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.
Rankings
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
est
5 Sameday Worldwide 7,400
6 NFI 5,000
Extras
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, 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 and Multimedia
October 19, 2023
Government, Business, Equipment, For-Hire

Yellow Aims to Appoint Auction Houses for Rolling Stock Sale

The administrators of Yellow Corp. aim to use auction houses to sell off the bankrupt less-than-truckload carrier’s rolling stock, according to court filings.

Keiron Greenhalgh | Staff Reporter
October 18, 2023
Business, Logistics, For-Hire

J.B. Hunt Q3 Profit Slides 30.4% Year-Over-Year

J.B. Hunt Transport Services posted a 30.4% year-over-year decrease in profits in the third quarter, undershooting analyst expectations as revenues declined at each of the carrier’s operating units.

Keiron Greenhalgh | Staff Reporter
October 17, 2023
Business, Equipment, For-Hire

Yellow Extends Bid Deadline for Trucks, Trailers

Yellow Corp. has rescheduled the bid deadline for its fleet of trucks and trailers, according to court documents related to the shuttered carrier’s ongoing bankruptcy proceedings.

Keiron Greenhalgh | Staff Reporter
October 15, 2023
Business, Technology, For-Hire

Estes Rating, Quoting System Returns to Action After Cyberattack

Estes Express Lines late Oct. 12 said its rating and quoting system, as well as telephone lines and email access, were again operational following a cyberattack earlier in the month.

Keiron Greenhalgh | Staff Reporter
October 13, 2023
Business, Technology, Equipment, For-Hire, Private

Mercedes Unveils Longhaul Electric Truck

Mercedes-Benz Trucks revealed a heavy-duty electric truck to take on Tesla Inc.’s battery-powered Semi, the latest move in the intensifying race to decarbonize road logistics.

William Wilkes | Bloomberg News
October 10, 2023
Business, Technology, Safety, For-Hire

Estes: Many Core IT Systems Operational Again After Attack

Estes Express Lines on Oct. 6 said a large share of its core IT infrastructure systems were “once again operational” following a cyberattack earlier in the week.

Keiron Greenhalgh | Staff Reporter
October 6, 2023
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