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.
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.
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
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.
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
Headquarters: Lowell, Arkansas, United States
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
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
- 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.
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.