The Top 10 Largest Trucking Companies of 2022 by Revenue

The Top 10 Largest Trucking Companies of 2022 by Revenue

The trucking industry makes up 6% of full-time jobs in the country. Because of this fact, not only does it move goods, but the industry is also a large employer. Out of the 1.2 million companies in the U.S trucking industry, today, we focus on the top ten.

These companies are the leaders in the trucking industry, from more than $3 billion to revenues as high as $84 billion. In this article, we will look at the companies, the number of people they employ, including how their stock performed year-to-date.

# 10: Landstar System Inc.

Founded: 1968

Headquarters: Jacksonville, Florida, United States

Revenue: 3.65 billion USD (2017)

Number of employees: 1,273 (2017)

The company uses an extensive network of more than 11,000 independent owner operators throughout the United States and Canada to a lesser extent.

# 9: Old Dominion Freight line

Headquarters: Thomasville, North Carolina, United States

Revenue: 4.015 billion USD (2020)

Number of employees: 24,585 (2022)

It is an American regional, inter-regional and national less than truckload shipping company that also offers logistics and household moving services.

# 8: YRC Worldwide, Inc.

Founded: 1929

Headquarters: Overland Park, Kansas, United States

Revenue: $5.1B (2021)

Number of employees: 19,000 (2017) 

# 7: Schneider National

Headquarters: Green Bay, Wisconsin, United States 

Founded: 1935

Revenue: 5.6 billion U.S. dollars.

Number of employees: 16,050 (2021)

Founded in 1935, Schneider is headquartered in Green Bay, Wisconsin. Schneider’s core business focuses on truckload, intermodal, and brokerage services. 

# 6: Knight-Swift Transportation Holdings Inc.

Founded: 1990

Headquarters: Phoenix, Arizona, United States

Revenue: $5.99 B (2021)

Number of employees: 25,400 (2017)

It is the fifth largest trucking company in the United States, and in January 2022, Knight-Swift acquired Midwest Motor Express to expand its LTL footprint.

# 5: TFI International Inc.

Headquarters: Montreal, Canada

Revenue: 7.22 billion USD (2021)

Number of employees: 28,286 (2022)

It is a Canadian transport and logistics company that operates primarily in Canada, the United States, and Mexico. TFI operates through 4 business segments: LTL, package and courier services, brokerage, and truckload. 

# 4: J.B. Hunt Transport Services, Inc

Founded: 1961

Headquarters: Lowell, Arkansas, United States

Revenue: $12.168B

Number of employees: 29,056 (2019)

It is an American transportation and logistics company mainly operates large semi-trailer trucks and provides transportation services throughout the continental U.S., Canada, and Mexico.

# 3: XPO Logistics

Founded: 2000

Headquarters: Greenwich, Connecticut, United States

Revenue: 12.81 billion USD (2021)

Number of employees: 44,000 (2021)

XPO Logistics is an American freight transportation company that offers services including:

  • Less-than-truckload (LTL)
  • Freight brokerage
  • Last mile
  • Intermodal
  • Drayage
  • Global forwarding services

# 2: FedEx Corporation

Founded: May 5, 1971, Little Rock, Arkansas, United States

Headquarters: Memphis, Tennessee, United States

Revenue: $83.959B (2021)

It is an American multinational conglomerate holding company focusing on transportation, e-commerce, and logistics services.

# 1: United Parcel Service

Headquarters: Atlanta, Georgia, United States

Founded: August 28, 1907, Seattle, Washington, United States

Revenue: 84.63 billion USD

Number of employees: 534,000 (2022)

It is the largest courier company in the world by revenue and has grown to become a Fortune 500 company primarily known for its ground shipping services. It focuses mainly on international shipping & receiving and supply chain management.

Final thoughts

71% of all the freight in America is moved by truck. This transportation of goods is led by the ten companies above. We hope you have a clearer picture of the most prominent players in the trucking industry. Whether you want to invest in some of these companies or you want to understand logistics, we hope the information was helpful.

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