The trucking industry is a critical component of the American economy, responsible for transporting goods and products across the country. As of 2023, the industry continues to grow even though the markets are down for most of the trucking companies, with some of the largest trucking companies in the USA expanding their operations to meet increasing demand. Here are the top 20 largest trucking companies in the USA based on full year results of 2022, ranked by revenue.
1. C.H.Robinson (Nasdaq: CHRW): C.H.Robinson has a revenue of $24.7 billion driven primarily by higher pricing in truckload, less-than truckload ("LTL") and ocean services. Other services of C.H. Robinson includes global freight forwarding, and other managed services.
2. J.B. Hunt Transport Services (NYSE: JBHT): J.B. Hunt Transport Services has a revenue of $14.9 billion and provides a range of transportation and logistics services, including truckload, intermodal, and dedicated services.
3. FedEx Freight(NYSE: FDX): With a revenue of $9.5 billion, FedEx Freight is one of the largest trucking company in the USA. It is the subsidiary of Fedex and the company offers a range of transportation solutions, including less-than-truckload (LTL), truckload, and intermodal services.
4. TFI International (NYSE: TFII): TFI International has a revenue of $8.81 billion and offers a range of transportation and logistics services, including truckload, LTL, and logistics solutions, with operations across the USA, Canada, and Mexico.
5. XPO Logistics (NYSE: XPO): XPO Logistics has a revenue of $7.7 billion and offers a wide range of supply chain solutions, including transportation, logistics, and warehousing.
6. Landstar Inc (NASDAQ: LSTR): Landstar has a revenue of $7.4 billion and is a transportation services company specializing in logistics and more specifically third-party logistics.
7. Knight-Swift Transportation Holdings (NYSE: KNX): Knight-Swift Transportation Holdings has a revenue of $7.2 billion and is a leading provider of transportation and logistics services, including truckload, LTL, and intermodal services.
8. Schneider National (NYSE: SNDR): Schneider National has a revenue of $6.6 billion and offers a range of transportation and logistics services, including truckload, LTL, and intermodal services.
9. Old Dominion Freight Line (NASDAQ: ODFL): With a revenue of $6.2 billion, Old Dominion Freight Line specializes in LTL and offers a range of transportation services to customers across the USA.
10. Hub Group (NASDAQ: HUBG). The company reached $5.4 billion revenue for the year ended in 2022. Hub Group is a transportation-management company in North America, providing intermodal, truck-brokerage and logistics services
11. ArcBest (NASDAQ: ARCB) : ArcBest Corporation is an American holding company for truckload and less-than-truckload (LTL) freight, freight brokerage, household good moving, and transportation management companies and it has a revenue of $5.3 billion.
12. Yellow (formerly YRC Worldwide) (NASDAQ: YELL): YRC Worldwide has a revenue of $5.2 billion and offers a range of transportation solutions, including LTL, truckload, and logistics services.
13. Werner Enterprises (NASDAQ: WERN): Werner Enterprises has a revenue of $3.29 billion and offers a range of transportation and logistics services, including truckload, LTL, and intermodal services.
14. Estes Express Lines (Privately owned): Estes Express Lines has a revenue of $3.3 billion and specializes in LTL, offering a range of transportation services to customers across the USA.
15. UPS Freight: UPS Freight has a revenue of $2.7 billion and offers a range of transportation solutions, including LTL, truckload, and intermodal services.
16. Saia (NASDAQ: SAIA): With a revenue of $2.0 billion, Saia is a leading LTL carrier, providing a range of transportation solutions to customers across the USA.
17. R+L Carriers (Privately Owned) : R+L Carriers has a revenue of $2.0 billion annually and specializes in LTL, offering a range of transportation services to customers across the USA.
18. U.S. Xpress: U.S (NYSE: USX). Xpress has a revenue of $2.16 billion and offers a range of transportation and logistics services, including truckload, intermodal, and brokerage services.
19. Uber Freight: Uber Freight has a revenue of $1.2 billion and provides a digital platform for shippers and carriers to connect and book loads.
20. Convoy: Convoy has a revenue of $1.1 billion and offers a digital freight network for shippers and carriers, leveraging technology to provide more efficient and transparent transportation solutions.
In conclusion, the top 20 largest trucking companies in the USA in 2023 are primarily focused on offering a range of transportation and logistics services to customers across the country. With the industry continuing to grow and evolve, these companies are well-positioned to adapt and meet the changing needs of their customers.
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