The global trucking industry continues to see year-over-year growth led by the top 10 largest trucking companies in the world. As the global trucking industry becomes more integrated with the logistics chain, with the arrival of shipments to factories and warehouses. Additionally, the demand for trucking services won’t go away any time soon as entire economies rely on them for transportation of all types of goods. Just how big is the global truck industry? The global trucking industry market is set to reach USD 700 billion by 2024, growing at a CAGR of 5.20% by 2024.
Leading the way for the top trucking companies is UPS — the largest trucking company in the world by revenue. The biggest trucking companies after UPS are the US-based trucking companies FedEx and XPO Logistics rounding out the top 10 trucking companies by revenue. This post will breakdown the best trucking companies in detail and answer the following questions about the industry:
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Who are the top 10 largest trucking companies in the world by revenue in 2022? The following is a list of top trucking companies ranked by their revenue figures in USD billion.
Revenue (USD billions)
|3||XPO Logistics||16.65||100,000||Connecticut, USA|
|4||J. B. Hunt||9.16||29,056||Arkansas, USA|
|6||YRC Worldwide||5.09||19,000||Kansas, USA|
|8||Landstar System||4.61||1,306||Florida, USA|
|9||Old Dominion Freight Line||4.04||21,279||Thomasville, USA|
|10||TFI International||3.95||17,500||Montreal, Canada|
What is the largest trucking company in the United States and the world? UPS is the largest trucking company in the world with revenues surpassing USD 71.86 billion last year. UPS is an American multinational package delivery and supply chain management company that was founded in 1907 initially as The American Messenger Company. UPS commonly refers to its ground package tractor-trailers as “feeders”; these vehicles are distinct from the UPS Freight fleet. In North America, UPS utilizes a fleet of trucks from several manufacturers, including Mack Trucks (Pinnacle and Vision) and Navistar (International ProStar+ and 9900i), along with PACCAR vehicles (Kenworth T800, T660, and T680). UPS ranks number 1 on this list of the top 10 largest trucking companies in the world due to achieving the highest revenues among the top trucking companies in 2022.
FedEx ranks number 2 on our list of the top 10 trucking companies in the world by revenue in 2022. FedEx is an American multinational delivery services company headquartered in Memphis, Tennessee. FedEx is known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location, a feature that has now been implemented by most other carrier services. FedEx generated USD 65.46 billion in revenue last year — making it the 2nds largest trucking company in the world by revenue. The company currently employs 425,000 people and has over 29,000 tractors and over 113,000 trailers. FedEx is also known as one of the largest third-party logistics companies in the world.
Ranking 3rd on BizVibe’s list of the top 10 largest trucking companies in the world is XPO Logistics, an American multinational transportation, and contract logistics company that manages supply chains for 50,000 customers. XPO Logistics has over 14,438 tractors and 25,689 trailers and currently employs over 100,000 people. One of the most successful trucking companies, XPO Logistics, Inc. is the 7th best-performing stock of the last decade on the Fortune 500. Last year XPO Logistics generated revenues of USD 16.65 — ranking the company 3rd by revenue on this list of major trucking companies.
Ranking 4th on this list of the top 10 largest trucking companies in the world is Knight-Swift, a publicly-traded, American, truckload motor shipping carrier based in Phoenix, Arizona. The company engages in the transportation of general commodities in the United States. It provides asset-based dry van truckload and temperature-controlled truckload carrier services primarily to short to medium lengths of haul. The company also offers non-asset-based brokerage services. Knight-Swift employs over 25,400 people and operates over 19,156 tractors and 69,544 trailers. In 2019, Knight-Swift generated revenues of USD 5.34 billion — making it one of the top 10 trucking companies in the world by revenue and one of the largest trucking companies in the US.
Ranking 6th on this list of the best trucking companies in the world is YRC Worldwide, a holding company of freight shipping brands YRC Freight, New Penn, Holland, and Reddaway. RC Worldwide has a comprehensive network in North America and offers to ship of industrial, commercial, and retail goods. The company is headquartered in Overland Park, Kansas. YRC Worldwide generated USD 5.09 billion in revenues last year — making it one of the top trucking companies in the world by revenue. YRC Worldwide operates 14,100 tractors and 45,000 trailers and employs over 19,000 people.
Schneider National ranks 7th on this list of the top 10 largest trucking companies in the world with revenues exceeding USD 4.97 billion last year. Schneider National is a provider of truckload, intermodal, and logistics services. Schneider’s services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics. Schneider operates 13,700 tractors and 37,800 trailers — making it one of the top 10 trucking companies by revenue and operations.
Landstar System ranks 8th on this list of the top 10 biggest trucking companies in the world in 2022 with revenues exceeding USD 4.61 billion. Landstar System, Inc. is a transportation services company specializing in logistics and more specifically third-party logistics. The company currently operates 10,599 tractors and 16,743 trailers, and employs over 1,306 people.
Ranking 9th on this list of the top 10 largest trucking companies in the world is Old Dominion Freight Line, an American less than truckload shipping company. Old Dominion Freight Line offers regional, inter-regional and national LTL service. The company is known for logistics services including ground and air expedited transportation, supply chain consulting, transportation management, truckload brokerage, container delivery, and warehousing, as well as household moving services. It contracts with freight forwarding services worldwide. The company operates 9,254 tractors and 35,729 trailers, and currently employs over 35,729 people worldwide. Last year, Old Dominion Freight Line generated USD 4.04 billion in revenues — making it one of the top trucking companies in the world by revenue.
Rounding out BizVibe’s list of the top 10 largest trucking companies in the world is TFI International, the first company on this list based outside of the USA. TFI International is a Canadian transport and logistics company based in Montreal, Quebec — Canada’s largest less-than-truckload shipping business. Two-thirds of business comes from operations in Eastern Canada while the rest is from Western Canada. The company currently operates 15,992 tractors and 26,487 trailers.
This is BizVibe’s list of the top 10 trucking companies in the world in 2022 ranked by revenue. These companies are driving stellar growth in an industry that’s as vital as any in the world.
Here is a list of 50 more of the largest trucking companies in the world ranked by revenue and size of the business and its operations. Which one of these companies will eventually enter the top 10 trucking companies in the world list?
Revenue (USD billions)
|1||Ryder Supply Chain Solutions||3,731,457||–||–||–|
|3||Estes Express Lines||3,160,000||18,451||7,569||29,519|
|7||Roadrunner Transportation Systems||2,216,141||4,600||3,422||5,563|
|10||U.S. Xpress Enterprises||1,842,817||8,912||6,909||16,000|
|17||Kenan Advantage Group||1,536,191||9,000||6,409||10,732|
|18||Universal Logistics Holdings||1,461,708||6,335||4,057||6,152|
|20||Southeastern Freight Lines||1,378,929||8,989||3,570||11,569|
|23||Anderson Trucking Service||1,244,459||2,143||2,636||6,978|
|25||Crete Carrier Corp.||1,156,000||6,000||5,373||13,430|
|28||Celadon Group Inc.||999,700||5,500||3,850||10,000|
|30||KLLM Transport Services||917,000||–||3,500||5,400|
|31||Atlas World Group||900,500||650||1,064||4,136|
|32||Covenant Transportation Group||885,455||5,500||3,154||6,950|
|33||Pitt Ohio Transportation Group||826,947||5,751||2,047||5,534|
|34||Central Transport International||825,000||–||3,180||6,543|
|36||Day & Ross||806,806||3,277||2,872||9,006|
|40||AAA Cooper Transportation||725,000||5,234||2,690||6,800|
|44||United Road Services||659,000||1,846||2,550||1,300|
|45||Dayton Freight Lines||659,000||4,922||1,752||4,408|
|46||Bennett International Group||612,140||1,124||1,632||2,698|
|48||Mercer Transportation Co.||602,504||305||2,608||2,608|
|50||Jack Cooper Holdings||581,000||3,753||1,843||2,290|
The demand for trucking services is going nowhere. As mentioned above, revenues in the US alone in the trucking industry exceeds the GDP of more than 150 countries, and large corporations like Walmart employ thousands of truckers alone. The top 10 largest trucking companies are adapting their strategies to fit a more technology-driven generation. Expect the top trucking companies to continue innovating in a high demand market.
Trucking extends to freight trucking, which is essentially the transportation of goods by truck, train, ship, or plane. The largest freight trucking companies are:
Check out the full list of the top freight trucking companies on BizVibe.
Leasing a trucking fleet is starting to gain traction due to many benefits such as less commitment, lower, locked-in monthly payments, no residual risk at end of the lease, and more. The largest lease to own trucking companies are:
Check out the full list of the top lease-to-own trucking companies on BizVibe.