The Current State of the Global Trucking Industry
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:
- What are the world’s largest trucking companies by revenue?
- What is the largest trucking company in the United States?
- Global trucking industry stats and trends you should know.
- How big is the global truck industry?
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Global Trucking Industry Statistics and Trends
- Data shows that trucking moves 71% of all the freight in America, and nearly 6% of all the full-time jobs in the country are in the trucking industry.
- The American trucking industry posted revenues higher than the GDP of more than 150 nations.
- 8% of all full-time jobs in America are related to trucking.
- Walmart employs over 8,600 truckers.
- Last year, trucks moved 10.8 billion tons of freight.
- Most grocery stores would run out of food in just three days if long-haul truckers stopped driving.
- The average professional long-haul trucker logs more than 100,000 miles per year.
Top 10 Largest Trucking Companies in the World 2022
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.
Rank | Trucking Company | Revenue (USD billions) | Employees | Headquarters |
| 1 | UPS | 71.86 | 481,000 | Georgia, USA |
| 2 | FedEx | 65.45 | 425,000 | Tennessee, USA |
| 3 | XPO Logistics | 16.65 | 100,000 | Connecticut, USA |
| 4 | J. B. Hunt | 9.16 | 29,056 | Arkansas,USA |
| 5 | Knight-Swift | 5.34 | 25,400 | Arizona, USA |
| 6 | YRC Worldwide | 5.09 | 19,000 | Kansas,USA |
| 7 | Schneider | 4.97 | 19,600 | Wisconsin,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 |
1. United Parcel Service (UPS)
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.
- Founded: 1907
- UPS Headquarters: Sandy Springs, Georgia, USA
- UPS Revenue: USD 86 billion
- UPS Number of Employees: 481,000
- UPS Tractors: 19,732
- UPS Trailers: 106,481
UPS Products and Services
- Courier express services
- Freight forwarding services
- Logistics services
2. FedEx
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.
- Founded: 1971
- FedEx Headquarters: Memphis, Tennessee, USA
- FedEx Revenue: USD 45 billion
- FedEx Number of Employees: 425,000
- FedEx Tractors: 29,813
- FedEx Trailers: 113,218
FedEx Products and Services
- Post delivery
- Express mail
- Freight forwarding
- Third-party logistics
3. XPO Logistics
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.
- Founded: 1989
- XPO Logistics Headquarters: Greenwich, Connecticut, USA
- XPO Logistics Revenue: USD 165 billion
- XPO Logistics Number of Employees: 100,000
- XPO Logistics Tractors: 14,438
- XPO Logistics Trailers: 25,689
XPO Logistics Products and Services
- Freight brokerage
- Intermodal and drayage
- Last-mile
- Less-than-truckload
- Global forwarding
4. J. B. Hunt
- B. Hunt ranks number 4 on this list of the 10 biggest trucking companies in the world with last year’s revenues exceeding USD 9.16 billion. J. B. Hunt is a transportation and logistics company based in Lowell, Arkansas. J.B. Hunt currently operates over 15,808 tractors and 33,510 trailers; and also employs over 29,056 people. J.B. Hunt primarily operates large semi-trailer trucks and provides transportation services throughout the continental U.S., Canada, and Mexico.
- Founded: 1961
- B. Hunt Headquarters: Lowell, Arkansas, USA
- B. Hunt Revenue: USD 9.16 billion
- B. Hunt Number of Employees: 29,056
- B. Hunt Tractors: 15,808
- B. Hunt Trailers: 33,510
5. Knight-Swift
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.
- Founded: 1990
- Knight-Swift Headquarters: Phoenix, Arizona, USA
- Knight-Swift Revenue: USD 34 billion
- Knight-Swift Number of Employees: 25,400
- Knight-Swift Tractors: 19,156
- Knight-Swift Trailers: 69,544
Knight-Swift Products and Services
- Truckload shipping: freight, packaging, shipping containers, crates, corrugated fiberboard boxes, etc.
Related: Get Free Insights for 100+ Top Commercial Trucking Companies
6. YRC Worldwide
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.
- Founded: 1929
- YRC Worldwide Headquarters: Overland Park, Kansas, USA
- YRC Worldwide Revenue: USD 09 billion
- YRC Worldwide Number of Employees: 19,000
- YRC Worldwide Tractors: 14,100
- YRC Worldwide Trailers: 45,000
YRC Worldwide Subsidiaries
- YRC Freight
- Holland
- Reddaway
- New Penn
7. Schneider
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.
- Founded: 1935
- Schneider Headquarters: Green Bay, Wisconsin, United States
- Schneider Revenue: USD 97 billion
- Schneider Number of Employees: 19,600
- Schneider Tractors: 13,700
- Schneider Trailers: 37,800
Schneider Products and Services
- Truckload shipping: regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics.
8. Landstar System
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.
- Founded: 1968
- Landstar System Headquarters: Jacksonville, Florida, USA
- Landstar System Revenue: USD 61 billion
- Landstar System Number of Employees: 1,306
- Landstar System Tractors: 10,599
- Landstar System Trailers: 16,743
Landstar System Products and Services
- Delivery
- Freight
- Third-party logistics
9. Old Dominion Freight Line
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.
- Founded: 1934
- Old Dominion Freight Line Headquarters: Thomasville, North Carolina, USA
- Old Dominion Freight Line Revenue: USD 04 billion
- Old Dominion Freight Line Number of Employees: 21,279
- Old Dominion Freight Line Tractors: 9,254
- Old Dominion Freight Line Trailers: 35,729
Old Dominion Freight Line Products and Services
- Ground and air expedited transportation
- Supply chain consulting
- Transportation management
- Truckload brokerage
- Container delivery and warehousing
- Household moving services
10. TFI International
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.
- Founded: 1957
- TFI International Headquarters: Saint-Laurent, Montreal, Canada
- TFI International Revenue: USD 95 billion
- TFI International Number of Employees: 17,500
- TFI International Tractors: 15,992
- TFI International Trailers: 26,487
TFI International Products and Services
- Package and Courier
- Container transport (2 divisions) Clarke Road Transport‚ JAF 2000 Transport
- Less-Than-Truckload (10 divisions)
- Truckload (26 divisions)
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.
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Top Trucking Companies by Revenue – 50 More Companies
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?
Rank | Trucking Company | Revenue (USD billions) | Employees | Tractors | Trailers |
| 1 | Ryder Supply Chain Solutions | 3,731,457 | – | – | – |
| 2 | Hub Group | 3,683,593 | 5,400 | 3,800 | 5,000 |
| 3 | Estes Express Lines | 3,160,000 | 18,451 | 7,569 | 29,519 |
| 4 | ArcBest | 3,093,788 | 13,000 | 4,273 | 22,680 |
| 5 | Werner Enterprises | 2,457,914 | 12,852 | 7,860 | 25,255 |
| 6 | Penske Logistics | 2,300,000 | 19,012 | 3,491 | 10,162 |
| 7 | Roadrunner Transportation Systems | 2,216,141 | 4,600 | 3,422 | 5,563 |
| 8 | Prime Inc. | 2,186,057 | 4,900 | 7,226 | 13,524 |
| 9 | NFI | 2,040,000 | 10,900 | 4,000 | 9,700 |
| 10 | U.S. Xpress Enterprises | 1,842,817 | 8,912 | 6,909 | 16,000 |
| 11 | Daseke Inc. | 1,770,000 | 5,930 | 6,144 | 13,824 |
| 12 | UniGroup Inc. | 1,700,000 | – | 5,022 | 5,607 |
| 13 | R+L Carriers | 1,692,000 | – | 5,084 | 15,675 |
| 14 | CRST International | 1,685,000 | 7,131 | 6,052 | 14,077 |
| 15 | Saia Inc. | 1,653,849 | 10,300 | 4,834 | 15,483 |
| 16 | C.R. England | 1,636,138 | 8,196 | 4,287 | 6,494 |
| 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 |
| 19 | Sirva Inc. | 1,400,000 | – | 1,657 | 2,867 |
| 20 | Southeastern Freight Lines | 1,378,929 | 8,989 | 3,570 | 11,569 |
| 21 | Forward Air | 1,320,886 | 5,411 | 1,185 | 6,647 |
| 22 | Averitt Express | 1,298,463 | 9,000 | 4,947 | 15,182 |
| 23 | Anderson Trucking Service | 1,244,459 | 2,143 | 2,636 | 6,978 |
| 24 | Evans Delivery | 1,163,625 | 429 | 6,000 | 550 |
| 25 | Crete Carrier Corp. | 1,156,000 | 6,000 | 5,373 | 13,430 |
| 26 | Purolator | 1,078,043 | 10,000 | 465 | 1,329 |
| 27 | Lynden Inc. | 1,050,000 | 2,658 | 998 | 2,679 |
| 28 | Celadon Group Inc. | 999,700 | 5,500 | 3,850 | 10,000 |
| 29 | Ruan | 957,131 | 5,700 | 3,700 | 9,600 |
| 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 |
| 35 | Quality Distribution | 822,000 | – | 2,541 | 5,204 |
| 36 | Day & Ross | 806,806 | 3,277 | 2,872 | 9,006 |
| 37 | Cardinal Logistics | 800,000 | 4,220 | 2,560 | 8,000 |
| 38 | Marten Transport | 787,594 | 3,600 | 2,661 | 5,594 |
| 39 | PS Logistics | 747,339 | 3,664 | 3,150 | 5,300 |
| 40 | AAA Cooper Transportation | 725,000 | 5,234 | 2,690 | 6,800 |
| 41 | Stevens Transport | 719,870 | 2,700 | 2,715 | 3,900 |
| 42 | Western Express | 695,122 | 3,250 | 2,805 | 7,600 |
| 43 | Mullen Group | 674,027 | 3,759 | 1,978 | 5,055 |
| 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 |
| 47 | Heartland Express | 610,803 | 3,450 | 2,906 | 10,506 |
| 48 | Mercer Transportation Co. | 602,504 | 305 | 2,608 | 2,608 |
| 49 | Suddath | 600,000 | 2,200 | – | – |
| 50 | Jack Cooper Holdings | 581,000 | 3,753 | 1,843 | 2,290 |
The Future of the Global Trucking Industry
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.
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The Largest Freight Trucking Companies
Trucking extends to freight trucking, which is essentially the transportation of goods by truck, train, ship, or plane. The largest freight trucking companies are:
1. FedEx Freight
- Revenue: USD 65.45 billion
- Headquarters: USA
2. Old Dominion Freight Line
- Revenue: USD 4.04 billion
- Headquarters: USA
3. XPO Logistics
- Revenue: USD 16.65 billion
- Headquarters: USA
4. YRC Freight
- Revenue: USD 5.09 billion
- Headquarters: USA
5. Estes Express Lines
- Revenue: USD 500 million
- Headquarters: USA
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The Top Lease To Own Trucking Companies
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:
- PAM Transport
- Revenue: USD 707 Million
- Headquarters: USA
- Schneider
- Revenue: USD 4.97 billion
- Headquarters: USA
- Ryder
- Revenue: USD 9 Billion
- Headquarters: USA
- Riverside Transport
- Revenue: USD 354 Million
- Headquarters: USA
- KSM Carrier Group
- Revenue: USD 19 Million
- Headquarters: USA
Check out the full list of the top lease-to-own trucking companies on BizVibe.
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Additional Companies from the Trucking Industry
Network with the complete list of trucking companies only on BizVibe.
- trucking and shipping companies
- specialized freight trucking companies
