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.
UPS driver and packages
30 Jan 2014
The largest U.S. transportation and logistics company increased its profit dramatically in 2013, though holiday delivery disruptions took a bite out of fourth-quarter earnings.
30 Jan 2014
YRC Worldwide is racing to clear the last hurdles to securing $1.15 billion in refinancing before a February debt deadline.
28 Jan 2014
With its new Teamsters contract in hand, YRC Worldwide launched a $300 million debt-for-equity exchange today, the next step in a major debt reduction and refinancing program.
Three YRC Freight trucks
27 Jan 2014
YRC Worldwide’s Teamsters employees approved a five-year contract by a wide margin this weekend, giving the struggling trucking operator concessions needed to refinance $1.36 billion in debt.
17 Jan 2014
The Teamsters union and YRC Worldwide reached a tentative contract agreement Friday that must be reviewed by local union leaders before being put to a vote.

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.