Abstract: This study evaluates the performance of Private Transport Companies in Southwestern, Nigeria. It also ascertains the influence of the identified variables on the performance of the companies. A Sample size of 270 respondents was purposively selected among registered private transport companies in the Study area. Correlation Analysis technique was adopted in analyzing the collected data. The results of the findings showed a significant correlation between the performance of private transport companies and each of the independent variables of age of establishment (r = 0.593), staff strength (r = 0.647), wages/salary trends (r = 0.54) and total number of functioning vehicles (r = 0.539) and these variables had a strong, positive and significant relationships and are answerable for the performance that is measured in terms of return on investment of the private transport companies in the study area.