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

13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
03 Nov 2014
The Teamsters union won a representation election at a New Jersey FedEx Freight terminal Oct. 31, but called off another vote at a less-than-truckload terminal in Pennsylvania.
31 Oct 2014
Higher rates and better utilization of its terminals, trucks and drivers are helping Con-way Freight, the second-largest less-than-truckload carrier, significantly increase profits.
31 Oct 2014
The wave of stronger economic activity that produced freight for truckload and less-than-truckload carriers alike in the third quarter lifted tonnage, shipments and revenue at YRC Worldwide, giving the $4.9 billion LTL company a chance to improve profitability.
30 Oct 2014
In an era when most companies seem intent on doing more with less, Old Dominion Freight Line is doing more with more. The fifth-largest U.S. less-than-truckload carrier hired 868 employees in the third quarter alone to keep pace with its rapidly expanding business.
Saia doubles trailer on a U.S. highway.
29 Oct 2014
Saia, the 10th-largest U.S. less-than-truckload carrier, increased tonnage, shipments, revenue and profit in the third quarter, and so far in the fourth quarter sees no signs of a slowdown.

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.