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The Top 10 Largest Trucking Companies of 2022 by Revenue

The Top 10 Largest Trucking Companies of 2022 by Revenue

The trucking industry makes up 6% of full-time jobs in the country. Because of this fact, not only does it move goods, but the industry is also a large employer. Out of the 1.2 million companies in the U.S trucking industry, today, we focus on the top ten.

These companies are the leaders in the trucking industry, from more than $3 billion to revenues as high as $84 billion. In this article, we will look at the companies, the number of people they employ, including how their stock performed year-to-date.

# 10: Landstar System Inc.

Founded: 1968

Headquarters: Jacksonville, Florida, United States

Revenue: 3.65 billion USD (2017)

Number of employees: 1,273 (2017)

The company uses an extensive network of more than 11,000 independent owner operators throughout the United States and Canada to a lesser extent.

# 9: Old Dominion Freight line

Headquarters: Thomasville, North Carolina, United States

Revenue: 4.015 billion USD (2020)

Number of employees: 24,585 (2022)

It is an American regional, inter-regional and national less than truckload shipping company that also offers logistics and household moving services.

# 8: YRC Worldwide, Inc.

Founded: 1929

Headquarters: Overland Park, Kansas, United States

Revenue: $5.1B (2021)

Number of employees: 19,000 (2017) 

# 7: Schneider National

Headquarters: Green Bay, Wisconsin, United States 

Founded: 1935

Revenue: 5.6 billion U.S. dollars.

Number of employees: 16,050 (2021)

Founded in 1935, Schneider is headquartered in Green Bay, Wisconsin. Schneider’s core business focuses on truckload, intermodal, and brokerage services. 

# 6: Knight-Swift Transportation Holdings Inc.

Founded: 1990

Headquarters: Phoenix, Arizona, United States

Revenue: $5.99 B (2021)

Number of employees: 25,400 (2017)

It is the fifth largest trucking company in the United States, and in January 2022, Knight-Swift acquired Midwest Motor Express to expand its LTL footprint.

# 5: TFI International Inc.

Headquarters: Montreal, Canada

Revenue: 7.22 billion USD (2021)

Number of employees: 28,286 (2022)

It is a Canadian transport and logistics company that operates primarily in Canada, the United States, and Mexico. TFI operates through 4 business segments: LTL, package and courier services, brokerage, and truckload. 

# 4: J.B. Hunt Transport Services, Inc

Founded: 1961

Headquarters: Lowell, Arkansas, United States

Revenue: $12.168B

Number of employees: 29,056 (2019)

It is an American transportation and logistics company mainly operates large semi-trailer trucks and provides transportation services throughout the continental U.S., Canada, and Mexico.

# 3: XPO Logistics

Founded: 2000

Headquarters: Greenwich, Connecticut, United States

Revenue: 12.81 billion USD (2021)

Number of employees: 44,000 (2021)

XPO Logistics is an American freight transportation company that offers services including:

  • Less-than-truckload (LTL)
  • Freight brokerage
  • Last mile
  • Intermodal
  • Drayage
  • Global forwarding services

# 2: FedEx Corporation

Founded: May 5, 1971, Little Rock, Arkansas, United States

Headquarters: Memphis, Tennessee, United States

Revenue: $83.959B (2021)

It is an American multinational conglomerate holding company focusing on transportation, e-commerce, and logistics services.

# 1: United Parcel Service

Headquarters: Atlanta, Georgia, United States

Founded: August 28, 1907, Seattle, Washington, United States

Revenue: 84.63 billion USD

Number of employees: 534,000 (2022)

It is the largest courier company in the world by revenue and has grown to become a Fortune 500 company primarily known for its ground shipping services. It focuses mainly on international shipping & receiving and supply chain management.

Final thoughts

71% of all the freight in America is moved by truck. This transportation of goods is led by the ten companies above. We hope you have a clearer picture of the most prominent players in the trucking industry. Whether you want to invest in some of these companies or you want to understand logistics, we hope the information was helpful.

Discover the Greatest Shipping Companies in the World

Discover the Greatest Shipping Companies in the World

Did you know that 80% of the world’s goods are transported over sea? Have you ever wondered how many ships and containers are needed to transport all these goods? This article will look at some large firms dominating the shipping industry. 

Several factors determine the rankings of the ten companies below:

  • Their fleet: This is the number of ships that the company owns.
  • Total shipping capacity is measured in twenty-foot equivalent units (TEUs). TEU is the volume of a twenty-foot-long shipping container.
  • Market capitalization: The total value of all a company’s shares of stock. Mega-ships are ships with a capacity of over 18,000 TEUs; given the scale of human consumption, container ships are growing bigger. For example, the Ever Ace, which Evergreen owns, has a capacity of 24,000 TEUs. It is the largest ship in the world.

We also examine how the ten companies below have been performing financially over the last five years.

# 10: Wan Hai Lines, Ltd

Headquarters:  Based in Taipei, Taiwan

Founded:   1965

Fleet:   147 ships 

TEU capacity:  412,204

Market share:   1.6%.

Market capitalization: 286.23B TWD

When they started, Wan Hai’s business was mainly logging transportation between Taiwan, Japan, and Southeast Asia. Now they offer services to Canada, the U.S., South America, Africa, and the Middle East. 

# 9: Yang Ming Marine Transport Corporation

Headquarters: Keelung City, Taiwan

Founded: December 16, 1972

Fleet: 93 ships

TEU capacity: 666,164

Market share: 2.6%

Market capitalization: 302.07B TWD

On June 4, 2018, the container ship Y.M. Efficiency lost 83 containers at sea due to extremely rough weather conditions close to Australia’s New South Wales coast. Although no dangerous goods were discharged into the sea, some medical and surgical items were noted floating and recovered ashore.

# 8: HMM Co. Ltd

Headquarters: Seoul, South Korea

Founded: March 25, 1976

Fleet: 76

TEU capacity: 820,320

Market share: 3.2%

Market capitalization: 11.67T Korean W

The company moves most of South Korea’s exports, making it the number one Korean national container carrier. It was formerly known as Hyundai Merchant Marine.

# 7: Evergreen Marine Corporation

Headquarters: Taipei City, Taipei, Taiwan

Founded: 1968

Fleet: 200

TEU capacity: 1,504,564

Market share: 5.9%

Market capitalization: 486.78B Taiwanese dollars

In March 2021, one of the company’s ships, Ever Given, made international news. It got stuck and blocked the Suez Canal for nearly a week, holding up an estimated $400 million an hour in trade.

# 6: Ocean Network Express Holdings, Ltd. (ONE)

Headquarters: Tokyo and Singapore

Founded: 2017

Fleet: 207

TEU capacity: 1,515,708

Market share: 6.0%

Market capitalization: 218.40m HKD

ONE is a member of THE Alliance long with Hapag-Lloyd, HMM Co. Ltd., and Yang Ming Marine Transport Corporation.  THE Alliance is a group of container shipping companies intended to provide 34 shipping services, directly calling at 81 different ports around the world.

# 5 Hapag-Lloyd AG

Headquarters: Germany, Hamburg, Germany

Founded: September 1, 1970

Fleet: 247

TEU capacity: 1,742,598

Market share: 6.9%

Market capitalization: 58.33B Euro

In September 2014, its ship, the 8,750-TEU Colombo Expresscollided with the 8,112-TEU Maersk Tanjong near the entrance of the Suez Canal at Port Said.

# 4: COSCO SHIPPING Holdings

Headquarters: Beijing, China

Founded: 2005

Fleet: 474 ships

TEU capacity: 2,927,413

Market share: 11.5%

Market capitalization: 208.80B CNY

The company continued transporting Russian crude oil to China while the world’s leading shippers stopped deliveries to and from Russia.

# 3: CMA CGM S.A.

Headquarters: CMA CGM Tower, Marseille, France
Fleet: 578
TEU capacity: 3,261,052
Market share: 12.8%

Market capitalization: 

In 2018, the container ship CMA CGM Norma collided with China’s flagged Yusheng366 vessel in Hong Kong waters. As a result, Yusheng366 sank while Norma suffered minor damages.

# 2: Maersk

Headquarters: Copenhagen, Denmark

Founded: April 16, 1904

Fleet: 729

TEU capacity: 4,245,962

Market share: 16.7%

Market capitalization: 342.44B Danish kronor

The hijacking of Maersk’s Alabama off the Somali coast in 2009 inspired the 2013 movie Captain Philip, starring Tom Hanks.

# 1: MSC Mediterranean Shipping Company S.A.

Headquarters: Geneva Switzerland

Founded: 1970

Fleet: 1663 ships

TEU capacity: 5,339,852

Market share: 17.1%

MSC operates the world’s two largest container ships, MSC Gülsün and MSC Samar. The company remains independent and wholly owned by the Aponte family.

In 2021, the company’s container ship MSC Messina sank halfway between Sri Lanka and Malacca Strait.

Freight Stocks: A Year-to-Year Review

Freight Stocks: A Year-to-Year Review

Ten Logistics Stocks: Performance Year-to-Year

Today we will look at ten stocks in the freight logistics space. We analyzed these stocks to determine their performance in the past year. Some have made gains, and some have made losses. 

As we look at these ten stocks, we must know what to look for to determine whether a stock is performing well. Here are some basic definitions  for you:

Market capitalization refers to the total value of all a company’s shares of stock. A company with 2 million shares selling at $50 a share would have a market cap of $100 million.

Revenue: This is the total amount of money earned by a company for selling its goods and services.

Net income: These are sales when you subtract all expenses.

Net profit margin: measures how much net income is generated as a percentage of revenue.

United Parcel Service, Inc.

Stock Ticker: NYSE: UPS

It is the world’s largest express carrier and package delivery company. UPS offers a range of supply chain solutions:

The company’s following earnings report is expected on July 6, 2022. With a market capitalization of $160.5B, their stock is trading at $185.19. UPS stock is down -12.84% from $212.46 a year ago.

In the last quarter ending March 2022, revenue was up 6.42% to $24.3B. Net income was down 44% to $2.6B, while the net profit margin was down 47.8%. 

Marten Transport LTD

Stock Ticker: NASDAQ: MRTN

It is one of the leading temperature-sensitive truckload carriers in the United States. The company offers refrigerated and dry truck-based capabilities and has five distinct platforms:

With a market capitalization of $1.64B a year ago, the company’s stock was $15.40. It sells at $19.82, a 29.04% improvement year-to-year. The operating income for the second quarter of 2022 improved 43.5% to $40.9 million. Revenue was up 28.8%.

Hub Group Inc

Stock Ticker: NASDAQ: HUBG

Hub Group is a supply chain solutions provider that offers transport and logistics Management in North America.

With a stock market capitalization of $2.4 billion, the stock is trading at $72.99, up 13.78% from $64.15 a year ago. In April 2022, Hub Group posted first-quarter earnings of $2.58 per share on revenue of almost $1.3 billion. Their following earnings report is expected to be July 27, 2022.

Old Dominion Freight

Stock Ticker: NASDAQ: ODFL

It is one of the largest North American less-than-truckload (LTL) motor carriers. 

Their market capitalization is $29.6 billion. A year ago, Old Dominion’s stock price was trading at $253.04. Today it is up by 6.94% at $270.60.

C.H Robinson Worldwide Inc

Stock Ticker: NASDAQ: CHRW

CH Robinson is the largest 3PL provider in the U S. They have:

  • Nearly 100,000 customers 
  • 85,000 contract carriers

CH Robinson’s market capitalization is $12.4 billion. Its stock is trading at $100.75, up 8.15% from a year ago when it sold for $93.12. Revenue was up 41.88% in the last quarter at $6.8 billion. Net income was up 56% at $270 million. Total revenue for 2021 was $23.1 billion.

Landstar System, Inc

Stock Ticker: NASDAQ: LSTR

Landstar is a transportation services company that specializes in third-party logistics. It has:

  • A network of independent freight agents
  • An extensive network of more than 11,000 independent owner operators
  • Other third-party capacity providers

Their stock was trading at $154.10 a year ago. Now it is trading at $154.74, up 0.63% in the past year. Market capitalization is $5.61 billion. In the quarter ending March 2022, their revenue was up 53% to 1.97 billion. Net income was up 61.6% to $124.84 million. The company’s net profit margin was up 5.5% in that quarter.

ZTO Express (Cayman) Inc.

Stock Ticker: NYSE: ZTO

It is one of the leading express delivery companies in China. With a 20.4% market share in 2020, it is the express delivery partner for millions of commerce customers. These include:

  • online merchants
  • consumers selling and buying products on e-commerce sites like Alibaba, PDD, JD.com

This company comes in with a market capitalization of $21.43 billion. The stock has gone down -9.19% in the past year. In the last quarter, revenue was up 22.12%, and net income was up by 69.83%. The net profit margin was up by 32.9%.

Radiant Logistics, Inc.

Stock Ticker: NYSEAMERICAN: RLGT

This non-asset-based global transportation and supply chain Management Company has:

  • 100 operating locations worldwide
  • It provides a broad range of services in several industries, like supplying white-glove delivery services to the retail sector and transporting heavy machinery worldwide.

With a market capitalization of $368.94M, Radiant’s stock is trading at $7.43. That is up 15.02% from a year ago when it was trading at $6.46. In the last quarter ending March 2022, the company’s revenue was up 94.86% to $460.9M. Net income was up 187.7% to 14.34M, while the net profit margin was up by 47.39% in the last quarter.

Expeditors International of Washington Inc

Stock Ticker: NASDAQ: EXPD

EXPD is a global logistics company that provides air and ocean freight, freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution, and other international logistics services.

This company has a market capitalization of $16.6B. A year ago, the stock was trading at $128.62. Now it is trading at $99.75, down over 22%. In the last quarter, net earnings rose by 21% to $346M. Operating Income increased 20% to $462M. Revenue was up $46% to $4.7B.

Werner Enteprises Inc.

Stock Ticker: NASDAQ: WERN

Werner is a logistics and trucking company that services the US, Mexico, and Canada. 

Their fleet comprises approximately 10,000 tractors and 26,000 trailers and employs 13,500 employees and subcontractors.

The company’s market capitalization stands at $2.65B. However, its stock is down -7.60%, trading at $41.36 compared to $44.76 a year ago. In the last quarter, their revenue was up 24.03% at 764.6M. Net income was up 15.61% to 53.75M. Their net profit margin was down 6.76% in the last quarter.

Final thoughts

These freight logistics companies offer exciting opportunities for anyone who wants to buy stocks. We hope this year-to-year analysis has helped make you a savvy investor.