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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
Equipment, Safety, For-Hire

Are Air Disc Brakes Worth It?

In choosing brake systems for a commercial fleet, there’s no wrong answer whether air disc brakes are a right fit versus drum brakes. There are plenty of advantages for both.

Michael Freeze | Features Editor
July 12, 2024
Government, Business, Equipment, For-Hire

Federal Maritime Commission Reopens Port Chassis Probe

The Federal Maritime Commission has opened a follow-up investigation involving the right of motor carrier choice in chassis provisioning.

Eric Miller | Senior Reporter
July 11, 2024
Business, Logistics, For-Hire

UPS Names Brian Dykes New CFO

UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant’s former finance leader left the company last month to focus on his health.

Cailley LaPara | Bloomberg News
July 9, 2024
Government, Business, Safety, Logistics, For-Hire

US Chamber Files Amicus Brief in Werner Verdict

The U.S. Chamber of Commerce has filed a “friend of the court” brief with the Texas Supreme Court asking the court to reject a $100 million lower-court jury verdict against Werner Enterprises.

Eric Miller | Senior Reporter
July 1, 2024
Business, Logistics, For-Hire

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

Cailley LaPara | Bloomberg News
June 26, 2024
Business, For-Hire

TFI Inks Fifth ’24 Takeover With Tank Truck Carrier Purchase

TFI International acquired Entreposage Marco Inc. for an undisclosed sum, its fifth takeover in 2024 and second of a food-grade liquids hauler, the company announced in a LinkedIn post.

Keiron Greenhalgh | Staff Reporter
June 24, 2024
Business, Logistics, For-Hire, Global Freight

UPS to Sell Coyote Logistics to RXO

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.

Connor D. Wolf | Staff Reporter
June 24, 2024
Business, For-Hire

Interactive Map: Where the 2024 Top 100 For-Hire Carriers Are in North America

Find out where the 2024 Top 100 For-Hire Carriers are located by regions and by state in North America with our interactive map.

June 21, 2024
Business, For-Hire, Top 100

A. Duie Pyle Celebrates Centennial Milestone

From the Great Depression to industry deregulation and beyond, A. Duie Pyle has kept trucking, marking a full century of economic cycles and transformations in freight transportation.

Seth Clevenger | Managing Editor, Features and Multimedia
June 21, 2024
Business, For-Hire, Top 100

Industry Sector Rankings Reflect Market Downturn

For-hire carriers across segments saw revenues slide and margins tighten in 2023, but some industry sectors fared better than others.

June 21, 2024
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