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- The Top 10 Largest Trucking Companies of 2023 By Revenue
The Top 10 Largest Trucking Companies of 2023 By Revenue
Rank
Company
Revenue (000)
Net Income (000)
Employees
Tractors
Trailers
1
UPS Inc.
100,300,000
11,500,000
536,000
16,440
85,024
2
FedEx Corp.
92,619,000
2,992,000
547,000
38,749
141,902
3
J.B. Hunt Transport Services
14,814,000
969,351
37,000
20,215
43,040
4
TFI International
8,813,000
823,000
25,836
18,347
38,091
5
XPO
7,718,000
666,000
38,000
8,200
27,000
6
Landstar System
7,437,000
430,914
1,449
11,281
18,593
7
Knight-Swift Transportation Holdings
7,429,000
771,000
27,900
21,899
83,210
8
Schneider
6,604,400
457,800
17,050
10,200
44,120
9
Ryder Supply Chain Solutions
6,506,000
288,000
48,000
69,400
41,500
10
Old Dominion Freight Line
6,260,077
1,377,159
24,027
11,274
45,567
Top Performers
In the list of top 100 for-hire trucking companies for the year 2023, UPS Inc. holds the top position with a staggering revenue of $100.3 billion, followed by FedEx Corp. with revenue at $92.61 billion. However, FedEx surpasses UPS in terms of employees, counting 547,000 compared to UPS's 536,000.
Earnings and Growth
Regarding net income, Old Dominion Freight Line takes the third position with a net income of $1.37 billion, closely following UPS and FedEx. Among the top ten companies, TFI International showed significant growth, jumping from the fifth to fourth position. On the other hand, XPO dropped two spots from third to fifth position compared to the previous year.
New Entries and Dropouts
While UPS, FedEx, J.B. Hunt, TFI International, and XPO retained their positions within the top five, there were notable changes in the bottom half of the list. Several companies, such as ITS Logistics, RoadOne IntermodaLogistics, and National Carriers, joined the top 100 list, whereas some dropped out of the list.
Source: Transport Topics
The 100 List:
UPS Inc.
FedEx Corp.
J.B. Hunt Transport Services
TFI International
XPO
Landstar System
Knight-Swift Transportation Holdings
Schneider
Ryder Supply Chain Solutions
Old Dominion Freight Line
Hub Group
ArcBest
Yellow Corp.
Estes Express Lines
Penske Logistics
NFI
Werner Enterprises
R+L Carriers
Prime Inc.
Purolator
Saia Inc.
Kenan Advantage Group
Evans Delivery
U.S. Xpress Enterprises
Universal Logistics Holdings
CRST The Transportation Solution
Forward Air
C.R. England
Averitt Express
Anderson Trucking Service
Daseke Inc.
Southeastern Freight Lines
PS Logistics
Ruan
OnTrac Inc.
UniGroup
Mullen Group
Crete Carrier Corp.
Day & Ross
IMC Cos.
Lynden
Marten Transport
Bennett International Group
Central Transport International
Hirschbach Motor Lines
Covenant Logistics Group
ITS Logistics
KLLM Transport Services
Bison Transport
Western Express
Cardinal Logistics
AAA Cooper Transportation
Atlas World Group
R&R Express
10 Roads Express
Dayton Freight Lines
Quality Carriers
Heartland Express
Fastfrate Group
Pitt Ohio Transportation Group
P.A.M. Transport
Stevens Transport
USA Truck (DB Schenker)
United Road Services
Canada Cartage System
A. Duie Pyle Inc.
RoadOne IntermodaLogistics
Cowan Systems
Quantix Supply Chain Solutions
Mercer Transportation Co.
Trimac Transportation
Mesilla Valley Transportation
Roehl Transport
Heniff Transportation Systems
Jack Cooper Holdings
TMC Transportation
Two Men and a Truck Movers
ContainerPort Group
Maverick USA
Beemac Trucking
Dependable Supply Chain Services
Melton Truck Lines
Foodliner/Quest Liner
Koch Cos.
PGT Trucking
Dupré Logistics
Daylight Transport
Roadrunner Freight
Dart Transit Co.
Red Classic
Leonard's Express
Trans-System Inc.
Artur Express
Oak Harbor Freight Lines
Western Flyer Express
New Legend Inc.
Transervice Logistics
Paper Transport
Paschall Truck Lines
National Carriers
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