Top 25 LTL Trucking Companies

The combined revenue of the 25 largest U.S. less-than-truckload carriers dropped 0.5 percent to $32.1 billion as the pace of the U.S. economic recovery slowed in 2015, the first year of revenue contraction for the carrier group 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. The sudden hard stop in 2015 reflected an economic recovery that seemed to stumble over its 2014 success, but it still leaves the Top 25 LTL carriers just shy of 2014’s record revenue level of $32.3 billion. Overall, the decline in revenue may have had as much to do with falling fuel prices and surcharges as lower industrial demand and higher inventories. Altogether, the Top 25 LTL carriers account for 91.5 percent of total LTL trucking revenue, which SJ Consulting Estimates dropped 1 percent last year to $35.1 billion. This special topic page delivers the most recent JOC coverage of these 25 carriers and the LTL trucking sector.

 

News & Analysis

Although as a less-than-truckload carrier Old Dominion Freight Line is somewhat less exposed to the driver shortage than truckload companies, the North Carolina-based trucker is paying close attention to the issue.
24 Aug 2016
The long-anticipated, much-discussed truck driver shortage could surface again as a major problem as early as next year.
The U.S. economy created 255,000 jobs in July, a higher number than expected and although trucking employment has declined since 2015, it is still slightly above its pre-recession peak.
05 Aug 2016
Does an uptick in trucking jobs indicate the trucking market is stabilizing?
04 Aug 2016
With cost controls, disciplined pricing and a sharp eye on volume margins, XPO Logistics positions LTL for more profitable growth.
04 Aug 2016
Small carriers may have gained more revenue than their larger counterparts last year, reversing a recent trend. Can they do it again in 2016?
01 Aug 2016
Despite lower volumes, many LTL carriers say they are still winning contractual rate increases.
01 Aug 2016
Strong hiring may have led to a new peak in trucking's hiring cycle. Is it downhill from here?

Commentary

Despite the calm market in early 2016, a storm is forming that is going to hit the trucking industry. New regulations coming into play in the next several months and the increasing influence of a major retailer are prepped to cause significant turbulence in the U.S. trucking market.

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.