2020 Top Air/Expedited Carriers

2020 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
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Up Front
Fleets have been overcoming unprecedented challenges to keep essential freight moving during the pandemic.
See the locations of the headquarters for each of the Top 100 for-hire carriers in North America.
COVID-19 has transformed 2020 into a tumultuous year for trucking, but the Top 100 list remains stable, at least for now.

Top Air/Expedited Carriers

Rank Company Sector Revenue (000)sort ascending
1 Forward Air 804,100
2 Active Aero Group 672,965
est
3 XPO Logistics 477,300
4 ArcBest (Panther) 252,000
5 Landstar System 121,485
6 LoadOne 108,000
est
7 Magnate Worldwide 73,000
8 Averitt Express 12,236
est
About the Rankings...
Extras
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104

On the Bubble

Cassens Transport Co. ($251 million), is a motor vehicle hauling carrier based in Edwardsville, Ill.
Learn more about Transport Topics' Top 100 For-Hire Companies publication.
COVID-19 has created significant financial challenges for many trucking and logistics companies.
Fleets are emphasizing cleaning and physical distancing at loading docks to help protect drivers from COVID-19.
Drivers have been more isolated than usual during the pandemic due to social distancing measures.
Market uncertainty due to COVID-19 has depressed demand for new trucking equipment.
Small trucking companies such as Boyle Transportation are playing a direct role in the response to COVID-19.
Industry experts explain how this public health crisis might change freight transportation in the years ahead.
Top 100 News
Top 100

Knight-Swift Reports Profit, Revenue Rise in First Quarter

Knight-Swift trucks

Knight-Swift Transportation Holdings Inc. saw year-over-year improvements for earnings and revenue and during the first quarter, the truckload carrier reported April 21.

Connor D. Wolf | Staff Reporter
April 21, 2021
Business, Technology, Equipment, Safety, Top 100

TMC Study Group Offers Guidance to Help Fleets Maintain Clean Vehicles

Trucker cleans cab

A Technology & Maintenance Council study group presented best practices to fleets and transportation companies for ramping up cleaning to prevent the spread of COVID-19.

Eleanor Lamb | Staff Reporter
April 20, 2021
Business, Technology, Top 100, TCA

FedEx Close to a Deal to Lease Site North of Seattle

FedEx

Boeing is close to finalizing a deal to transfer the lease of its Dreamlifter Operations Center at Paine Field in Everett, Wash., to air cargo carrier FedEx Corp., according to a document reviewed by the Seattle Times that outlines terms of the discussion.

Dominic Gates | The Seattle Times
April 20, 2021
Business, Equipment, Top 100

Mullen Group to Acquire Bandstra Group

Mullen Group truck

Mullen Group on April 16 signed a definitive share purchase agreement to acquire the Bandstra Group of Cos.

April 20, 2021
Business, Logistics, Top 100

J.B. Hunt Reports Q1 Revenue Increased to $2.6B

J.B. Hunt truck on highway

J.B. Hunt Transport Services saw revenue and earnings increase due to strong segment growth during the first quarter of 2021, the company reported April 15.

Connor D. Wolf | Staff Reporter
April 16, 2021
Government, Business, Technology, Top 100

TT Wins Five Regional ‘Azbee’ Awards

Screenshots of TT's gold-winning Wheels of Justice series and Top 100 For-Hire Carriers supplement

The American Society of Business Publication Editors has recognized Transport Topics’ 2020 coverage of the trucking industry with five regional “Azbee” awards.

April 12, 2021
Business, Logistics, Top 100, TCA

Covenant Realigns Top Management

Covenant truck

Covenant Transportation Group Inc. is realigning its senior management team at its Chattanooga, Tenn., headquarters three years after making its biggest purchase in the company’s 35-year history.

April 12, 2021
Business, Technology, Logistics, Autonomous, Top 100, TCA

UPS Orders Electric Aircraft to Transport Cargo Between Facilities

An artist rendering of a UPS electric Vertical Takeoff and Landing aircraft.

UPS Inc. is ordering 10 electric aircraft that are designed to take off and land like a helicopter, allowing it to fly cargo directly between its facilities in small markets and bypass airports.

Kelly Yamanouchi | The Atlanta Journal-Constitution
April 7, 2021
Business, Logistics, Top 100

Does Your Business Belong on Our List of Top 100 For-Hire Companies?

2021 Top 100 For-Hire Carriers badge.

Think your company deserves a spot on our prestigious 2021 For-Hire Carriers rankings? Take our survey to submit your data before time runs out.

April 6, 2021
Business, Technology, Logistics, Top 100

Roadrunner Takes Major Steps in Transformation Plans

Roadrunner

Roadrunner Freight took another step in its ongoing transformation with a March 25 announcement of a $50 million equity private placement and additions to its leadership team.

Connor D. Wolf | Staff Reporter
March 30, 2021

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