In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
A meticulous ranking from Insider Monkey brings you a list of the top 25 trucking companies in the United States for 2024.
In 2022, the U.S. trucking industry generated $940.8 billion, carrying the heavy load of 72.6% of all cargo shipped. With a fleet of nearly 12.86 million trucks and a workforce of 8.4 million strong, trucking is the backbone of the U.S. supply chain.
Insider Monkey is a New York-based financial blog founded by Ian Dogan, offering insight into profiting from public insider trading and hedge fund transactions. They've combed through heaps of data, checking industry reports, financial figures, and stock screener magic to bring you the top 25 trucking champions of 2024, focusing on market cap as of March 27.
Here's the list of the top 25 trucking companies, ranked from #25 to #1, with their market cap or revenue:
| Rank | Company Name | Market Cap/Revenue |
|---|---|---|
| 25 | Daseke, Inc. (NASDAQ:DSKE) | $390.80 million |
| 24 | Covenant Logistics Group, Inc. (NASDAQ:CVLG) | $594.36 million |
| 23 | Forward Air Corporation (NASDAQ:FWRD) | $791.12 million |
| 22 | Heartland Express, Inc. (NASDAQ:HTLD) | $908.28 million |
| 21 | Universal Logistics Holdings, Inc. (NASDAQ:ULH) | $951.34 million |
| 20 | Marten Transport, Ltd. (NASDAQ:MRTN) | $1.49 billion |
| 19 | CRST International | $2.0 billion (2023 Revenue) |
| 18 | Werner Enterprises, Inc. (NASDAQ:WERN) | $2.42 billion |
| 17 | RXO, Inc. (NYSE:RXO) | $2.43 billion |
| 16 | Hub Group, Inc. (NASDAQ:HUBG) | $2.60 billion |
| 15 | ArcBest Corporation (NASDAQ:ARCB) | $3.20 billion |
| 14 | Schneider National, Inc. (NYSE:SNDR) | $3.86 billion |
| 13 | NFI Industries, Inc. | $3.90 billion (2023 Estimated Revenue) |
| 12 | Estes Express Lines | $4.40 billion (2023 Revenue) |
| 11 | Flexport | $5 billion (2023 Estimated Revenue) |
| 10 | Ryder System, Inc. (NYSE:R) | $5.12 billion |
| 9 | Landstar System, Inc. (NASDAQ:LSTR) | $6.59 billion |
| 8 | C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) | $8.51 billion |
| 7 | Knight-Swift Transportation Holdings Inc. (NYSE:KNX) | $8.51 billion |
| 6 | XPO, Inc. (NYSE:XPO) | $14.04 billion |
| 5 | Saia, Inc. (NASDAQ:SAIA) | $15.58 billion |
| 4 | J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) | $20.01 billion |
| 3 | Old Dominion Freight Line, Inc. (NASDAQ:ODFL) | $47.16 billion |
| 2 | FedEx Corporation (NYSE:FDX) | $71.12 billion |
| 1 | United Parcel Service, Inc. (NYSE:UPS) | $122.67 billion |
These are the companies keeping America's economy rolling, delivering everything from the essentials to the extraordinary right to our doorsteps and beyond.
Source: Insider Monkey/MSN
Windrose Semi reveals striking similarities to Tesla's design. Here are the features, performance, and industry implications of their electric truck.
North Carolina upgrades weigh stations with $5.8M tech boost. New systems include weigh-in-motion and license plate readers for improved safety and efficiency.
Alabama jury rules against Daimler Truck NA in a $160M verdict for a truck driver injured due to alleged defective cab and seat design.
ATRI study shows 39% of truck deliveries face costly delays. Industry loses $15B annually.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).
