Largest Trucking Companies in US (2025)

The largest trucking companies in the US are transportation corporations leading the industry in revenue, market capitalization, fleet size, and operational networks. These companies generate billions in annual revenue while delivering comprehensive logistics solutions across multiple shipping segments.

The U.S. trucking industry consolidates in 2025, with market leaders strengthening their positions. UPS leads with $97.3 billion in revenue, FedEx follows at $58.65 billion. LTL specialists Old Dominion and YRC expand terminal networks while improving service reliability. J.B. Hunt and Knight-Swift capture market share through technological innovations and strategic mergers, reshaping freight movement across America's supply chains.

In this article we will talk about the U.S. trucking industry's consolidation in 2025 and the dominant carriers shaping supply chains. We will examine top companies like UPS, FedEx, and Old Dominion, analyzing their market positions and competitive strategies. We will explore how regional specialists compete through technology, specialized services, and targeted growth while addressing industry challenges including driver shortages, environmental initiatives, and emerging technologies.

Takeaway

• UPS leads the industry with $97.3 billion in revenue and 543,000 employees worldwide.
• FedEx holds second position with $58.65 billion market capitalization and 400+ freight service centers.
• Old Dominion Freight Line ranks third with $37.51 billion market cap and $7.1 billion annual revenue.
• J.B. Hunt operates the largest intermodal fleet with 122,000+ containers and 6,500 tractors.
• Knight-Swift, formed through a $6 billion merger, is the largest truckload carrier following strategic acquisitions.

The Current State of the US Trucking Industry

The U.S. trucking industry consolidates in 2025, with market leaders strengthening their positions through strategic acquisitions and technology investments. United Parcel Service leads with $97.3 billion in revenue, while FedEx Corporation follows at $58.65 billion. Less than truckload (LTL) specialists Old Dominion Freight Line and YRC Worldwide expand terminal networks while improving service reliability according to Yahoo Finance. Meanwhile, J.B. Hunt Transport Services Inc and Knight-Swift Transportation Holdings capture market share through cutting-edge technology and strategic mergers, reshaping freight transportation across America's supply chains.

Many trucking companies face operational costs pressures including rising fuel costs and fuel surcharges, leading to industry-wide efficiency initiatives. According to industry experts from American Trucking Associations, the biggest trucking companies continue investing in supply chain management solutions to maintain competitive advantage.

1. UPS

UPS dominates global logistics through its extensive operational network and substantial market presence.

UPS generates $97.3 billion in consolidated revenues with 543,000 employees worldwide, commanding unmatched scale in transportation.

The company delivered 6.2 billion packages globally in 2022, maintaining market leadership despite reducing Amazon volumes by 50% by late 2026.

UPS prioritizes profitability through targeted cost management, including facility consolidation and fleet optimization.

Multi-year network reconfiguration programs and SurePost operations insourcing drive operational efficiency.

UPS projects 10.8% adjusted operating margin for 2025, maintaining competitive advantage through high-value services and operational excellence.

2. FedEx

FedEx maintains its position as the second-largest carrier in the trucking industry with a market capitalization of $58.65B on the NYSE and €53.43B on the ETR as of March 2025. The company trails only UPS ($124.2B) while outpacing competitors like Old Dominion ($44.68B) and XPO ($11.98B).

Despite a year-over-year decline of approximately 3.5%, FedEx demonstrates strong financial fundamentals with a PE ratio of 15.52 (NYSE) and an enterprise value of $90.89B. The corporation generated $4.3B in net income, supported by a robust operational infrastructure comprising 400+ freight service centers and 50,000+ trucks dedicated to FedEx Freight operations.

FedEx's competitive advantage stems from its integrated service model combining air, ground, and supply chain solutions, solidifying its position as the #228 ranked large-cap stock on NYSE.

3. Old Dominion Freight Line

Old Dominion Freight Line ranks as the third-largest U.S. carrier with $37.51B market capitalization, behind only UPS and FedEx.

The company generates $7.1B annual revenue as the second-largest LTL carrier, maintaining 21.19% net profit and 34.12% gross margins.

ODFL implemented 3-5% revenue per hundredweight increases to offset operational challenges in 2024-2025, including 5.2% August revenue decline and 5.9% LTL shipment reduction.

Old Dominion employs 22,902 workers in a union-free environment, operating an integrated network specializing in complex freight handling avoided by competitors.

The carrier's exceptional service quality justifies premium pricing, complemented by expedited transport, drayage, and brokerage services.

4. YRC Worldwide

Yellow Corporation (rebranded from YRC Worldwide in 2021) operates 300+ terminals across North America, managing 60,000 transportation assets since its 1929 founding in Overland Park, Kansas.

The corporation runs 4 distinct LTL carriers: YRC Freight, Holland (Central/Southeast U.S.), Reddaway (Western territories including Alaska/Hawaii), and New Penn (Northeastern markets with guaranteed delivery).

Yellow processes 11+ million annual LTL shipments with 29,000+ employees, restructured operations with a $700 million federal COVID-19 relief loan in 2020.

5. Landstar Systems

Landstar Systems operates as a transportation leader with 1,300+ independent agents and 59,000+ capacity providers nationwide.

The company uses a hybrid operational model combining truck brokerage carriers (53% of revenue) with BCO contractors (35-38%), creating superior fleet flexibility and market adaptability.

Landstar's tech infrastructure maintains strategic carrier partnerships while delivering scalable logistics across truckload, rail, and specialized equipment segments.

Unprecedented Fleet Growth

Landstar Systems dominates third-party logistics with 78,000+ trucks and 17,600+ trailers, supported by 8,082+ independent Business Capacity Owners and 70,245+ carrier partnerships.

Despite 27% BCO decline from peak levels due to freight challenges, Landstar's heavy-haul capabilities grew 24% year-over-year in Q4 2024.

The company balances owned assets with contracted capacity, enabling rapid scaling during demand fluctuations.

Landstar projects BCO stabilization by late 2025, potentially accelerating fleet growth as market conditions improve.

Tech-Enabled Carrier Partnerships

Landstar Systems ranks #9 among North American trucking companies and #6 in freight brokerage, partnering with 10,000 independent drivers and 69,000+ carrier-managed trucks.

The company's asset-light approach utilizes BCOs and independent agents with revenue-sharing structures, minimizing fixed costs while maintaining service quality and providing margin stability despite spot rate volatility.

Landstar enhances logistics transparency through BiTA membership for blockchain adoption and ISO 9001:2008 certification for standardized partner interactions, while proprietary digital platforms handle load management, quick payments, and fleet discounts.

6. XPO Logistics

XPO Logistics leads last-mile delivery through $550 million technology investment powering real-time tracking and machine learning algorithms for workforce planning and pricing optimization.

The company operates 85 North American hubs and expanding European operations, executing 40,000 daily deliveries and 13+ million annual North American deliveries.

XPO specializes in heavy/bulky goods requiring white-glove services, utilizing XPO Connect digital marketplace for freight visibility and performance metrics.

Technologically-Driven Brokerage Solutions

XPO Connect serves as XPO Logistics' digital marketplace cornerstone since 2018, achieving 90% brokerage order automation while providing real-time shipment tracking, quotes, and spend management tools.

The platform uses machine learning and predictive analytics to optimize routes, workforce planning, and dynamic pricing, continuously integrating new data features for enhanced visibility and cost efficiency.

XPO implements real-time rate adjustments through API integration and proactively adjusts capacity and pricing through predictive demand models.

The technology supports 9,600 tractors, 34,000 trailers, and 13,000+ drivers, guaranteeing capacity through dedicated lanes and cross-business unit asset sharing.

Last-Mile Competitive Advantage

XPO Logistics dominates as North America's largest provider of heavy goods home deliveries, with 85 hubs covering 90% of U.S. population and facilitating 13 million annual deliveries.

The company's European last-mile operation spans 5 markets (UK, Ireland, Netherlands, Spain, France), managing 750,000+ yearly deliveries.

XPO acquired UX Specialized Logistics for $59 million in 2015, adding a company with 19% CAGR pre-acquisition.

The carrier's extensive geographical coverage and white-glove services for furniture, appliances, and large electronics create significant market entry barriers.

Supply Chain Integration

XPO Logistics leads in last-mile delivery and freight brokerage through 150+ transport and distribution centers across Europe and North America providing end-to-end solutions.

XPO Direct serves omnichannel retailers through shared warehouse space and brokered capacity, eliminating fixed costs while maintaining two-day delivery coverage.

The company optimizes warehouse operations through WMx platform and AI-driven algorithms for load management.

XPO's LESS Initiative demonstrates sustainability commitment, with alternative fuel trials reducing CO2 emissions by 4,000kg.

The company employs machine learning for routing optimization and predictive analytics for inventory management, creating an efficient supply chain ecosystem.

7. J.B. Hunt

J.B. Hunt generates $155M net profits while maintaining market dominance despite 2% intermodal revenue decline alongside 5% volume increase.

The company's competitive advantages include North America's largest intermodal operation (122,000+ containers, 6,500 tractors), Quantum™ collaboration with BNSF (95%+ on-time performance), 60% carbon emissions reduction versus highway transport, $100M cost-cutting measures, and strategic terminal investments.

J.B. Hunt earned Newsweek's 2025 Most Reliable Company designation while expanding its container fleet toward 150,000 units by 2027.

8. Knight-Swift

Knight-Swift Transportation Holdings emerged from a $6 billion merger in 2017 as North America's largest truckload carrier, generating $5.1+ billion annual revenue.

The company expanded through strategic acquisitions including U.S. Xpress (2023) and Dependable Highway Express's LTL division (2024), extending population coverage to 70%.

Knight-Swift implements operational efficiencies through network realignment toward shorter hauls, high-cost equipment lease replacement, and rate increases, improving operating ratio by 7 percentage points post-U.S. Xpress acquisition.

The carrier operates across U.S., Mexico, and Canada offering truckload, LTL, and intermodal services focused on high-volume shipping markets.

9. Schneider National

Schneider National generates $4.55 billion revenue (2023) as a premier diversified carrier since 1935, headquartered in Green Bay, Wisconsin with 17,300+ employees.

The company increased Q4 2024 operating income by 35% YoY to $42.4 million, expanded Dedicated services to 70% of Truckload segment through Cowan Systems acquisition (2023-2024), and grew Logistics segment earnings by 39% YoY in Q4 2024.

Schneider provides real-time tracking through FreightPower® marketplace, projects $400-$450 million in 2025 net capital expenditures, and maintains advantages through long-term dedicated contracts, specialized equipment, and technology investments.

10. Regional Specialists

Regional trucking specialists compete against major carriers through niche market dominance, with Heartland Express optimizing driver satisfaction through guaranteed weekly pay protection and home time policies.

Smaller carriers gain competitive edge through AI-driven predictive analytics and real-time tracking systems enhancing operational efficiency and reducing fuel consumption.

These companies implement driver retention programs offering $55,000-$99,000 annual earnings while maintaining modern fleets and providing CDL licensing support.

Niche Market Domination

Smaller carriers with concentrated geographic footprints outcompete industry giants through strategic regional specialization, with Heartland Express structuring operations around Atlantic, Ohio, and Southwest divisions.

Regional specialization provides 5 key benefits: weekly driver home returns, 2,100-2,400 weekly miles per driver, reduced turnover rates through home base proximity, lower recruitment costs, and higher service consistency for regional shippers.

This approach addresses driver shortages while creating defensible market positions against larger competitors.

Regional specialists balance operational scale with premium service levels in specific territories where national carriers underperform.

Technology-Driven Advantage

Technology adoption equalizes competition between regional and national carriers, with smaller fleets using telematics integration to enhance fuel efficiency and reduce maintenance costs.

AI-driven route optimization maximizes asset utilization while minimizing deadhead miles, while IoT-enabled tracking systems provide enterprise-level visibility through affordable sensors and geofencing.

Regional carriers implement modular SaaS platforms with tiered pricing structures, deploying sophisticated compliance tools without capital-intensive investments.

Mobile-first dispatch solutions and prebuilt API integrations enable seamless TMS compatibility, helping regional specialists deliver comparable service levels while maintaining operational flexibility.

Multi-Regional Growth Strategies

Successful regional trucking companies implement strategic expansion that captures adjacent markets without overextension, using intimate market knowledge to outmaneuver larger competitors in specialized corridors.

Effective growth strategies include targeting underserved border regions for nearshoring opportunities, deploying mixed-vehicle fleets for regional freight, establishing co-brokering partnerships, maintaining alternative-fuel vehicles for short-haul routes, and developing expertise in secondary highways for reliability during disruptions.

Frequently Asked Questions

Who is the Largest Trucking Company in the United States?

United Parcel Service (UPS) ranks as the largest trucking company in the United States with $97.3 billion in revenue and 543,000 employees worldwide. As a leading logistics company, UPS delivers 6.2 billion packages annually while maintaining robust net income figures. UPS Freight, the company's less than truckload services division, provides specialized freight management solutions across North America.

What is the Largest U.S. Logistics Company?

UPS holds the position as the largest U.S. logistics company based on $97.3 billion annual revenue, followed by FedEx Corporation at $58.65 billion. Both transportation companies offer comprehensive logistics management and transportation services that extend beyond traditional trucking operations. Federal Express specializes in expedited shipping while developing advanced logistics operations for improved supply chain integration.

Which Trucking Company Has the Most Freight?

FedEx Freight handles the largest freight volume among trucking companies in the US, processing over 115 million shipments annually through its 400+ service centers. As a motor carrier with 50,000+ trucks, FedEx Freight dominates the less than truckload (LTL) segment for business-to-business shipments. J.B. Hunt Transport Services manages the largest intermodal fleet with 122,000+ containers, specializing in high-volume freight transportation across trade show shipping, retail, and manufacturing sectors.

How Are Trucking Companies Adapting to Autonomous Vehicle Technology?

Trucking companies adapt to autonomous technology through 5 key strategies: phased autonomous adoption, sensor-equipped fleet investment, tech firm partnerships, driver retraining as remote operators, and specialized driverless freight corridor establishment.

What Environmental Initiatives Are Top Carriers Implementing?

Top carriers implement 4 major environmental initiatives: fleet electrification (FedEx targeting 100% electric delivery vehicles by 2030), alternative fuels adoption (CNG, biodiesel, hydrogen), emissions tracking platforms deployment, and strategic sustainability partnerships.

How Do Driver Shortages Affect Expansion Plans?

Driver shortages impact carrier expansion through 4 key effects: reduced long-haul service growth, increased owner-operator reliance, AI adoption for demand planning, and enhanced compensation packages for driver attraction and retention.

What Cybersecurity Measures Protect Against Digital Threats?

Logistics companies deploy 4 primary cybersecurity measures: multi-layered security frameworks with zero-trust architecture, MFA implementation, endpoint protection systems, and supply chain risk management. Top carriers invest 8-12% of IT budgets in cybersecurity for operational technology protection.

How Are Trucking Companies Diversifying Revenue Streams?

Trucking companies diversify revenue through 8 channels: brokerage platforms, maintenance services, logistics consulting, warehouse management, specialized freight transport, advertising partnerships, equipment resale, and cross-border operations to offset traditional transportation margin pressures.