UPS is the largest trucking company in the world with revenues surpassing USD 71.86 billion last year.
It has a fleet of over 10,500 tractors. In the US, XPO Logistics is the third-largest trucking company. The company offers two trucking services.
Founded in 2006, GP Transco is one of the highest-paying truck-driving companies. With this company, you can earn up to $90,000.
The US trucking industry employs over 230,000 people every year. More than 85% of US long-distance freight trucking firms are owner-operators.
Yamato Holdings, a Japan company, is the biggest trucking company offering delivery services.
Ranking 6th is YRC Worldwide with brands YRC Freight and Holland. It has a network in North America shipping industrial and retail goods.
We have referred to revenue numbers from Fortune 500 trucking companies to rank the 10 biggest. ArcBest is a company offering end-to-end supply chain services.
Revenue and Market Size
The largest North America trucking company is UPS, with $97.3 billion revenue. The industry has a $217.3 billion market size.
DSV was ranked first with a $47.7 billion market value. Nippon Express ranked sixth.
High Earnings and Salaries in Trucking
US Xpress is one of the trucking companies that pay the highest starting salaries to new drivers. This company pays well for new drivers and even offers a full-fledged medical and dental insurance.
Ice road truckers can earn between $30,000 and $40,000 in just three months, making them some of the highest-paid drivers there are.
Hence, Artur Express’s tagline is “The Truckers’ Company”. As one of the most hands-on companies with its drivers, Artur Express provides a wide variety of benefits for their drivers that spans from cash advances to pet friendly policies.
Rankings and Statistics
- In the list of top 100 for-hire trucking companies for the year 2023:
- UPS Inc. holds the top position with a staggering revenue of $100.3 billion.
- FedEx Corp. follows with revenue at $92.61 billion.
- Old Dominion Freight Line takes the third position with a net income of $1.37 billion.
- Among the top ten companies, TFI International showed significant growth, jumping from the fifth to fourth position.
- XPO dropped two spots from third to fifth position compared to the previous year.
When a trucking company initially hires an individual, they are likely to pull a DAC (Drive-a-Check) report that includes at least 10-years of history. Once hired on, companies are also required to check every driver’s record at least once every twelve months.
We have taken into account different sources and prepared the list of 15 biggest trucking companies on the world. In order to calculate the ranking we have taken factors including revenue, net income, market capitalization, and the 1 year trailing total return.