Top 25 LTL Carriers

Top 25 LTL Carriers

The combined revenue of the 25 largest U.S. less-than-truckload carriers jumped 9.1 percent to $32.3 billion as the pace of the U.S. economic recovery quickened in 2014. That compares with a 3.9 percent increase in 2013, the slowest year for LTL revenue growth since the recession. 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 2014. Altogether, the Top 25 LTL carriers account for 91 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.

Top 25 LTL Carriers in 2014

 

Key stories in LTL

Special Coverage

ACT Research expects the number of active Class 8 tractors in the U.S. to climb from 1.35 million last year to 1.43 million this year, but faster economic growth and a driver shortage could blunt any advantage for shippers.

News & Analysis

21 May 2015
Old Dominion Freight Line promoted veteran executive Greg C. Gantt to president, while David S. Congdon remains CEO and takes on added responsibilities as vice chairman of the company's board.
01 May 2015
Old Dominion Freight Line didn't brake for the general slowdown apparent in first-quarter U.S. GDP. The less-than-truckload carrier reinvested earnings in expansion.
23 Apr 2015
The Teamsters union lost another round in its terminal-by-terminal organizing battle with Con-way Freight, the second-largest U.S. less-than-truckload carrier. To date, the union has three victories and six losses — not counting two terminals where the Teamsters withdrew an election petition.
21 Apr 2015
Truck tonnage increased in March after a February fall, riding a wave of stronger consumer confidence, retail sales and U.S. imports.
08 Apr 2015
Trucking revenue has become increasingly concentrated, as the number of carriers with more than $1 billion in annual revenue more than doubled over the last decade. That's good for shippers, SJ Consulting Group says.

Commentary

Less-than-truckload growth accelerated in a big way in 2014 as total market revenue grew 7.5 percent to a record $35.4 billion. After years of losing share to parcel and truckload carriers, it seems the LTL industry is finally regaining some of its old business.

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.