The top 3 largest trucking businesses in the world continue to lead the global trucking sector in year-over-year growth. With the delivery of products to factories and warehouses, the global trucking business is becoming more linked with the logistics chain. Furthermore, because whole economies rely on trucking services for the movement of all sorts of commodities, the demand for trucking services will not go away anytime soon. What is the size of the global trucking industry? By 2024, the worldwide trucking industry market is expected to reach USD 700 billion, with a CAGR of 5.20 percent.
UPS, the world’s largest trucking firm by revenue, is at the top of the list of the best trucking companies. After UPS, the largest trucking businesses are FedEx and XPO Logistics, both of which are located in the United States, rounding out the top three trucking companies by revenue.
The World’s Top 3 Trucking Companies in 2020
1. United Parcel Service (UPS)
What is the world’s and the United States’ largest trucking company? UPS is the world’s largest trucking firm, with revenues of USD 71.86 billion last year. UPS is an international package delivery and supply chain management firm headquartered in the United States. It was started in 1907 as The American Messenger Company. Ground package tractor-trailers are referred to as “feeders” by UPS; these vehicles are not part of the UPS Freight fleet. UPS uses trucks from a variety of manufacturers in North America, including Mack Trucks (Pinnacle and Vision) and Navistar (International ProStar+ and 9900i), as well as PACCAR vehicles (Kenworth T800, T660, and T680). UPS is ranked first among the top ten largest trucking firms in the globe, with the greatest revenues among the top trucking companies in 2020.
- Founded in the year 1907.
- Sandy Springs, Georgia is the headquarters of UPS.
- UPS has an annual revenue of USD 86 billion.
- UPS A total of 481,000 people work for the company.
- 19,732 UPS Tractors
- 106,481 UPS trailers
UPS Services and Products
- Express courier services
- Services for freight forwarding
- Services in logistics
FedEx is ranked number two on our ranking of the world’s top ten transportation businesses by revenue in 2020. FedEx, based in Memphis, Tennessee, is an American international delivery services firm. FedEx is noted for its overnight delivery service and for pioneering a system that can monitor shipments and offer real-time updates on package location, a feature that most other carrier services have already adopted. FedEx had a revenue of USD 65.46 billion in year, making it the world’s second-largest transportation firm by revenue. Currently, the corporation employs 425,000 people and operates approximately 29,000 tractors and 113,000 trailers. FedEx is also renowned as one of the world’s largest third-party logistics firms.
- In 1971, the company was established.
- Memphis, Tennessee, United States of America is the headquarters of FedEx.
- FedEx’s annual revenue is USD 45 billion.
- FedEx has a workforce of 425,000 people.
- 29,813 FedEx Tractors
- 113,218 FedEx trailers
FedEx Services and Products
- Following the delivery
- Priority mail
- Transporting goods
- Logistics provided by a third-party
3. XPO Logistics
pexIs an American global transportation and contract logistics firm that handles supply chains for 50,000 customers, comes in third place on BizVibe’s ranking of the top 3 largest trucking companies in the world. XPO Logistics presently employs over 100,000 people and has over 14,438 tractors and 25,689 trailers. XPO Logistics, Inc., one of the most profitable trucking businesses, is the Fortune 500’s 7th best-performing stock over the previous decade. XPO Logistics made USD 16.65 million in sales last year, placing it third among large transportation businesses in terms of revenue.
- 1989 was the year it was established.
- Greenwich, Connecticut, USA is the home of XPO Logistics.
- 165 billion dollars in XPO Logistics revenue
- Employees: 100,000 at XPO Logistics
- XPO Logistics Tractors: 14,438
- XPO Logistics Trailers: 25,689
XPO Logistics Products and Services
- Freight brokerage
- Intermodal and drayage
- Global forwarding
If you want to find the best trucking company for your business, visit the Northwest haulage companies who are specialists in their field.