 2022
Business, Logistics, For-Hire

Averitt Announces Pay Increases for Drivers

Cookeville, Tenn.-based Averitt Express announced July 13 it was raising pay for its less-than-truckload drivers as well as providing a new guaranteed weekly minimum for its regional and flatbed drivers and a shorter waiting period in receiving benefits coverage for its new hires.

Dan Ronan | Senior Reporter
July 13, 2022
Business, Logistics, For-Hire, Top 100

XPO Names New Tech Brokerage Company RXO

XPO Logistics’ new tech-enabled brokerage platform that is set to begin operations in the fourth quarter will be called RXO, the company announced July 12.

Dan Ronan | Senior Reporter
July 12, 2022
Business, Logistics, For-Hire

J.B. Hunt Expedites Overseas Delivery of New Containers

J.B. Hunt Transport Services Inc. has expedited overseas delivery of new containers as part of its commitment to grow intermodal capacity, the company announced June 30.

June 30, 2022
Business, Technology, Fuel, Logistics, For-Hire

Hyliion, Cummins Collaborate on Hypertruck ERX

Hyliion Inc. announced it is collaborating with Cummins Inc. to bring Hyliion’s natural gas extended range powertrain to North American trucking on schedule.

Roger Gilroy | Senior Reporter
June 30, 2022
Business, Logistics, For-Hire

FedEx Predicts Profit Growth Under Three-Year Plan

FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks.

Thomas Black | Bloomberg News
June 29, 2022
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