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2024 Top Air/Expedited Carriers

2024 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America

Up Front

Soft market conditions in 2023 placed financial strain on many of the largest trucking companies in North America.

Trucking companies have been surviving on lower rates while awaiting a freight market recovery.

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

Rankings

Rank Company Revenue (000)
1 Forward Air 1,096,958
2 Covenant Logistics Group 423,820
3 ArcBest 280,239

Extras

The regional LTL carrier has adapted and expanded through a full century of economic cycles and industry changes.

The trucking industry remains mired in sustained overcapacity relative to freight demand even as it has slowly shed workers.

After being displaced by war in his native Sudan, Lual Akoon’s path took him to Middle America – and trucking.

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For-hire carriers across segments saw revenues slide and margins tighten, but some fared better than others.

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

For-Hire News

BusinessTechnologyLogisticsFor-HireGlobal FreightTop 100Top 50

UPS Purchases 400 Robots to Unload Trucks in Automation Push

UPS will invest $120 million in 400 robots used to unload trucks, according to sources, revealing new details on the logistics giant’s $9 billion automation plan that aims to boost profit.

December 15, 2025
BusinessTechnologyLogisticsFor-HireTop 100

Brad Jacobs to Step Down as Chairman of XPO and GXO

Brad Jacobs joined XPO in 2011 and built it into one of North America’s largest transportation companies before spinning off GXO in 2021 and RXO in 2022.

December 15, 2025
GovernmentSafetyFor-HireTop 100TCA

Texas Jury Awards $44M to Family of Man Killed in Semi Crash

A Dallas County jury last week awarded $44 million in damages to the family of a man killed when his truck was rear-ended by an 18-wheeler during the 2021 winter ice storm in Texas.

December 15, 2025
GovernmentBusinessLogisticsFor-Hire

US 91Ƶbuilder Confidence Hits 8-Month High

Mortgage rates have been hovering in the 6.3%-6.4% range the past couple months, near their one-year lows, which has marginally helped to move some buyers off the sidelines.

December 15, 2025
BusinessEquipmentLogisticsFor-HireTop 100

Ryder Outlines 2026 Succession Plan for New CEO

“I’ve had the privilege of working alongside the most talented and dedicated professionals in our industry to deliver for our employees, customers and shareholders,” CEO Robert Sanchez said.

December 12, 2025
GovernmentBusinessLogisticsFor-Hire

Industry Reacts to English-Language Enforcement Crackdown

The language crackdown is part of a broader Trump administration campaign that’s upending the trucking industry, a critical pillar of the U.S. economy.

December 10, 2025
BusinessEquipmentLogisticsFor-Hire

Enterprise Buys Hogan to Enter Heavy-Duty Truck Sector

Best known for its Enterprise Rent-A-Car, National Car Rental and Alamo passenger car rental and leasing brands, Enterprise already offered light- and medium-duty truck rental.

December 9, 2025
BusinessEquipmentLogisticsFor-HireTop 100

10 Roads Express to Shut Down After Losing USPS Business

The Carter Lake, Iowa-based contract carrier cited headwinds hindering the overall transportation sector and the loss of USPS, whose contract accounted for 70% of the company’s revenue.

December 3, 2025
BusinessFor-HireTCA

ODFL Sells 2 North Carolina Properties for $9.65 Million

ODFL declined to comment on the sale, including whether it is a sale-leaseback transaction. The 10.67-acre properties are in Thomasville Business Park.

December 2, 2025
BusinessLogisticsFor-HireGlobal FreightTop 100

FedEx to Slash 856 Texas Jobs After Customer Moves Business

FedEx plans to cut hundreds of jobs in Texas after a third-party logistics customer opted to move its business to a new location and a different company.

November 26, 2025

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