…recognises outstanding achievement in the United Kingdom or overseas in the sphere of transport by an individual or group.
It was founded in 1988 and comprises an engraved silver gilt medal and citation.
(Year * refers to year awarded. Awards are presented in March the following year, normally at the Mansion House)
| Year * | Recipient | Citation |
| 2023 | James Backhouse, Jonathan Backhouse and Ian Jones | Exceptional and consistent bespoke legal transport services |
| 2022 | No award | |
| 2021 | Brooklands Museum Trustees | Action plan saving the Museum and its contents despite pandemic lockdown |
| 2020 | Billy Monger | Race-driver amputee achievement in adapted cars |
| 2019 | Andy Savage | Rail heritage and safety |
| 2018 | Network Rail Thameslink | Redevelopment of London Bridge station and restoration of heritage features |
| 2017 | Leon Daniels | Exceptional service to road passenger transport |
| 2016 | Cranfield University | For sustained excellence in transport systems, logistics and supply chain research and education |
| 2015 | No award | |
| 2014 | DPD UK | For consistent, continuous and contemporary technical and user-oriented innovations in world-wide parcels delivery |
| 2013 | Mike Brown MVO | For the excellent work he and his London Underground team have done |
| 2012 | The Ealing Community Transport Charity | For the delivery of wheelchair accessible shuttle services at the Olympic and Paralympic Games 2012 |
| 2011 | Chiltern Railways | For Phase One of its Evergreen 3 Development Project, upgrading the Marylebone- Birmingham main line |
| 2010 | The Variety Club of Great Britain | For the 5,000th Variety Club Sunshine Coach to reach the road since 1962 |
| 2009 | The Family of the late Ken and Lew Norris | The first Carman posthumous award, for 50 years of design achievement: record-breaking Bluebird cars and boats, automatic safety belts, go-karts, rotary motorcycle engine and lift trucks |
| 2008 | 13 Air Assault Regiment RLC | Planning, operating, fighting across 180 kms, delivering hydro-electric turbine to Kajaki Dam, Afghanistan |
| 2007 | No award | |
| 2006 | Past Master John Ratcliff CBE | Outstanding services to transport and charity |
| 2005 | Seymour Powell and Intelligent Energy | For the first practical application of miniaturised fuel cell technology to a motorcycle |
| 2004 | Liveryman Frank Shaw | |
| 2003 | Geoffrey Atkinson, OBE | For his 25 years work with the motor trades Benevolent Fund |
| 2002 | Assistant RH Russett | For his vision in founding Palletline |
| 2001 | The Lord Strathcarron | For his services to the road transport industry |
| 2000 | Dr Alexander Moulton, CBE | Design and development of innovative suspension systems |
| 1999 | Nick Scheele | Exceptional achievements at Jaguar Cars |
| 1998 | Liveryman Graham Westcott | Outstanding services to Training in the Transport Industry |
| 1997 | Sqn Ldr Andy Green, OBE, RAF | Outstanding courage and ability in achieving supersonic speed on land |
| 1996 | No award | |
| 1995 | Sir Peter Thompson | Outstanding services to the Transport Industry |
| 1994 | Sir John Fairclough | Outstanding leadership of the Engineering Profession |
| 1993 | No award | |
| 1992 | Liveryman Sir James Duncan | Outstanding services to the Transport Industry |
| 1991 | David Martell | Development of Trafficmaster |
| 1990 | The Royal Mews | Restoration of the Irish State Coach |
| 1989 | Miss Ann Frye | Personal achievement in founding MAVIS and in transport for the disabled |
| 1988 | Jaguar Motors Ltd and Tom Walkinshaw Racing | Developing the car which won the 1988 Le Mans 24 Hour Race |