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

12 Dec 2014
Con-way Freight workers in Miami Lakes, Florida, voted to join the Teamsters union, making their facility the third in Con-way's LTL network to go union. Three other terminals have rejected the Teamsters.
13 Nov 2014
Road and city drivers at a FedEx Freight terminal in Newark, N.J., voted against joining the Teamsters union — the second victory for FedEx Freight in four elections.
11 Nov 2014
Higher trucking rates drove year-over-year increases in less-than-truckload yield in the third quarter, as the U.S. economy expanded more than 3 percent for the second straight quarter. Lower diesel prices and reduced surcharges, however, curbed yield gains at many carriers.
10 Nov 2014
Banking on economic expansion and its own history, Old Dominion Freight Line plans to repurchase as much as $200 million of its own stock over the next two years.
08 Nov 2014
Net orders for the Class 8 trucks that literally keep the economy in motion soared in October, underscoring growing confidence about the strength of the recovery and the outlook for 2015.
04 Nov 2014
Less-than-truckload carrier ABF Freight System is gaining more freight from competing modes as truckload capacity tightens and intermodal service problems frustrate shippers.

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.