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, Top 100

Forward Air Completes Acquisition of Omni Logistics

Forward Air on Jan. 25 announced the completion of its long-pending acquisition of Omni Logistics, with both companies’ leaders touting the benefits of the merger.

Dan Ronan | Senior Reporter
January 31, 2024
Business, Logistics, For-Hire, Top 100

UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4

UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.

Dan Ronan | Senior Reporter
January 30, 2024
Business, Technology, Autonomous, For-Hire, Private

Kodiak Opens Truck Port at Ryder Facility in Houston

Kodiak Robotics opened a second truck port for its autonomous semis at a Ryder System Inc. fleet maintenance facility in Houston, the companies said Jan. 23.

Keiron Greenhalgh | Staff Reporter
January 25, 2024
Business, For-Hire, Top 100

Knight-Swift Reports 11% Revenue Increase for Q4

Knight-Swift Transportation Holdings profits dropped during the fourth quarter but the carrier experienced an increase in revenue, the company reported Jan. 24.

Connor D. Wolf | Staff Reporter
January 25, 2024
Business, Logistics, For-Hire

Forward Air Reaches Deal With Omni Logistics on Acquisition

Forward Air Corp. and Omni Logistics have settled litigation surrounding a planned merger that allows a deal to proceed under amended terms, the companies announced Jan. 22.

Connor D. Wolf | Staff Reporter
January 22, 2024
Business, Logistics, For-Hire

J.B. Hunt Reports Revenue Declined to $3.3 Billion for Q4

J.B. Hunt Transport Services Inc. reported a decline in fourth-quarter earnings as a result of weaker performance across its segments and rising insurance costs, the company reported Jan. 18. 

Connor D. Wolf | Staff Reporter
January 19, 2024
Business, Logistics, For-Hire

Industry Takes Fresh Look at Reverse Logistics

Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, and one of the most complicated. 

Hilary Daninhirsch | Special to Transport Topics
January 10, 2024
Business, Logistics, Breaking News, For-Hire

TFI to Buy Daseke for $1.1 Billion

TFI International Inc., a Canadian carrier that has been growing through acquisitions, announced plans to purchase flatbed specialist Daseke Inc. for $1.1 billion, including debt.

Thomas Black | Bloomberg News
December 22, 2023
Business, Logistics, For-Hire

Hub Group Buys Forward Air Final-Mile Unit for $262 Million

Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.

Keiron Greenhalgh | Staff Reporter
December 21, 2023
Business, Technology, For-Hire

Acceptance Grows for Driver-Assistance Technology

Drivers have had to grow accustomed to driver-assistance technologies such as the lane-assist function as fleets adopt the features for safety and legal reasons. 

Steve Brawner | Contributing Writer
December 15, 2023
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