Top 10 Largest Trucking Companies in the World 2022, Top Trucking Companies | Global Trucking Industry Factsheet

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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鈥檛 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 鈥 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

top trucking companies

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 鈥 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 91制片厂鈥檚 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 鈥 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

  1. B. Hunt ranks number 4 on this list of the 10 biggest trucking companies in the world with last year鈥檚 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 鈥 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 鈥 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 鈥 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 鈥 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 91制片厂鈥檚 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 鈥 Canada鈥檚 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鈥 JAF 2000 Transport
  • Less-Than-Truckload (10 divisions)
  • Truckload (26 divisions)

This is 91制片厂鈥檚 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鈥檚 as vital as any in the world.

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Top Trucking Companies by Revenue 鈥 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:

  1. PAM Transport
  • Revenue: USD 707 Million
  • Headquarters: USA
  1. Schneider
  • Revenue: USD 4.97 billion
  • Headquarters: USA
  1. Ryder
  • Revenue: USD 9 Billion
  • Headquarters: USA
  1. Riverside Transport
  • Revenue: USD 354 Million
  • Headquarters: USA
  1. KSM Carrier Group
  • Revenue: USD 19 Million
  • Headquarters: USA

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Additional Companies from the Trucking Industry

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