Looking for information on the largest trucking companies in the United States?
Due to continuous mergers, acquisitions, and organic business growth, the list of top players is always changing. That’s why we’ve pulled up the latest annual financial reports from the largest transportation and freight companies in the U.S. to give you with an up-to-date picture of biggest commercial trucking companies in 2025.
Below, we’ll go through the top 10 American trucking companies by revenue.
We’ve also gathered the latest information on each company’s fleet size, business model and key services.
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What’s the Largest Trucking Company in the United States?
UPS Inc. is the largest business in the United States involved in trucking, reporting an annual revenue of $91.1 billion in fiscal 2024. But it’s important to note that UPS primarily operates as a global package delivery and logistics company – UPS actually sold its less-than-truckload (LTL) division, UPS Freight, in 2021.
The largest LTL trucking company in the United States is currently FedEx. Through its FedEx Freight division, FedEx generated $9.4 billion for FedEx Corp. in 2024.
What Trucking Company has the Largest Fleet in the United States?
Ryder System, Inc. holds the distinction as the trucking company with the largest overall fleet in the United States, recording 189,800 vehicles at the end of fiscal 2024. Ryder’s business model is unique in that the vast majority of these trucks are either leased or rented out to other businesses, rather than being solely operated by Ryder for direct freight hauling.
When considering companies that operate large, company-owned fleets for specific trucking services, the picture changes:
- FedEx Freight boasts the largest company-owned fleet of trucks dedicated to less-than-truckload (LTL) services, with approximately 30,000 motorized vehicles.
- Meanwhile, Knight-Swift Transportation Holdings Inc. operates the largest full company-owned fleet of trucks offering full truckload (FTL) services, with roughly 19,000 tractors.
How Many Trucking Companies Are there in the USA?
The United States boasts a massive and highly fragmented trucking industry.
According to the U.S. Department of Transportation, as of March 2024, there were over 577,000 active U.S. motor carriers registered with the Federal Motor Carrier Safety Administration (FMCSA) that own or lease at least one tractor.
A breakdown of these carriers reveals the industry’s predominantly small-business nature:
- 95.5% operate 10 or fewer trucks.
- 99.6% operate 100 or fewer trucks.
Collectively, there are over 14 million registered single-unit and combination trucks registered in the U.S. This represents approximately 5% of all motor vehicles on the road.
10 Largest Trucking Companies by Revenue
1. UPS
Revenue in 2024: $91.1 billion
Fleet: 94,000 delivery vans
Headquarters: Atlanta, Georgia
UPS Inc., an abbreviation of United Parcel Service, stands as the largest business in the United States involved in trucking by revenue, with a reported $91.1 billion in fiscal 2024. Revenue from their U.S. domestic packaging arm alone reached $60.4 billion last year.
Founded in 1907, UPS has grown to become the world’s largest package delivery service. It is the leader in small package delivery services across the United States, serving all business and residential zip codes.
It’s important to note that UPS is primarily a package delivery and global logistics company. There are approximately 94,000 UPS delivery vehicles on American roads. These vehicles range in size from minivans like the Ford Transit to box vans such as the Mercedes-Benz Sprinter.
UPS does operate fleets of larger box trucks and tractor-trailer trucks, like the Navistar International 9000, for moving freight between its hubs – but the exact number of these larger vehicles is not publicly disclosed. The company previously had a dedicated less-than-truckload (LTL) division called UPS Freight.
When this division was sold to TFI International in 2021, its fleet included over 6,000 trucks and 23,000 trailers.
2. FedEx
Revenue in 2024: $87.7 billion
Fleet: 80,900 vans, aircraft and trucks
Headquarters:
FedEx Corp. ranks as the second-largest trucking company in the United States by revenue, having recorded $87.7 billion in revenue for 2024.
FedEx began as Federal Express in 1971, initially focusing on delivering small packages. Since then, it has expanded significantly to offer comprehensive ground and Less-Than-Truckload (LTL) freight services both across North America and globally.
Its LTL carrier service, FedEx Freight, generated $9.4 billion in 2024 for the company and is recognized for having the broadest network and fastest transit times in the industry
FedEx operates a total fleet of around 80,900 vehicles, including vans, aircraft, and trucks. Approximately 30,000 trucks within this fleet are specifically dedicated to the FedEx Freight division.
3. Ryder System
Revenue in 2024: $12.6 billion
Fleet: 189,900 trucks
Headquarters: Coral Gables, Florida
Ryder System, Inc., is the third-largest trucking company in the United States, with an annual revenue of $12.6 billion in 2024.
Ryder was founded in 1933 as a concrete hauling company in Florida. Since then, it has expanded significantly into the transportation and logistics markets, becoming a major provider of supply chain, dedicated transportation, and fleet management solutions in the United States and the United Kingdom.
Ryder operates with a multifaceted business model. At the end of 2024, they owned approximately 189,800 trucks. These vehicles are either on long-term leases, used for short-term commercial rentals, or are in the process of being sold. Their fleet consists of a mix of semi-trucks, straight trucks, and vans, as detailed in their fourth-quarter 2024 results.
4. J.B. Hunt
Revenue in 2024: $12.09 billion
Fleet: 13,000 trucks
Headquarters: Lowell, Arkansas
J.B. Hunt Transport Services Inc., or simply J.B. Hunt, is the fourth-largest trucking company in the United States, with an annual revenue of $12.09 billion in 2024.
J.B. Hunt began its operations in 1961 and has since grown into a major supply chain solutions provider across the United States. They offer a comprehensive range of services, including intermodal, dedicated, refrigerated, truckload, less-than-truckload (LTL), flatbed, single source, last mile, and more.
J.B. Hunt claims to have one of the largest company-owned fleets in the United States, comprising 13,000 trucks.
5. TFI International
Revenue in 2024: $8.4 billion
Fleet: 14,243 trucks
Headquarters: Quebec, Canada
TFI International Inc. is the fifth-largest trucking company in North America, with an annual revenue of $8.4 billion in 2024.
TFI International was founded in 1957 in Quebec, Canada, and has grown significantly while also expanding into the U.S.-based parcel, LTL, truckload, and logistics markets through strategic acquisitions such as XPO Logistics Truckload in 2016 and UPS Freight in 2021. TFI International is now a North American leader in the transportation and logistics industry, with approximately 70% of its operations taking place in the United States.
The company owns 14,243 tractors and 45,453 trailers, while also utilizing 5,792 owner-operated tractors.
6. XPO
Revenue in 2024: $8.1 billion
Fleet: 8,000 trucks
Headquarters: Greenwich, Connecticut
TFI International Inc. is the fifth-largest trucking company in North America, with an annual revenue of $8.4 billion in 2024.
TFI International was founded in 1957 in Quebec, Canada, and has grown significantly while also expanding into the U.S.-based parcel, LTL, truckload, and logistics markets through strategic acquisitions such as XPO Logistics Truckload in 2016 and UPS Freight in 2021. TFI International is now a North American leader in the transportation and logistics industry, with approximately 70% of its operations taking place in the United States.
The company owns 14,243 tractors and 45,453 trailers, while also utilizing 5,792 owner-operated tractors.
7. Knight-Swift
Revenue in 2024: $7.41 billion
Fleet: 19,000 trucks
Headquarters: Phoenix, Arizona
Knight-Swift Transportation Holdings Inc. (or just Knight-Swift) is the seventh-largest trucking company in the United States, with an annual revenue of $7.41 billion in 2024.
Knight-Swift is the result of a 2017 merger between Knight Transportation (founded in 1990) and Swift Transportation (founded in 1966). This merger created North America’s largest full truckload company.
The company boasts an extensive fleet of 19,000 trucks and 58,000 trailers, and employs 24,000 people.
8. Old Dominion Freight Line
Revenue in 2024: $5.81 billion
Fleet: 10,700
Headquarters: Richmond, Virginia
Old Dominion Freight Line, Inc., is the eighth-largest trucking company in the United States with an annual revenue of $5.81 billion in 2024.
The company was founded in 1934 in Virginia and is now one of the largest North American LTL (Less-Than-Truckload) motor carriers. It provides regional, inter-regional, and national LTL services, primarily focusing on expedited transportation. Old Dominion also offers global full container load and less-than-truckload services to the Caribbean, Europe, the Far East, Central America, and South America.
Old Dominion has a fleet of 10,700 trucks across the continental United States, as detailed in their SEC filings, and over 34,500 trailers, according to their business model canvas.
9. Schneider National
Revenue in 2024: $5.3 billion
Fleet: 12,500 trucks
Headquarters: Green Bay, Wisconsin
Schneider National, Inc., also known simply as “Schneider,” is the ninth-largest trucking company in the United States, with an annual revenue of $5.3 billion in 2024.
Schneider was founded in 1935 by Al Schneider with a single truck. Over the decades, the company has grown significantly to become a leading transportation and logistics services provider. Schneider primarily focuses on full-truckload (FTL) freight, offering services across the United States, Canada, and Mexico.
The company operates a large fleet of 12,500 trucks, along with 54,400 trailers, 27,000 intermodal containers, and 23,900 chassis.
10. Landstar Systems
Revenue in 2024: $4.8 billion
Fleet: 8,000-9,000 trucks
Headquarters: Jacksonville, Florida
Landstar System Inc., or just Landstar, is the tenth-largest trucking company in the United States with an annual revenue of $4.8 billion in 2024.
Landstar was founded in 1968 and has grown into one of the leading transportation companies in the United States. The company offers a wide range of transportation and freight services, including full truckload, less-than-truckload, cross-border freight, rail intermodal, and air freight.
Landstar operates on an asset-light model, meaning it doesn’t own its truck fleet directly. Instead, it owns 17,600 trailers and utilizes an extensive network of approximately 8,000-9,000 leased owner-operators (known as Business Capacity Owners or BCOs), over 1,050 independent freight agents, and over 70,000 vetted third-party capacity providers.
Therefore, while their core fleet could be considered in the 8,000-9,000 truck range, they can tap into a significantly larger pool of capacity when necessary.
