Top 10 Largest Trucking Companies in 2022
Publish Time: 2022-08-12 Origin: Site
The State of the Global Trucking Industry
The global trucking industry continues to experience year-over-year growth led by the world's 10 largest trucking companies. As the global freight industry becomes more integrated with the logistics chain, goods arrive at factories and warehouses. In addition, the demand for trucking services is not going away anytime soon, as entire economies rely on trucks to move all types of goods. Just how big is the global trucking industry? By 2024, the global freight industry market will reach $700 billion, growing at a CAGR of 5.20% through 2024.
Leading the top Trucking companies is UPS - the world's largest Trucking company by revenue. The largest Trucking companies after UPS are FedEx and XPO Logistics, which rank among the top 10 freight companies by revenue.
Global Trucking Industry Statistics and Trends
· Data shows that 71% of trucking in the U.S. is transported by trucks, and nearly 6% of the nation's full-time jobs are in the trucking industry.
· The U.S. trucking industry generates more revenue than the GDP of more than 150 countries.
· Eight percent of all full-time jobs in the U.S. are related to trucking.
· Walmart employs more than 8,600 truckers.
· Last year, trucks moved 10.8 billion tons of freight.
· If long-haul truckers stopped driving, most grocery stores would run out of food in just three days.
· The average professional long-haul trucker travels more than 100,000 miles per year.
Top 10 World's Largest Trucking Companies in 2022
Rank | Trucking Company | Revenue (USD billions) | Employees | Headquarters |
| 1 | UPS | 71.86 | 481,000 | Georgia, USA |
| 2 | FedEx | 65.45 | 425,000 | Tennessee, USA |
| 3 | XPO Logistics | 16.65 | 100,000 | Connecticut, USA |
| 4 | J. B. Hunt | 9.16 | 29,056 | Arkansas, USA |
| 5 | Knight-Swift | 5.34 | 25,400 | Arizona, USA |
| 6 | YRC Worldwide | 5.09 | 19,000 | Kansas, USA |
| 7 | Schneider | 4.97 | 19,600 | Wisconsin,USA |
| 8 | Landstar System | 4.61 | 1,306 | Florida, USA |
| 9 | Old Dominion Freight Line | 4.04 | 21,279 | Thomasville, USA |
| 10 | TFI International | 3.95 | 17,500 | Montreal, Canada |