2025 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front
Coming off yet another down year for freight in 2024, motor carriers now face an uncertain business environment.
Tariffs and shifting trade patterns have made business planning difficult for North American trucking companies.
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 Delivery
Top Air/Expedited Carriers
| Rank | Company | Revenue (000) |
|---|---|---|
| 1 | Forward Air | 1,115,163 |
| 2 | Covenant Logistics | 461,461 |
| 3 | ArcBest | 240,142 |
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
Young professionals joining the trucking industry are reshaping their workplaces, advocating for flexible work environments.
Carriers across various segments of the trucking industry navigated unfavorable business conditions in 2024.
Motor carriers are sharing knowledge and resources to better support military veteran employees.
If your company appears on the list, you have a few ways to announce it. Visit our logo library to get ready-made graphics.
Tariffs raised by the Trump administration create obstacles on the path to a market recovery, the study’s authors warned.
Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list.
For-Hire News
Elections change Congress, but they don’t change trucking’s priorities
Cargo theft does not have a party affiliation, notes ATA's Henry Hanscom. Neither do deteriorating roads and bridges, safety compliance or the shortage of truck parking.
November 4, 2026What the midterms could mean for trucking
The results of Election Day 2026 may completely change how transportation policy is decided.
November 3, 2026Schneider shifts eastern intermodal freight to Norfolk Southern
Schneider unveiled a deal making Norfolk Southern its primary eastern rail provider Oct. 29, demonstrating the size of the carrier’s intermodal ambitions.
November 3, 2026More states halt non-domiciled CDL programs
Louisiana and Wyoming have ceased issuing non-domiciled commercial driver licenses, while Ohio is ending its program and downgrading credentials.
November 2, 2026Heniff to develop Ohio terminal for Cargill
Heniff Transportation Systems will develop a sweetener transload facility in Ohio dedicated to serving Cargill and its customers, Heniff announced Nov. 2.
November 2, 2026Trucking awaits Congress’ next move on highway funds
The $36.8 billion funding lapse affects road, safety and bridge projects across the country as states and localities try to plan ahead.
November 2, 2026TFI’s Bédard bemoans ‘broken record’ of disappointment in LTL
Longtime Chairman and CEO Alain Bédard told analysts and investors during TFI’s third-quarter 2026 earnings call that the carrier plans to raid its peers for manager replacements.
November 2, 2026FedEx Freight goes hunting after initial consolidation
The company’s revenue was $2.442 billion in the three months that ended Sept. 30, an increase of 8.1% compared with $2.259 billion in the same period a year earlier.
October 30, 2026XPO’s higher Q3 volume, profit powered by SMB, grocery wins
Greenwich, Conn.-based XPO benefited from improved freight market conditions and customer service, the executives told analysts and investors.
October 30, 2026
