2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.
The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.
Find out where the Top 100 For-Hire Carriers are based.
Rank Company Revenue (000)
1 Forward Air 1,151,244
2 ArcBest 359,900
3 Covenant Logistics Group 337,100
4 Magnate Worldwide 73,000
5 Day & Ross 7,400
Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.
If your company appears in the 2022 list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics.
Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.
For-Hire News
Business, Technology, For-Hire

Trucking Technology Q&A: Melton’s Randy Rhines

Randy Rhines has managed information technology at flatbed carrier Melton Truck Lines since 1989, when the company was founded with 30 trucks.

May 26, 2023
Business, Safety, For-Hire

Werner Appeal of $89.7 Million Verdict Denied

A Texas state court has denied an appeal by Werner Enterprises Inc. of an $89.7 million jury verdict in a case involving a 2014 fatal crash.

Eric Miller | Senior Reporter
May 25, 2023
Government, Business, Technology, Safety, For-Hire

Hair Drug-Testing Rule Could Be Finalized by Midsummer

Can the long wait be coming to an end for the Department of Health and Human Services to adopt a drug testing rule allowing the use of hair samples to drug-test drivers?

Eric Miller | Senior Reporter
May 24, 2023
Business, Technology, Equipment, Logistics, For-Hire

Cummins Invests in Jamestown Plant for Fuel-Agnostic Engine

LAKEWOOD, N.Y. — Cummins Inc. is readying a $452 million investment in its 1 million-square-foot Jamestown Engine Plant to produce a fuel-agnostic internal combustion engine platform.

Michael Freeze | Features Editor
May 24, 2023
Business, Logistics, For-Hire

Impact of a Potential UPS Strike Looms Large

Like many UPS customers, Jessica Ray relies on deliveries of dog food and just about everything else for her home. Contentious labor negotiations at UPS could disrupt that comfort zone.

Matt Ott and Haleluya Hadero | Associated Press
May 23, 2023
Business, Technology, Logistics, For-Hire

Schneider Debuts Transportation-Focused Innovation Center

Schneider National has opened a new facility aimed at spurring innovation in the transportation sector, the company announced May 17.

May 22, 2023
Government, Business, Logistics, For-Hire

Transportation Labor Gets Biden Administration Attention

Transportation leaders from government and industry are closely watching labor negotiations, including pending contracts with workers from both UPS Inc. and Yellow Corp.

Dan Ronan | Senior Reporter
May 18, 2023
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal

After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 12, 2023
Business, Logistics, For-Hire, TCA

XPO Confirms Job Cuts to Reduce Labor Costs

GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.

Paul Schott | The Advocate (Stamford, Conn.)
May 9, 2023
Government, Business, Technology, For-Hire

ATA Leadership Touts Wins on Federal, State Levels

HOLLYWOOD, Fla. — The trucking industry is scoring wins on the national and state levels, said American Trucking Associations President Chris Spear at the Mid-Year Management Session.

Dan Ronan | Senior Reporter
May 9, 2023
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