2025 Top Air/Expedited Carriers

2025 Essential Financial and Operating Information for the 100 Largest For-Hire Carriers in North America

Up Front

Coming off yet another down year for freight in 2024, motor carriers now face an uncertain business environment.

Tariffs and shifting trade patterns have made business planning difficult for North American trucking companies.

Find out where the Top 100 For-Hire carriers are located by region; click links to view details about the company.

Rankings

Rank Company Revenue (000)
1 Forward Air 1,115,163
2 Covenant Logistics Group 461,461
3 ArcBest 240,142

Extras

Young professionals joining the trucking industry are reshaping their workplaces, advocating for flexible work environments.

Carriers across various segments of the trucking industry navigated unfavorable business conditions in 2024.

Motor carriers are sharing knowledge and resources to better support military veteran employees.

If your company appears on the list, you have a few ways to announce it. Visit our logo library to get ready-made graphics.

Tariffs raised by the Trump administration create obstacles on the path to a market recovery, the study’s authors warned.

Learn more about how companies are selected for Transport Topics' Top 100 largest for-hire carriers list.

For-Hire News

BusinessEquipmentLogisticsFor-HireGlobal Freight

FedEx Posts Higher Earnings as Spinoff Plans Advance

The results hovered around expectations by investment analysts on Wall Street, which had been looking for $4.07 per share and quarterly revenue of $22.88 billion.

December 19, 2025
BusinessEquipmentLogisticsFor-HireTop 100

Averitt Expands Dedicated Unit to Include Tanker Operations

Averitt Express added dedicated tanker truck services to its logistics offerings for bourbon distilleries, expanding its long-standing role in supporting the industry.

December 19, 2025
BusinessTechnologySafetyLogisticsFor-HireTop 100

Health Care Logistics Shines Through 2025’s Cloudy Market

From dedicated transport contracts to medical device, clinical trial, biopharma, cell and gene therapy logistics, there is a growing awareness of the opportunities available.

December 18, 2025
BusinessEquipmentLogisticsFor-HireTop 100

LTL Market Disappoints in 2025

LTL was something of a latecomer to the downturn, with the August 2023 demise of the then-No. 3-ranked LTL player Yellow shielding its peers from excessive headwinds.

December 18, 2025
GovernmentBusinessLogisticsFor-HirePrivateGlobal FreightTop 100Top 50

USPS to Open Last-Mile Delivery Network to More Shippers

The U.S. Postal Service said Dec. 17 it intends to open its last-mile delivery network, the most expensive part of the shipping process, to large and small shippers.

December 17, 2025
BusinessEquipmentFor-HireTop 100

Volvo Trucks Receives Order for 185 VNLs From Koch Trucking

Volvo Trucks North America has landed a 185-unit order from Koch Trucking for the newly launched Volvo VNL 860.

December 16, 2025
GovernmentBusinessLogisticsFor-Hire

Transportation Jobs Fall as Broader Labor Market Cools

Transportation and warehousing employment fell by 8,000 jobs in November and is down 78,000 jobs since its February peak, according to the BLS Employment Situation report for November.

December 16, 2025
GovernmentBusinessTechnologyEquipmentSafetyLogisticsFor-Hire

How Uncertainty Defined Trucking in 2025

President Trump's aggressive approach to trade policy, alongside other market disruptions, left trucking looking for clarity on a market recovery, investments and equipment.

December 16, 2025
BusinessTechnologyLogisticsFor-HireGlobal FreightTop 100Top 50

UPS Purchases 400 Robots to Unload Trucks in Automation Push

UPS will invest $120 million in 400 robots used to unload trucks, according to sources, revealing new details on the logistics giant’s $9 billion automation plan that aims to boost profit.

December 15, 2025
BusinessTechnologyLogisticsFor-HireTop 100

Brad Jacobs to Step Down as Chairman of XPO and GXO

Brad Jacobs joined XPO in 2011 and built it into one of North America’s largest transportation companies before spinning off GXO in 2021 and RXO in 2022.

December 15, 2025

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