Top 25 LTL Carriers

Top 25 LTL Carriers

The 25 largest U.S. less-than-truckload carriers raised their combined revenue 3.9 percent to $29.5 billion in 2013, continuing a long, slow recovery from a disastrous 2009, when the LTL group lost nearly 25 percent of its revenue. The JOC and SJ Consulting Group annually rank the top 25 LTL trucking companies and track the sector’s progress toward economic recovery. Years of network re-engineering are beginning to pay off for many of the large carriers, though mid-sized companies on the Top 25 list grew the fastest in 2013. Altogether, the Top 25 LTL carriers account for almost 90 percent of total LTL trucking revenue. This special topic page delivers the most recent JOC coverage of these 25 carriers and the LTL trucking sector.

Key stories in LTL

Special Coverage

Top 25 LTL Carriers slideshow thumbnail
Revenue rose 3.9 percent at the 25 largest U.S. less-than-truckload carriers in 2013, hitting to $29.5 billion in 2013, as the segment continued its long, slow recovery from a disastrous 2009, when the LTL group lost nearly 25 percent of its revenue.

News & Analysis

25 Sep 2014
The Carlyle Group took advantage of a short spike in YRC Worldwide's stock price last week to sell more than 4 million shares for $89.4 million.
18 Sep 2014
FedEx Freight, the smallest operating division of FedEx but biggest stand-alone U.S. trucking company, flew higher than the company’s flagship Express division in the last quarter, increasing its operating profit a lofty 70 percent to $168 million on a 13 percent increase in revenue to $1.61 billion.
17 Sep 2014
An influx of freight and higher rates is boosting third-quarter profitability at YRC Worldwide, the company said Tuesday.
10 Sep 2014
A fundamental improvement in the industrial U.S.
03 Sep 2014
Central Freight Lines reached out toward the East Coast last month by acquiring the less-than-truckload assets and business of Drug Transport, a Georgia-based company that in August filed for Chapter 11 protection from creditors in bankruptcy court in Atlanta.
31 Jul 2014
The strength of the 2014 economic recovery isn’t being questioned at Old Dominion Freight Line and Saia, two of the most profitable U.S. less-than-truckload carriers.

Commentary

Better operating margins are finally on the horizon for the less-than-truckload industry. LTL profitability has been dismal for years, with most large carriers reporting operating ratios above 95.

Video

Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability.