2023 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
Up Front

North America’s largest trucking companies continued growth in 2022 despite a weaker freight environment

Recruiting the truckers of tomorrow is a top priority for trucking companies preparing for years to come

Find out where the Top 100 For-Hire carriers are located by region; click links to view details about the company

Rankings
Rank This Year Rank Last Year Company Revenue (000) Net Income (000) Employees Tractors* Trailers
47 1,210,000 202,900 1,027 160 1,976
67 749,767 - 3,806 2,200 1,890
100 253,300 - 588 653 1,250
1 1 100,300,000 11,500,000 536,000 16,440 85,024
2 2 92,619,000 2,992,000 547,000 38,749 141,902
5 3 7,718,000 666,000 38,000 8,200 27,000
3 4 14,814,000 969,351 37,000 20,215 43,040
4 5 8,813,000 823,000 25,836 18,347 38,091
6 6 7,437,000 430,914 1,449 11,281 18,593
7 7 7,429,000 771,000 27,900 21,899 83,210
8 8 6,604,400 457,800 17,050 10,200 44,120
10 9 6,260,077 1,377,159 24,027 11,274 45,567
13 10 5,245,000 22,000 30,000 12,700 42,000
9 11 6,506,000 288,000 48,000 69,400 41,500
14 12 5,150,000 - 22,111 9,694 37,032
11 13 5,340,000 357,000 5,900 3,050 4,600
12 14 5,324,052 298,209 15,000 4,457 23,968
15 15 4,400,000 - 20,743 8,242 22,375
16 16 3,900,000 - 16,800 5,000 14,300
17 17 3,289,978 241,256 14,300 8,639 27,650
20 18 2,800,000 338,000 13,222 529 1,070
18 19 2,864,000
est
- 6,774 19,709
19 20 2,813,522 450,972 4,685 8,575 17,472
21 21 2,792,057 357,422 12,300 6,200 20,800
23 22 2,425,000
est
- 650 9,000 3,000
24 23 2,161,000 -42,000 9,397 7,200 14,400
22 24 2,480,512 - 10,000 7,320 12,700
26 25 2,000,000 - 6,224 4,788
25 26 2,015,456 - 10,000 4,260 3,945
35 27 1,662,000
est
-
27 27 1,973,000 193,000 4,155 916 6,726
28 29 1,837,665 - 6,500 3,996 5,544
30 30 1,794,300 - 2,413 2,631 6,941
31 31 1,773,000 50,000 4,123 4,982 10,723
29 32 1,834,641 - 9,309 5,255 15,774
36 33 1,600,000 - 795 150 5,237
39 34 1,510,000 - 8,964 3,289 9,854
32 35 1,741,123 - 8,694 3,075 8,440
33 36 1,710,000 - 3,600 3,950 6,400
38 37 1,525,000
est
- 6,500 5,000 13,000
34 38 1,680,306 - 5,500 3,792 10,566
41 39 1,300,000 - 2,519 1,088 3,348
46 40 1,216,858 108,682 4,985 2,368 5,074
44 40 1,236,000
est
- 2,953 11,877
43 42 1,251,872 - 1,175 3,337 2,911
40 43 1,397,609 - 2,797 1,890 150
51 44 1,102,000 - 4,070 3,245 9,000
50 45 1,107,974 145,023 5,300 3,550 9,200
53 46 1,064,200 13,400 840 1,638 3,562
42 47 1,263,878 110,354 4,575 3,660 5,753
48 48 1,142,000 - 3,500 5,900
55 49 1,012,000 - 5,583 3,300 3,900
60 50 948,670 - 5,315 1,611 4,131
57 51 984,000
est
- 1,600 2,600 7,500
37 52 1,536,895 121,906 4,459 2,167 6,333
49 53 1,109,156 - 4,406 2,577 9,300
52 54 1,069,554 142,500 5,500 3,261 8,200
62 55 910,000 184,500 3,350 2,275 3,850
64 56 802,000
est
- 1,837 1,978 2,110
63 57 853,000
est
25,000 2,069 2,157 6,548
61 58 947,000 91,000 3,395 2,451 7,784
65 59 774,000 - 3,500 2,519 3,402
56 60 1,004,000 - 5,838 2,261 5,223
54 61 1,014,000 - 746 1,016 1,626
68 62 727,612 - 2,527 2,569 7,426
66 63 768,000 - 3,977 1,528 3,036
45 64 1,219,000 - 2,624 3,152 5,250
70 65 635,000 - 266 2,093 2,093
58 66 968,000 137,000 4,710 5,946 18,551
71 67 626,000
est
- 1,681 3,250
74 68 596,000
est
- 1,806 5,066
77 69 525,000
est
- 11,396
73 70 606,744 - 2,933 2,166 5,820
75 71 579,000 - 2,000 1,286 1,284
59 72 950,000
est
- 3,000 2,702 5,019
72 73 622,328 - 2,897 1,756 6,311
69 74 715,000 - 2,094 1,640 3,764
76 75 566,000
est
- 3,098 4,252
83 76 437,035 - 1,684 1,621 3,125
79 79 461,256 - 2,173 1,645 2,763
88 79 386,000
est
-
87 80 389,000
est
-
89 81 377,600
est
- 2,051 7,140
90 82 365,000
est
- 1,206 649 3,500
81 83 439,000 - 1,485 576 1,147
86 84 393,000 - 1,225 675 1,400
84 85 425,000
est
- 1,213 983 5,689
82 86 438,305 - 1,698 1,456 2,281
91 88 360,848 3,583 930 616 1,089
95 89 333,000
est
- 1,150 4,000
92 90 356,000 - 1,170 995 1,920
80 91 452,201 - 260 550 650
96 92 328,129 - 1,300 1,200 4,600
78 93 510,000 - 450 1,500
94 94 338,000
est
- 1,700 777 2,487
97 95 316,800 - 1,200 1,897 5,487
93 96 340,886 - 509 757 3,400
99 97 265,000
est
- 1,545 1,170 3,500
85 98 404,080 18,789 596 1,096 1,719
98 100 301,328 - 1,260 900 3,200
Extras

A top industry concern for years, suitable parking spaces remain elusive for many truckers

102

On the Bubble

Market Express ($249 million), is a truckload carrier and intermodal shipper based in Portland, Ore.

The numerous, complex regulations faced by the trucking industry can be made simpler using new technology

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get web- and print-ready graphics

While mergers and acquisitions alter the business landscape, top for-hire carriers grew revenues across segments in 2022

Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list

For-Hire News
Government, Business, Technology, For-Hire

New SEC Rules Prompt Closer Look at Cybersecurity

Trucking businesses need to take a close look at the state of their cybersecur­ity in 2024 now that tough, new disclosure rules from the Securities and Exchange Commission have gone live.

Joe Dysart | Webology 101
February 23, 2024
Business, Equipment, For-Hire

Estes, Pitt Ohio Among Firms Filling Yellow Void in Buffalo

Yellow Corp.’s shutdown has opened the door for Estes Express Lines, Pitt Ohio and more to make greater inroads in the Buffalo, N.Y., Niagara region.

Matt Glynn | The Buffalo (N.Y.) News
February 20, 2024
Business, Technology, Logistics, For-Hire

Social Media Platforms Open Fleets to Newer Recruiting Pool

Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.

Amanda Smith | Special to Transport Topics
February 16, 2024
Government, Business, For-Hire

Knight-Swift Adds 10 More Leased Yellow Terminals to Haul

Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.

Keiron Greenhalgh | Staff Reporter
February 14, 2024
Business, Logistics, For-Hire

Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

Keiron Greenhalgh | Staff Reporter
February 14, 2024
Business, Logistics, For-Hire

XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says

Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.

Nina Trentmann | Bloomberg News
February 12, 2024
Business, For-Hire

TFI Eyes Merger for Truckload Operations as Part of Spinoff

TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.

Keiron Greenhalgh | Staff Reporter
February 9, 2024
Business, Logistics, For-Hire

TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll

Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.

Keiron Greenhalgh | Staff Reporter
February 9, 2024
Business, Logistics, For-Hire

Forward Air CEO Tom Schmitt Exits After Omni Deal Completion

Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.

Keiron Greenhalgh | Staff Reporter
February 8, 2024
Business, Technology, Logistics, Autonomous, For-Hire

Trucking Executives Cite Opportunities for AI Adoption

LAS VEGAS — Artificial intelligence promises to unlock greater efficiency in the freight transportation industry, but implementing AI functions is not without its challenges.

Seth Clevenger | Managing Editor, Features
February 8, 2024
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