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 FedEx Corp. 2,170,800
2 10 Roads Express 917,100
3 UPS Inc. 290,800
4 Victory Packaging 262,700
5 XPO 202,200
6 United Airlines 197,200
7 Postal Fleet Services 196,700
8 Matheson Trucking 194,600
9 Kalitta Air 176,400
10 Evo Transportation & Energy Services 164,200
11 Midwest Transport 132,300
12 Southern Mail Service 131,100
13 McCormick Trucking 115,600
14 Delta Air Lines 90,800
15 Amerijet International 90,700
16 Bancroft and Sons Transportation 78,400
17 Alan Ritchey Inc. 72,900
18 American Airlines 72,200
19 EVE International Logistics 71,600
20 Davenport Transportation 68,000
21 Alaska Central Express 61,700
22 AJR Trucking 54,500
23 B&B Trucking 52,300
24 Beco Inc. 51,500
25 Sodrel Truck Lines 47,700
26 Alaska Air Group 44,900
27 Lyons Express 42,000
28 Atlas World Group 31,300
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, Logistics, For-Hire

FedEx Implementing Ranking System for Delivery Contractors

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

Thomas Black | Bloomberg News
January 31, 2023
Business, For-Hire

Covenant Sees Year-End Slowdown

Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.

Connor D. Wolf | Staff Reporter
January 26, 2023
Business, Logistics, For-Hire

Marten Transport Reports 16th Consecutive Profitable Quarter

Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.

Connor D. Wolf | Staff Reporter
January 25, 2023
Business, Technology, Equipment, Autonomous, For-Hire

Former USA Truck CEO James Reed Joins Kodiak

Former USA Truck CEO James Reed has joined autonomous truck technology company Kodiak Robotics, the company announced Jan. 19.

January 23, 2023
Business, Equipment, For-Hire

Wabash Inks Long-Term Agreements With Key Carrier, Supplier

Wabash announced two long-term agreements, one with a carrier to create an extended backlog and one with a supplier to enhance supply surety.

Roger Gilroy | Senior Reporter
January 20, 2023
Business, Logistics, For-Hire

Roadrunner Notches Gains in Transit Times

Roadrunner implemented another round of transit time improvements across its network as part of an ongoing, multiyear process to improve business operations, the company announced Jan. 5

Connor D. Wolf | Staff Reporter
January 9, 2023
Business, For-Hire, Global Freight

FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments

FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.

Dan Ronan | Senior Reporter
December 21, 2022
Business, Logistics, For-Hire

Ryder Plans New Multiclient Distribution Center Near Chicago

Ryder System Inc. will open its 10th multiclient distribution center in the greater Chicago area, the company announced Dec. 14.

December 16, 2022
Business, Technology, Equipment, Fuel, For-Hire, Private

Last-Mile Focuses on Sustainable Shipping

The trucking industry has increased its focus on sustainability this year, mostly geared toward last-mile operations.

December 8, 2022
Business, Logistics, For-Hire

Daseke Founder Sells Shares Amid Board Retirement

Daseke Inc. founder Don Daseke will sell his holdings in the company and step down from its board of directors, the company announced Nov. 14.

Connor D. Wolf | Staff Reporter
November 15, 2022
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