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
Top 100 For-Hire | Less-Than-Truckload | Truckload/Dedicated | Intermodal/Drayage | Motor Vehicle/Driveaway | Tank/Bulk
Air/Expedited | Refrigerated | Flatbed/Heavy Specialized | Package/Courier | Household Goods/Commercial | Mail
Top Air/Expedited Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | Forward Air | 1,096,958 |
| 2 | Covenant Logistics Group | 423,820 |
| 3 | ArcBest | 280,239 |
Top For-Hire Carriers on this list are common and contract freight carriers operating in the United States, Canada and Mexico. Companies are ranked on the basis of annual revenue. To be included in the Top 100 or any of the sectors, please send contact information to tteditor@ttnews.com. We will contact you via phone or email to get information about your company prior to publication of the next Top 100 list.
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
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, 2026Current, 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, 2026Dart 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, 2026Ryder 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, 2026Transport 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, 2026Transportation 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, 2026Truck 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, 2025Market 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
