2021 Top Refrigerated (Truckload and LTL) Carriers

2021 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America
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Up Front
After navigating COVID-19's disruption, trucking now has entered a historically strong business environment.
Find out where the Top 100 are located by North American region.
Small carriers often were hardest hit by COVID, but large fleets faced challenges, too.

Top Refrigerated (Truckload & LTL) Carriers

Rank Company Sector Revenue (000)sort descending
1 TWT Refrigerated 18,000
2 May Trucking 26,304
est
3 Cowan Systems 26,933
4 PS Logistics 27,000
5 Halvor Lines 28,100
est
6 Challenger Motor Freight 34,500
7 Highlight Motor Group 36,380
8 CRST The Transportation Solution 44,417
9 Roehl Refrigerated Transport 59,078
est
10 Great Plains Transport 64,249
11 Bison Transport 74,851
12 Raider Express 80,000
13 Wilson Logistics 82,000
14 Canada Cartage 94,219
15 Continental Express 95,000
16 Soar Transport 103,006
17 Cardinal Logistics 109,900
18 A&A Express 110,000
19 WEL Cos. 124,252
20 National Carriers 125,800
21 NFI 130,000
22 Pride Transport 134,000
23 Day & Ross 139,339
24 Bay & Bay Transportation 150,752
est
25 Navajo Express 243,000
est
26 Penske Logistics 280,500
est
27 TransAm Trucking 297,000
est
28 John Christner Trucking 338,873
est
29 Marten Transport 379,148
30 Hirschbach Motor Lines 423,222
31 Stevens Transport 688,000
est
32 Swift Refrigerated 755,000
est
33 C.R. England 897,868
est
34 KLLM Transport Services 917,000
35 Prime Inc. 1,932,669
About the Rankings...
Extras
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102

On the Bubble

Diligent Delivery Systems ($238 million), is a full-service carrier based in Houston.
Learn more about Transport Topics' Top 100 For-Hire Carriers publication.
How companies are working to address the persistent driver shortage.
A look at how different segments of the trucking industry fared in 2020.
Some U.S. truckers are busier than they have ever been.
Top 100 News
Business, Logistics, Top 100

USA Truck Grabs Profit on Revenue Rise

USA Truck

USA Truck reported first-quarter 2018 net income of $1 million, or 13 cents per share, compared with a net loss of $4.9 million, or minus 61 cents a share, in the first quarter of 2017.

Burney Simpson | Staff Reporter
April 26, 2018
Business, Top 100, Top 50

Hub Group Reports Higher Revenue, Profits in 1Q

Hub Group

Hub Group reported higher revenue and profits in the first quarter of 2018 with growth coming from intermodal, logistics and dedicated contract carriage operations.

Daniel P. Bearth | Staff Writer
April 26, 2018
Business, Logistics, Top 100, Top 50

Universal Logistics Buoyed by Record Revenue, Strong Profits

Universal Logistics Holdings

Universal Logistics Holdings reported first-quarter net income of $10.4 million, or 37 cents per share, a rise of 147% from $4.3 million reported for the first quarter a year ago.

Burney Simpson | Staff Reporter
April 26, 2018
Business, Logistics, Top 100, Top 50

UPS Delivers 1Q Net Income of $1.34 Billion, Up 15% Year-to-Year

UPS truck

UPS Inc. reported double-digit gains in the first quarter as a result of the strength of its global business as well as economic conditions.

Dan Ronan | Associate News Editor
April 26, 2018
Business, Top 100

TFI International Sees Earnings Increase, Revenue Stay Flat in 1Q

TST Overland Express truck

Canadian transportation conglomerate TFI International reported a sharp increase in profits on revenue that was essentially flat in the first quarter of 2018.

Daniel P. Bearth | Staff Writer
April 25, 2018
Business, Top 100

Knight-Swift Reports ‘Progress’ With Merger, Sees Challenges in Getting Enough Drivers

Knight and Swift trucks

The holding company for Knight Transportation and Swift Transportation reported results for the first quarter of 2018 that reflect “progress” in achieving cost savings for the combined enterprise but also difficulty in finding enough drivers to meet increasing demand for service.

Daniel P. Bearth | Staff Writer
April 25, 2018
Business, Top 100

Landstar System Posts Record First Quarter

Landstar truck

Landstar System reported its best first quarter with revenue jumping 34.2% to $1.05 billion and profits reaching a record $57.5 million, or $1.37 a share, as demand for freight hauling continued to strain truck capacity in the market.

Daniel P. Bearth | Staff Writer
April 25, 2018
Business, Top 100

Forward Air First-Quarter Results Better Than Expected

Forward Air on the road

Forward Air Corp. reported better-than-expected results in the first quarter as strong demand and tight truckload capacity boosted expedited less-than-truckload shipping and intermodal services.

Daniel P. Bearth | Staff Writer
April 25, 2018
Business, Top 100

Heartland Express Posts Mixed Results in 1Q

Heartland Express Truck

Heartland Express reported first-quarter net income of $13.4 million, or 16 cents earnings per share. In comparison, first-quarter 2017 net income was $14 million, or 17 cents per share. Analysts had predicted earnings per share of 11 cents.

Burney Simpson | Staff Reporter
April 25, 2018
Business, Top 100

Covenant Reports Solid First-Quarter Revenue, Income

Covenant truck on the road

Covenant Transportation Group reported first-quarter net income of $4.4 million, or 24 cents per share, compared with a net loss of $39,000 in the same period of 2017.

Burney Simpson | Staff Reporter
April 24, 2018

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