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.

 

Special Coverage

The strong surge in revenue U.S. less-than-truckload carriers enjoyed in 2014 ran out of gas last year, as weaker demand and lower fuel surcharges dragged down LTL trucking’s top line.

News & Analysis

03 Jan 2017
Roadrunner Freight expects business to bounce back in 2017, and is expanding on the West Coast while building up density in major less-than-truckload lanes to inland markets.
14 Dec 2015
Old Dominion Freight Line is adding a second terminal in St. Louis, Missouri, expanding its less-than-truckload service in the city and the Midwest.
04 Dec 2015
Transporation holding company Arcbest, the parent of ABF Freight, expanded its asset-light business by adding truckload broker Bear Transportation to fast-growing ABF Logistics.
02 Dec 2015
Old Dominion Freight Line barreled past signs warning U.S. shipping was slowing in the first two months of the fourth quarter, handling more shipments and higher freight tonnage.
21 Nov 2015
Less-than-truckload shipments increased marginally in the first nine months of 2015, as freight revenue plummeted, thanks largely to the drop in fuel surcharges, SJ Consulting Group says.
17 Nov 2015
ODFL is offering some shippers a chance to ditch fuel surcharges, a step that could lead to LTL pricing more closely aligned with service and actual costs.

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.