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2022 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America

Up Front

2022 Top 100 For-Hire Carriers List Illustrates Growth of Large Fleets

For-hire motor carriers achieved significant revenue gains and higher profits last year, powered by surging freight demand.

How the Pandemic Accelerated Change for Motor Carriers

The pandemic accelerated driver wages, shortened routes to match shopping patterns and increased automation across the supply chain.

Map: Where They Are

Find out where the Top 100 For-Hire Carriers are based.

Rankings

Rank This Year Rank Last Year Company Revenue (000) Net Income (000) Employees Tractors* Trailers
1 1 97,300,000 12,900,000 534,000 15,554 85,398
2 2 91,683,000 6,118,000 577,000 37,488 136,947
3 3 12,800,000 323,000 42,000 7,900 25,800
4 4 12,168,000 760,800 34,978 18,617 39,994
5 5 7,220,000 664,000 29,539 22,812 50,091
6 9 6,538,000 721,000 1,399 11,864 18,307
7 6 6,000,000 966,000 27,900 21,351 75,019
8 7 5,600,000 405,000 16,050 11,300 36,700
9 10 5,256,000 1,034,000 24,372 10,403 41,220
10 8 5,122,000 104,000 32,000 14,200 42,000
11 11 4,612,000 166,000 41,900 70,700 43,500
12 12 4,447,000 - 21,700 8,500 34,000
13 13 4,232,000 171,000 5,000 3,600 6,100
14 15 3,980,000 214,000 14,000 4,360 23,438
15 14 3,700,000 - 19,994 5,583 13,771
16 16 3,100,000 - 15,500 4,600 13,000
17 17 2,734,000 259,000 13,525 8,775 27,225
18 22 2,600,000 293,000 13,533 522 2,005
19 19 2,427,000
est
 - 6,774 19,709
20 18 2,408,000 351,000 4,411 7,601 14,700
21 20 2,300,000 335,000 12,000 5,600 19,300
22 27 2,050,000 - 650 9,000 3,000
23 21 1,949,000 11,000 8,689 6,400 13,600
24 23 1,904,000
est
 - 9,311 7,121 12,235
25 24 1,800,000 - 6,536 4,894 14,289
26 29 1,751,000 - 8,000 4,066 3,800
27 33 1,662,000 116,000 4,327 865 6,370
27 47 1,662,000
est
 - 0
29 25 1,644,000 - 6,588 3,833 5,897
30 32 1,567,000 - 2,325 2,588 7,082
31 26 1,557,000 56,000 4,006 4,697 11,266
32 36 1,532,000 - 9,000 5,090 15,071
33 30 1,499,000 - 835 2,889 4,767
34 31 1,489,000 - 8,400 4,600 9,150
35 34 1,476,000 - 8,490 2,788 8,060
36 40 1,375,000 - 3,100 3,625 5,700
37 37 1,304,000 - 6,500 5,000 13,000
38 35 1,227,820 - 5,500 3,475 8,210
39 39 1,080,000 - 2,472 880 2,430
40 46 1,046,000 - 5,600 2,563 5,213
40 43 1,046,000
est
 - 2,953 11,877
42 54 998,000 - 1,114 2,726 1,865
43 72 983,000 - 2,371 1,700 150
44 45 981,000 - 4,200 3,025 8,000
45 51 977,000 - 4,400 3,150 8,400
46 49 974,000 17,000 655 1,653 3,615
46 42 974,000 85,000 4,007 3,204 5,299
48 41 953,000 - 3,200 6,100
49 44 917,000 - 5,052 5,287
50 48 900,000 - 5,087 1,565 3,995
51 38 850,000 - 1,600 2,600 7,500
52 60 838,000 - 4,622 2,241 6,151
53 57 778,000 - 3,732 2,115 6,057
54 53 776,000 - 5,000 2,650
55 58 745,000 129,000 2,900 2,050 3,600
56 52 713,000
est
 - 1,837 1,978 2,110
57 65 710,000 25,000 2,069 2,157 6,548
58 71 707,100 76,500 2,510 1,970 6,859
59 59 701,000 - 4,332 2,880 2,700
60 55 684,000 145,000 5,593 1,813 4,970
61 83 680,000 - 397 504 642
62 63 655,000 - 2,301 2,346 7,487
63 69 628,000 - 3,734 1,444 2,962
64 66 626,000 - 1,990 2,299 3,861
65 70 614,000 - 247 2,180 2,180
66 56 607,000 79,000 3,180 3,193 10,741
67 61 600,000
est
 - 1,681 3,250
68 64 562,000
est
 - 1,806 5,066
69 67 525,000
est
 - 11,396 0
70 73 521,000 - 2,968 2,074 5,883
71 68 507,000
est
 - 3,753 1,286 1,284
72 77 500,000 - 3,000 1,152 1,644
73 78 494,000 - 2,616 1,796 6,000
74 87 454,000 -72,000 1,850 1,632 3,594
75 74 450,000
est
 - 3,098 4,252
76 76 437,000 - 1,562 1,608 2,914
77 75 430,000
est
 - 0
78 82 402,000 - 1,200 1,545 3,380
79 79 398,000 - 1,977 1,458 2,671
80 94 380,000 - 0
81 80 377,600
est
 - 2,051 7,140
82 85 365,000 - 1,206 649 3,500
83 363,000 - 1,965 462 1,167
84 90 360,000 188,000 1,260 750 2,000
85 86 359,000 - 1,213 983 5,689
86 92 338,000 - 1,611 1,233 2,191
87 84 334,000 17,000 315 754 1,236
88 327,000 - 700 582 1,000
89 320,000 - 1,150 4,000
90 95 315,000 - 990 940 1,886
91 301,000 - 130 525 610
92 294,000 37,000 1,400 1,000 4,600
93 81 287,000 - 363 1,296 16
94 284,000
est
 - 1,700 777 2,487
95 278,300 - 1,200 366 2,181
96 272,000 - 471 776 3,047
97 265,000 - 1,545 1,170 3,500
98 99 253,700 - 695 1,138 1,825
99 100 246,000
est
 - 1,136 816 2,250
100 244,000 - 1,100 850 3,200
About the Rankings...

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 e-mail to get information about your company prior to publication of the next Top 100 list.

Revenues for the following carriers are estimated by SJ Consulting Group: R+L Carriers, LaserShip/OnTrac, Crete Carrier Corp., Central Transport International, Oak Harbor Freight Lines.

FedEx Corp. revenue is for 12-month period ended Feb. 28, 2022.
Ruan revenue is for 2020.
10 Roads Express revenue is estimated by Culhane Meadows Pllc.
United Road Services revenue is for 2019.
Trimac revenue is for 2020.
Heniff Transportation Systems revenue is estimated for 2020.
Two Men and a Truck revenue is for 2019.
Jack Cooper Holdings revenue is estimated by SJ Consulting Group for 2019.
TMC Transportation revenue is for 2019.
Roadrunner Freight revenue is for 2019.
Dart Transit Co. revenue is estimated by SJ Consulting Group for 2020.
PGT Trucking revenue is for 2020.
Smith Transport revenue is for 2020.

* Tractor count includes company-owned, lease-to-own and owner-operator tractors.

Extras

Shippers Turn to Trucking for Carbon Reduction Assistance

Many large shippers are asking motor carriers to raise the issue of environmental sustainability and carbon emission reductions.

Top 100 For-Hire Carriers Press Release & Logo

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.

About Us: Transport Topics Top 100 For-Hire Carriers

Learn more about Transport Topics’ Top 100 For-Hire Carriers publication.

For-Hire News

Business, Equipment, For-Hire

Schneider Reports $1.75 Billion Revenue for Q2

Schneider National posted increases in revenue and earnings during the second quarter of 2022, the company reported July 28.

Connor D. Wolf | Staff Reporter
July 28, 2022
Business, Logistics, For-Hire, Top 100

Forward Air Reports Record-Setting Quarter for Q2

Forward Air Corp. on July 27 reported all-time quarterly records for revenue, income from operations and net income per diluted share for the second quarter.

Connor D. Wolf | Staff Reporter
July 28, 2022
Business, Logistics, For-Hire, Top 100

ODFL Reports Profit, Revenue Records for Second Quarter

Old Dominion Freight Line set records for revenue and profitability during the second quarter of 2022, the company reported July 27.

Connor D. Wolf | Staff Reporter
July 27, 2022
Business, Equipment, Logistics, For-Hire

Used Class 8 Prices Continue Slide in June, but Remain High

The average retail price of a used Class 8 fell for the third consecutive month in June, ACT Research reported, calling the trend a significant downturn even as the average retail price remained above $90,000.

Roger Gilroy | Senior Reporter
July 27, 2022
Business, Logistics, For-Hire

UPS Beats Q2 Estimates, but Delivery Volume Drops More Than Expected

UPS Inc. posted better-than-expected second-quarter earnings July 26, thanks in part to a big leap in the price of domestic parcel revenues during the three-month period that ended June 30.

Dan Ronan | Senior Reporter
July 26, 2022
Business, For-Hire

Covenant Logistics Reaches $317M Revenue by Overcoming Q2 Headwinds

Covenant Logistics Group Inc. reported second-quarter revenue and earnings growth July 25, despite market headwinds.

Connor D. Wolf | Staff Reporter
July 26, 2022
Business, Technology, Autonomous, For-Hire

10 Roads Express Launches Autonomous Route Using Kodiak Tech

The 10 Roads Express company launched an autonomous truck route in partnership with Kodiak Robotics, a driverless trucking company, they announced July 26.

Connor D. Wolf | Staff Reporter
July 26, 2022
Business, For-Hire

FedEx Reduces US Sunday Deliveries in Some Rural Areas

FedEx Corp. plans to scale back Sunday delivery service in far-flung areas of the U.S., the latest evidence that the e-commerce surge spurred by COVID-19 is ending.

Thomas Black | Bloomberg News
July 22, 2022
Business, Logistics, For-Hire, Top 100

Knight-Swift Posts Higher Earnings, Revenue for Q2

Knight-Swift Transportation Holdings Inc. experienced revenue and earnings growth during the second quarter, the company reported July 20.

Connor D. Wolf | Staff Reporter
July 21, 2022
Business, Technology, Logistics, For-Hire

J.B. Hunt Names Shelley Simpson Company President

J.B. Hunt Transport Services Inc. appointed Shelley Simpson president — the first woman to serve in that role.

Connor D. Wolf | Staff Reporter
July 20, 2022

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