In 2022, the U.S. trucking industry generated $940.8 billion, carrying the heavy load of 72.6% of all cargo shipped. With a fleet of nearly 12.86 million trucks and a workforce of 8.4 million strong, trucking is the backbone of the U.S. supply chain.
Insider Monkey is a New York-based financial blog founded by Ian Dogan, offering insight into profiting from public insider trading and hedge fund transactions. They've combed through heaps of data, checking industry reports, financial figures, and stock screener magic to bring you the top 25 trucking champions of 2024, focusing on market cap as of March 27.
Here's the list of the top 25 trucking companies, ranked from #25 to #1, with their market cap or revenue:
Rank
Company Name
Market Cap/Revenue
25
Daseke, Inc. (NASDAQ:DSKE)
$390.80 million
24
Covenant Logistics Group, Inc. (NASDAQ:CVLG)
$594.36 million
23
Forward Air Corporation (NASDAQ:FWRD)
$791.12 million
22
Heartland Express, Inc. (NASDAQ:HTLD)
$908.28 million
21
Universal Logistics Holdings, Inc. (NASDAQ:ULH)
$951.34 million
20
Marten Transport, Ltd. (NASDAQ:MRTN)
$1.49 billion
19
CRST International
$2.0 billion (2023 Revenue)
18
Werner Enterprises, Inc. (NASDAQ:WERN)
$2.42 billion
17
RXO, Inc. (NYSE:RXO)
$2.43 billion
16
Hub Group, Inc. (NASDAQ:HUBG)
$2.60 billion
15
ArcBest Corporation (NASDAQ:ARCB)
$3.20 billion
14
Schneider National, Inc. (NYSE:SNDR)
$3.86 billion
13
NFI Industries, Inc.
$3.90 billion (2023 Estimated Revenue)
12
Estes Express Lines
$4.40 billion (2023 Revenue)
11
Flexport
$5 billion (2023 Estimated Revenue)
10
Ryder System, Inc. (NYSE:R)
$5.12 billion
9
Landstar System, Inc. (NASDAQ:LSTR)
$6.59 billion
8
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW)
$8.51 billion
7
Knight-Swift Transportation Holdings Inc. (NYSE:KNX)
$8.51 billion
6
XPO, Inc. (NYSE:XPO)
$14.04 billion
5
Saia, Inc. (NASDAQ:SAIA)
$15.58 billion
4
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)
$20.01 billion
3
Old Dominion Freight Line, Inc. (NASDAQ:ODFL)
$47.16 billion
2
FedEx Corporation (NYSE:FDX)
$71.12 billion
1
United Parcel Service, Inc. (NYSE:UPS)
$122.67 billion
These are the companies keeping America's economy rolling, delivering everything from the essentials to the extraordinary right to our doorsteps and beyond.
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
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