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 252,000
5 Landstar System 121,485
6 LoadOne 108,000
est
7 Magnate Worldwide 73,000
8 Averitt Express 12,236
est
9 Sameday Worldwide 9,046
About the Rankings...
Extras
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108

On the Bubble

Navajo Express ($243 million), is a refrigerated and truckload carrier based in Denver.
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
Business, Logistics, Top 100

Walmart’s Slowing E-Commerce, Margin Weigh in Q2

Walmart

Walmart Inc.’s pandemic-driven gains in e-commerce slowed last quarter and profit margin fell, raising questions about the retailer’s ability to maintain momentum even after it topped Wall Street’s sales expectations.

Matt Townsend | Bloomberg News
August 17, 2021
Business, Technology, Equipment, Top 100

Xos to Supply FedEx Ground With 120 Medium-Duty EVs

Xos truck

Xos Inc., a manufacturer of Classes 5-8 electric commercial vehicles, announced an agreement to deliver 120 zero-emission, medium-duty electric trucks to 35 different FedEx Ground operators in five states.

August 9, 2021
Business, Equipment, Top 100

Class 8 Orders Steady in July

Kenworth T680

Class 8 orders poked along in July at about 25,000, ACT Research reported as order boards appear full for the remainder of this year.

Roger Gilroy | Senior Reporter
August 5, 2021
Business, Logistics, Top 100

Yellow Narrows Year-Over-Year Loss to $9.4 Million in Q2

Yellow Corp. truck

Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter.

Dan Ronan | Associate News Editor
August 5, 2021
Business, Equipment, Top 100

Daseke Reports Higher Profit, Revenue for Q2

Bulldog Hiway Express trucks in Charleston, S,C.

Daseke Inc. saw earnings and revenue increase during the second quarter, the company reported Aug. 3.

Connor D. Wolf | Staff Reporter
August 3, 2021
Business, Logistics, Top 100

ArcBest Posts Record Revenue, Profits

ABF Freight truck

ArcBest Corp. capitalized on tight capacity in the freight market to post large second-quarter gains in profit and revenue.

Jerry Hirsch | Contributing Writer
August 2, 2021
Business, Top 100

Driver Shortage Has Trucking Companies Looking Abroad

A haulage truck drives along a highway in Budapest, Hungary.

A shortage of truckers across the U.S. has become so severe that companies are trying to bring in drivers from abroad like seemingly never before.

Ari Hawkins | Bloomberg News
August 2, 2021
Business, Logistics, Top 50, Top 100

XPO Logistics Spinoff GXO Officially Goes Public

GXO

XPO Logistics Inc.'s completion of its spinoff of GXO Logistics Inc. as a publicly traded pure-play contract logistics provider culminated with GXO officials ringing the New York Stock Exchange opening bell Aug. 2.

Connor D. Wolf and Dan Ronan | Staff Reporters
August 2, 2021
Business, Top 100

Forward Air Reports Q2 Set Highest Quarterly Revenue Mark

Forward Air

Forward Air Corp. reported July 29 its second quarter set records for revenue and operating income.

Connor D. Wolf | Staff Reporter
July 30, 2021
Business, Logistics, Top 100

Hub Group Posts Q2 Profit, Revenue Gains

Hub Group electric truck

Hub Group Inc. reported strong growth in second-quarter profits and revenue as it benefited from the robust rebound in the U.S. freight market.

Jerry Hirsch | Contributing Writer
July 30, 2021

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