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.
19 May 2015
Truck tonnage slipped 3 percent in April from March and rose only 1 percent from a year ago, but remains well above 2013 levels, according to the American Trucking Associations. That signals trucking may be driving across a new economic plateau.
15 May 2015
The Teamsters union lost a representation election at FedEx Freight's Chicago Heights, Illinois, terminal, the latest setback in the union's effort to organize the largest U.S. less-than-truckload carrier. So far, the Teamsters have organized four FedEx Freight terminals.
12 May 2015
U.S. shipment volumes and spending rose in April from March, but were down year-over-year, thanks to tough comparisons with a booming economy in 2014, Cass Information Systems said. The freight payment provider expects more growth ahead.
11 May 2015
The total revenue of U.S. trucking operators, for-hire and private, broke higher than $700 billion for the first time last year, as a stronger economy generated freight and supported higher truck pricing.
01 May 2015
YRC Worldwide is "transitioning to a state of profitability," cutting freight that won't pay its way and raising prices. The LTL operator is willing to accept fewer shipments and less revenue if its bottom line can eventually come out on top.

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.