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2024 Top Air/Expedited Carriers

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 Forward Air 1,096,958
2 Covenant Logistics Group 423,820
3 ArcBest 280,239

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

BusinessEquipmentLogisticsFor-Hire

STG Logistics Files for Bankruptcy, Continues Operations

STG and 64 affiliates filed for court protection with the U.S. Bankruptcy Court for the District of New Jersey. The company expects to exit court protection in around five months’ time.

January 12, 2026
BusinessEquipmentLogisticsFor-HireTop 100

Koch Acquires Store Opening Solutions

Murfreesboro, Tenn.-based Store Opening Solutions specializes in retail fixture, furniture and equipment inventory. It will become part of the Koch Logistics division.

January 12, 2026
BusinessLogisticsFor-HireGlobal Freight

Current, Former Executives Buy USA Truck From DSV

DSV said in October it was working on selling USA Truck, which did not fit its vision for asset-light North American on-road operations. USA Truck CEO George Henry will continue in the role.

January 12, 2026
BusinessEquipmentFor-Hire

Dart Transit Group Sold After 90 Years of Family Ownership

The acquisition does not change day-to-day operations. The Dart name and operating entities remain unchanged, and drivers, customers, leadership and staff will remain in place.

January 9, 2026
BusinessTechnologyEquipmentLogisticsFor-HireTop 100

Ryder Acquires Georgia’s Truck Service Depot

Ryder System acquired Georgia mobile truck and trailer maintenance specialist Truck Service Depot on Jan. 6 for an undisclosed sum, the company said.

January 7, 2026
GovernmentBusinessTechnologyLogisticsFor-HireGlobal Freight

Transport Stocks Jump to Record High on Economic Optimism

U.S. transportation stocks closed at a record level Jan. 6, capping off a rebound fueled by prospects of strong economic growth this year. 

January 6, 2026
BusinessEquipmentLogisticsFor-HireTop 100

Standard Forwarding Freight Suspends Operations

Less-than-truckload carrier Standard Forwarding Freight suspended day-to-day operations in the final week of 2025, the company said, as key executives departed.

January 6, 2026
GovernmentBusinessTechnologyLogisticsFor-HireGlobal Freight

Transportation Stocks Eye Record on Economic Growth Hopes

Among the Dow Jones Transportation Average's best performers in 2025 were C.H. Robinson Worldwide, surging 56%, as investors fawned over its use of artificial intelligence to cut costs. 

January 5, 2026
GovernmentBusinessLogisticsFor-Hire

Truck Tonnage Nudges 0.2% Higher in November

Trucking activity in the U.S. climbed slightly in November, but shipments remain at low levels, according to American Trucking Associations.

December 23, 2025
GovernmentBusinessTechnologyEquipmentLogisticsFor-Hire

Market Uncertainty to Follow Trucking Into 2026

President Trump's approach to renegotiating trade deals has injected unease into international supply chains as well as a domestic trucking industry already 2½ years into a downturn.

December 23, 2025

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